National Credit Union Administration August 1, 2007 – Federal Register Recent Federal Regulation Documents

Permissible Foreign Currency Investments for Federal Credit Unions and Corporate Credit Unions
Document Number: E7-14849
Type: Proposed Rule
Date: 2007-08-01
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is considering whether to amend its investment rules to permit natural person federal credit unions (FCUs) and corporate credit unions (corporates) to make certain investments denominated in foreign currency. NCUA seeks comment on whether FCUs and corporates should be permitted to make these investments and the safety and soundness considerations related to such authority.