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.
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Investment and Deposit Activities-Bank Notes
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''...
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80 FR 63932
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“Investment and Deposit Activities-Bank Notes,” thefederalregister.org (October 22, 2015), https://thefederalregister.org/documents/2015-26788/investment-and-deposit-activities-bank-notes.