The FDIC adopted a final rule that will rescind regulations concerning the fiduciary powers of state savings associations and amend regulations regarding consent requirements for the exercise of trust powers.
News & Insights
The Federal Reserve Board, Office of the Comptroller of the Currency and FDIC final rule to modify the agencies' liquidity coverage ratio rule was published in the Federal Register.
The Board of Governors of the Federal Reserve System adopted amendments to add certain general obligation state and municipal bonds to the range of assets that qualify as high-quality liquid assets.
The Board of Governors of the Federal Reserve System adopted a final rule to amend its liquidity coverage ratio rule to include certain U.S. municipal securities as high-quality liquid assets.
The Board of Governors of the Federal Reserve System ("FRB") released a proposal to add certain general obligation state and municipal bonds to the range of assets that qualify as high-quality liquid assets ("HQLA"). The proposed rule would treat investment-grade general obligation U.S. state and municipal bonds as HQLA up to certain levels if they met the same liquidity criteria that apply currently to corporate debt securities. The FRB stated that limits on the amount of a qualifying state or municipality's bonds are based on the specific liquidity characteristics of those bonds.