[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR725.23]



[Page 594]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 725_NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY

--Table of Contents

 

Sec. 725.23  Other advances.



    (a) The NCUA Board may authorize extensions of credit to members of 

the Facility for purposes other than liquidity needs if the NCUA Board, 

the Board of Governors of the Federal Reserve System, and the Secretary 

of the Treasury concur in a determination that such extensions of credit 

are in the national economic interest.

    (b) Extensions of credit approved under the conditions of paragraph 

(a) of this section shall be subject to such terms and conditions as 

shall be established by the NCUA Board.