{"id":"AGY-FED-FINANCIAL-041","kind":"order","level":"federal","jurisdiction":"United States; National Credit Union Administration (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"NCUA Board","authority":"12 U.S.C. § 1795f(a); CARES Act § 4016","instrument":"Interim final rule, Central Liquidity Facility, 85 Fed. Reg. 23731 (Apr. 29, 2020)","title":"Central Liquidity Facility","dateIssued":"2020-04-29","effective":"2020-04-29","end":"2020-12-31 (CARES Act sunset of the temporary enhancements; later extended by Congress to Dec. 31, 2021)","startDate":"2020-04-29","endDate":"2020-12-31","quarters":["2020Q2","2020Q3","2020Q4"],"types":["OTHER"],"addressees":["federally insured credit unions and corporate credit unions"],"clause":"[The Board is] issuing this interim final rule to provide credit unions with greater access to liquidity to help ensure they remain [able to meet member needs, implementing the] recently enacted CARES Act, which [enhanced the Facility\u0027s membership and borrowing authority].... [The] CARES Act specifically sunsets these [enhancements] on December 31, 2020.","enforcement":"12 C.F.R. part 725","functions":["OP liquidity","BL","CL"],"notes":"Context: the liquidity backstop Congress and the NCUA built for credit unions facing deposit and lending volatility during the closure orders","sourceUrl":"https://www.govinfo.gov/content/pkg/FR-2020-04-29/pdf/2020-08101.pdf","snapshot":"","fileExists":true,"fileBytes":244055,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-041","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-041","citation":"NCUA Board, Interim final rule, Central Liquidity Facility, 85 Fed. Reg. 23731 (Apr. 29, 2020) (Ex. AGY-FED-FINANCIAL-041)","stateName":"","related":["AGY-FED-FINANCIAL-039","AGY-FED-FINANCIAL-040","AGY-FED-FINANCIAL-044"]}