According to a report appearing on CUNA News (Tuesday, October 25), NCUA is advising its examiners to temporarily engage in capital forbearance due to the possible inflow of deposits.
The guidance was issued to examiners in preparation of Bank Transfer Day.
CUNA News reported that NCUA told its examiners that the inflow of new funds could depress the net worth ratios of credit unions. The agency, according to the news report, noted that the call report allows credit unions alternative ways to calculate their net worth ratios.
If anyone has seen this guidance from NCUA, please forward it to me so that I can publish the document.
Here it is:
ReplyDeletehttp://www.fdic.gov/bank/historical/reshandbook/ch6altvs.pdf
No, wait, whoops. That link is for one of the many histories on FDIC's bank capital and Net Worth forbearance, monkey-business and squishy resolutions.
LOL! Oopsee ABA!
ReplyDeleteRE: "If anyone has seen this guidance from NCUA, please forward it to me so that I can publish the document."
ReplyDeleteI can get it from my contacts, by why bother, since you and others from the ABA are not following up on other leads about the NCUA.