Knowledge (XXG)

Central Liquidity Facility

Source đź“ť

184: 56:
CLF is organized into five regional branches to serve different states. To become a member, credit unions purchase stock in the Central Liquidity Facility, at an amount equal to 1/2 of 1% of an average of six months of their unimpaired capital and surplus or $ 50 (whichever is greater).
188: 46:. The primary purpose of the CLF is to provide loans to credit unions to meet short or long term liquidity needs. It performs the same general functions for credit unions that the 53:
The Central Liquidity Facility is backed by the credit of the U.S. government. The CLF may borrow up to 12 times its subscribed capital stock and surplus (12 USC 1795f(a)(4)(A)).
222: 42:
The Central Liquidity Facility was created by the U.S. Congress in 1998 with the National Credit Union Central Liquidity Facility Act, Subchapter III of the
227: 27:) is a mixed-ownership United States (U.S.) government corporation created to improve the general financial stability of credit unions by serving as a 83: 36: 172: 133: 35:
experiencing unusual or unexpected liquidity shortfalls. Member credit unions own the CLF which exists within the
108: 43: 88: 232: 78: 61: 47: 205: 39:(NCUA). The President of the CLF manages the facility under the oversight of the NCUA Board. 216: 73: 32: 164: 28: 140: 192: 112: 109:"National Credit Union Administration - Central Liquidity Facility" 8: 100: 134:"Title III—Central Liquidity Facility" 7: 223:Bank regulation in the United States 84:National Credit Union Administration 60:The Central Liquidity Facility is a 37:National Credit Union Administration 228:Credit unions of the United States 14: 16:Credit union of the United States 187: This article incorporates 182: 171:. Legal Information Institute. 1: 173:Cornell University Law School 50:performs for member banks. 249: 175:. Retrieved June 21, 2017. 21:Central Liquidity Facility 193:United States Government 44:Federal Credit Union Act 89:US Central Credit Union 189:public domain material 79:Corporate credit union 62:501(c)(1) organization 48:Federal Reserve System 169:Internal Revenue Code 240: 209: 208: 206:Official website 186: 185: 176: 161: 155: 154: 152: 151: 145: 139:. Archived from 138: 130: 124: 123: 121: 120: 111:. Archived from 105: 248: 247: 243: 242: 241: 239: 238: 237: 213: 212: 204: 203: 200: 183: 180: 179: 162: 158: 149: 147: 146:on June 7, 2007 143: 136: 132: 131: 127: 118: 116: 115:on May 14, 2008 107: 106: 102: 97: 70: 17: 12: 11: 5: 246: 244: 236: 235: 230: 225: 215: 214: 211: 210: 199: 198:External links 196: 178: 177: 165:Section 501(l) 156: 125: 99: 98: 96: 93: 92: 91: 86: 81: 76: 69: 66: 15: 13: 10: 9: 6: 4: 3: 2: 245: 234: 233:Central banks 231: 229: 226: 224: 221: 220: 218: 207: 202: 201: 197: 195: 194: 191:from the 190: 174: 170: 166: 160: 157: 142: 135: 129: 126: 114: 110: 104: 101: 94: 90: 87: 85: 82: 80: 77: 75: 74:Credit unions 72: 71: 67: 65: 63: 58: 54: 51: 49: 45: 40: 38: 34: 33:credit unions 30: 26: 22: 181: 168: 159: 148:. Retrieved 141:the original 128: 117:. Retrieved 113:the original 103: 59: 55: 52: 41: 24: 20: 18: 217:Categories 150:2008-09-05 119:2008-09-05 95:References 31:lender to 29:liquidity 68:See also 144:(PDF) 137:(PDF) 19:The 167:". 25:CLF 219:: 64:. 163:" 153:. 122:. 23:(

Index

liquidity
credit unions
National Credit Union Administration
Federal Credit Union Act
Federal Reserve System
501(c)(1) organization
Credit unions
Corporate credit union
National Credit Union Administration
US Central Credit Union
"National Credit Union Administration - Central Liquidity Facility"
the original
"Title III—Central Liquidity Facility"
the original
Section 501(l)
Cornell University Law School
public domain material
United States Government
Official website
Categories
Bank regulation in the United States
Credit unions of the United States
Central banks

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑