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TREAS/OCC

RIN: 1557-AE36

Publication ID: Spring 2019

Title: Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as Level 2B High-Quality Liquid Assets
Abstract: To implement section 403 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, the OCC, FRB, and FDIC issued an interim final rule that added investment-grade municipal obligations to the list of permitted assets for high-quality liquid assets (HQLA), as defined in the agencies’ Liquidity Coverage Ratio (LCR) rules.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
EO 13771 Designation: Deregulatory
CFR Citation: 12 CFR 50
Legal Authority: 12 U.S.C. 1 et seq. 12 U.S.C. 93a 12 U.S.C. 481 12 U.S.C. 1818 12 U.S.C. 1828 12 U.S.C. 1462 et seq.

Legal Deadline:

Action	Source	Description	Date
Final	Statutory	Amend existing final rules to implement amendments.	08/22/2018

Timetable:

Action	Date	FR Cite
Interim Final Rule	08/31/2018	83 FR 44451
Interim Final Rule Effective	08/31/2018
Interim Final Rule Comment Period End	10/01/2018
Final Rule	05/00/2019

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: https://www.regulations.gov/docket?D=OCC-2018-0013	Public Comment URL: https://www.regulations.gov/docket?D=OCC-2018-0013
RIN Data Printed in the FR: No
Agency Contact: Daniel Perez Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6718 Email: daniel.perez@occ.treas.gov Henry Barkhausen Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-7191 Email: henry.barkhausen@occ.treas.gov