NCUA chair touts stewardship of four agency funds.
The Federal Home Loan Banks want to be included in the NCUA’s pending final emergency liquidity rule, according to a Jan. 31 letter to NCUA Board Chairman Debbie Matz and Board Member Michael Fryzel signed by the 12 FHLB presidents.
Former NCUA Board member said he can see why and why not make the FHLBs an option.
Federal Home Loan Bank working with NCUA to draft a Memorandum of Understanding that would define the banks’ role in providing liquidity.
Regulator hints at change of heart over appropriate sources, in addition to CLF and Fed Discount Window, at Tuesday webinar.
FHLBs say credit union members have been asking them to seek inclusion as emergency liquidity providers.
Presidents of 12 Federal Home Loan Banks urge NCUA Board to consider them as an option to the CLF or Fed's Discount Window.