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.
|The meeting is slated for March 24 at 10 a.m. ET.
|Additionally, the board will hold a closed meeting at 11 a.m. ETto discuss a Share Insurance appeal.
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