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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Press Releases

Joint Release

For Immediate Release
August 22, 2018

Agencies Issue Interim Final Rule Regarding the Treatment of Certain Municipal Securities as High-Quality Liquid Assets

WASHINGTON—Three federal banking agencies today issued an interim final rule amending the agencies' liquidity rules to treat certain eligible municipal securities as high-quality liquid assets, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 (EGRRCPA).

The EGRRCPA requires the agencies to treat a municipal obligation as a high-quality liquid asset (HQLA) under their liquidity coverage ratio rules if that obligation is considered "liquid and readily-marketable" and "investment grade."

This interim final rule takes effect upon publication in the Federal Register and comments will be accepted for 30 days after the interim final rule's publication in the Federal Register.

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Attachment:
Media Contacts:
Federal Reserve Darren Gersh (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Bryan Hubbard (202) 649-6870

FDIC: PR-49-2018

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