United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2018_register executive 2019-04-02 article Rules and Regulations D09002ee1c7e1d175 D09002ee1c7e1f0eb United States Department of the Treasury originator org United States Government Agency or Subagency United States Office of the Comptroller of the Currency originator org United States Government Agency or Subagency United States Federal Reserve System originator org United States Government Agency or Subagency United States Federal Deposit Insurance Corporation originator org United States Government Agency or Subagency The OCC, the Board, and the FDIC (collectively, the agencies) are jointly issuing and inviting comment on an interim final rule that amends the agencies' liquidity coverage ratio (LCR) rule to treat liquid and readily-marketable, investment grade municipal obligations as high-quality liquid assets (HQLA). Section 403 of the Economic Growth, Regulatory Relief, and Consumer Protection Act amends section 18 of the Federal Deposit Insurance Act and requires the agencies, for purposes of their LCR rule and any other regulation that incorporates a definition of the term "high-quality liquid asset" or another substantially similar term, to treat a municipal obligation as HQLA (that is a level 2B liquid asset) if that obligation is, as of the LCR calculation date, "liquid and readily-marketable" and "investment grade." 83 FR 44451 https://www.govinfo.gov/app/details/FR-2018-08-31/2018-18610 2018-18610 fr31au18-2 RIN 1557-AE36 RIN 7100-AF10 RIN 3064-AE77 4810-33-P; 6210-01-P; 6714-01-P Docket ID OCC-2018-0013 Docket No. R-1616 https://www.govinfo.gov/app/details/FR-2018-08-31/2018-18610 https://www.govinfo.gov/content/pkg/FR-2018-08-31/html/2018-18610.htm https://www.govinfo.gov/content/pkg/FR-2018-08-31/pdf/2018-18610.pdf Federal Reserve System Holding Companies Federal Deposit Insurance Corporation Fdic Administrative Practice and Procedure Banks Banking Liquidity Reporting and Recordkeeping Requirements Savings Associations 5 p. 44451 44455 83 FR 44451 Title 12 Part 249 12 CFR Part 249 Title 12 Part 329 12 CFR Part 329 Title 12 Part 50 12 CFR Part 50 RIN 1557-AE36 RIN 7100-AF10 RIN 3064-AE77 Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets; Federal Register Vol. 83, Issue RULE 2018-18610 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION 2018-08-31 2018-10-01 Docket ID OCC-2018-0013 Docket No. R-1616 4810-33-P; 6210-01-P; 6714-01-P 2018-18610 Interim final rule with request for comment.

The OCC, the Board, and the FDIC (collectively, the agencies) are jointly issuing and inviting comment on an interim final rule that amends the agencies' liquidity coverage ratio (LCR) rule to treat liquid and readily-marketable, investment grade municipal obligations as high-quality liquid assets (HQLA). Section 403 of the Economic Growth, Regulatory Relief, and Consumer Protection Act amends section 18 of the Federal Deposit Insurance Act and requires the agencies, for purposes of their LCR rule and any other regulation that incorporates a definition of the term "high-quality liquid asset" or another substantially similar term, to treat a municipal obligation as HQLA (that is a level 2B liquid asset) if that obligation is, as of the LCR calculation date, "liquid and readily-marketable" and "investment grade."

The interim final rule is effective on August 31, 2018. Comments on the interim final rule must be received by October 1, 2018. OCC: Christopher McBride, Director, James Weinberger, Technical Expert, or Ang Middleton, Bank Examiner (Risk Specialist), (202) 649- 6360, Treasury & Market Risk Policy; David Stankiewicz, Special Counsel, Securities and Corporate Practices Division, (202) 649-5510; Henry Barkhausen, Counsel, or Daniel Perez, Attorney, Legislative and Regulatory Activities Division, (202) 649-5490; for persons who are deaf or hearing-impaired, TTY, (202) 649-5597, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. Federal Reserve System Holding Companies Federal Deposit Insurance Corporation Fdic Administrative Practice and Procedure Banks Banking Liquidity Reporting and Recordkeeping Requirements Savings Associations Liquidity Coverage Ratio: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets , comments@FDIC.gov regs.comments@federalreserve.gov regs.comments@occ.treas.gov sudawley@fdic.gov http://www.FDIC.gov/regulations/laws/federal/ http://www.federalreserve.gov http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm Regulations.gov www.regulations.gov Vol. 83, no. 170 Office of the Federal Register, National Archives and Records Administration 2018-08-31 continuing daily deposited born digital 375 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2018-08-31 P0b002ee1a03a55fc 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr31au18 https://www.govinfo.gov/app/details/FR-2018-08-31 https://www.govinfo.gov/content/pkg/FR-2018-08-31/pdf/FR-2018-08-31.pdf https://www.govinfo.gov/content/pkg/FR-2018-08-31/xml/FR-2018-08-31.xml fdlp 44449 44813 DGPO 2019-04-02 2024-06-01 FR-2018-08-31 machine generated eng FR FR-2018-08-31 83 170