{"id":"AGY-FED-FINANCIAL-007","kind":"order","level":"federal","jurisdiction":"United States; Federal Reserve Board, FDIC and OCC (federal interagency)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"Board of Governors, FDIC and OCC","authority":"capital and liquidity rules cited","instrument":"Interagency Statement on the Use of Capital and Liquidity Buffers","title":"Statement on the Use of Capital and Liquidity Buffers","dateIssued":"2020-03-17","effective":"2020-03-17","end":"Not rescinded within the period","startDate":"2020-03-17","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["banking organizations subject to the capital and liquidity rules"],"clause":"[The agencies encourage] banking organizations to use their capital and liquidity buffers as they respond to the challenges [presented by the effects of the coronavirus].","enforcement":"Supervisory; capital and liquidity rules","functions":["BL business lending","CL consumer lending","OP capital planning"],"notes":"Context: the agencies\u0027 finding that the pandemic was a stress warranting use of buffers","sourceUrl":"https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20200317a1.pdf","snapshot":"","fileExists":true,"fileBytes":37910,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-007","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-007","citation":"Board of Governors, FDIC and OCC, Interagency Statement on the Use of Capital and Liquidity Buffers (Mar. 17, 2020) (Ex. AGY-FED-FINANCIAL-007)","stateName":"","related":[]}