National Credit Union Administration October 22, 2015 – Federal Register Recent Federal Regulation Documents

Investment and Deposit Activities-Bank Notes
Document Number: 2015-26788
Type: Proposed Rule
Date: 2015-10-22
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) proposes to amend the maturity requirement for bank notes to be permissible investments for federal credit unions (FCUs) by removing the word ``original'' from the current requirement that bank notes have ``original weighted average maturities of less than 5 years.'' This amendment will provide regulatory relief for FCUs.