OVERLAND PARK, Kansas – At its Aug. 31 board meeting, the U.S. Central Board unanimously voted to dissolve the CLF Interface Committee. The purpose of that committee has been to advise the CLF and U.S. Central on how best to utilize the CLF to assist corporates in meeting liquidity demand. However, in recent history, according to U.S. Central, aside from some "modest" activity surrounding the Y2K computer situation, there has been almost no CLF lending to corporates, and the committee has not met regularly. The U.S. Central Board decided to transfer CLF liquidity planning to its A/L Product Council.
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