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FHLBs Tell NCUA They Can Provide CUs with Emergency Liquidity

Presidents of 12 Federal Home Loan Banks urge NCUA Board to consider them as an option to the CLF or Fed's Discount Window.

By Heather Anderson | Updated on February 04, 2013

The presidents of the 12 Federal Home Loan Banks are urging NCUA Board Chairman Debbie Matz and Member Michael Fryzel to consider the banks as an option for the regulator’s pending final emergency liquidity rule.

The proposed rule requires credit unions with more than $100 million in assets to establish emergency liquidity relationships with one of two providers: the NCUA’s Central Liquidity Facility or the Federal Reserve’s Discount Window.

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