During its March 24 open board meeting, the NCUA board will vote on a final rule that would allow federalcredit unions to invest in bank notes.
The board approved the proposed rule on Oct. 15, 2015. It wouldeliminate an unintentionally burdensome investment requirement andprovide federal credit unions with greater choices when investingin bank notes.
Additionally, the board will provide a quarterly report on theCorporate Stabilization Fund. The Temporary Corporate CreditUnion Stabilization Fund received a clean audit opinion from theOffice of the Inspector General for the period ending Dec. 31,2015, according to a report released March 1.
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