During its March 24 open board meeting, the NCUA board will vote on a final rule that would allow federal credit unions to invest in bank notes.
The board approved the proposed rule on Oct. 15, 2015. It would eliminate an unintentionally burdensome investment requirement and provide federal credit unions with greater choices when investing in bank notes.
Additionally, the board will provide a quarterly report on the Corporate Stabilization Fund. The Temporary Corporate Credit Union Stabilization Fund received a clean audit opinion from the Office 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. ET to discuss a Share Insurance appeal.
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