What is the National Liquidity Facility (NLF)?
The National Liquidity Facility exists within the National Credit Union Administration (NCUA), which serves as a federal agency responsible for the jurisdiction over the National Liquidity Facility; the NLF serves to not only regulate, but also to provide the oversight of all matters and affairs regarding credit through the provision of insurance in order financial disaster.
NLF Quick Facts
Independent Federal Agencies are typically without a single director or executive; in contrast, independent government agencies – such as the NLF – are overseen by an executive directorial board; due to this fact, the Executive Branch retains less managerial oversight of the NLF than its agency counterparts. Although the President of the United States retains administrative jurisdiction over the NLF, the presence of a committee of directors allows for a decreased executive authority over hiring, staffing, and administration. The following details outline the structuring of the NLF:
The headquarters of the NLF are located in Alexandria, Virginia
Both the NCUA and the NLF share an administration board; currently, this board consists of 1 president, 2 vice presidents, and 2 loan officers – J. Owen Cole, Jr. serves as the current president of both the NLF and the NCUA
Independent Government Agencies
While non-independent government agencies are classified as existing under the jurisdiction of the Executive, Legislative, and Judicial branches, the NLF – as well as the bulk of independent government agencies – are under varying degrees of the Executive branch’s jurisdiction:
Issues and Affairs Undertaken by the NLF
The foundation of the NLF was implemented in order to address matters concerning credit unions and liquid assets; the following legal and administrative matters and affairs are most commonly related to the operation of the NLF:
Liquidity is defined as the value of an asset reflecting a set amount of worth subsequent to its prospective sale or exchange; in contrast to traditional asset valuation, which conveys the gross value of an asset while in possession of an individual or a financial institution, liquidity – monitored by the NLF – addresses a specified, monetary equivalent value with regard to its sale
NLF: Legal Information and Further Assistance
The operation and administration of the NLF resides under the jurisdiction of the legal field classified as Administrative Law; this genre of law is primarily associated with events and circumstances in which the Federal Government of the United States engages its citizens, including the administration of government programs, the administration and operation of government agencies, and the establishment of a legal, regulatory federal standard – you can