Noting that "the need for additional liquidity can arise very quickly often from unintended market activity,'' NAFCU Senior Vice President for Government Affairs B. Dan Berger is asking lawmakers to keep the Central Liquidity Facility's borrowing ceiling at $41 billion.
In a letter to top members of the House and Senate Appropriations Committees, Berger said reducing the ceiling "may prevent the CLF from effectively carrying out its intended function.''
Congress increased the borrowing ceiling in the continuing resolution which funds the government through March 6. Lawmakers are expected to vote on another measure to finance government operations after they return from their recess next week.
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