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Ex. AGY-FED-FINANCIAL-007 Order Primary source read

Interagency Statement on the Use of Capital and Liquidity Buffers

Statement on the Use of Capital and Liquidity Buffers

Board of Governors, FDIC and OCC · United States; Federal Reserve Board, FDIC and OCC (federal interagency) (Federal)

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The COVID Project

The record

Jurisdiction
United States; Federal Reserve Board, FDIC and OCC (federal interagency)
Level
Federal
Authority
capital and liquidity rules cited
Issued
2020-03-17 Mar. 17, 2020
Effective
2020-03-17
End
Not rescinded within the period (read as 2021-09-30)
In force
Mar. 17, 2020 to Sept. 30, 2021
Quarters
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
Limitation types
Other
Addressees
  • banking organizations subject to the capital and liquidity rules
Functions reached
  • BL business lending
  • CL consumer lending
  • OP capital planning
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

[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

Notes

Context: the agencies' finding that the pandemic was a stress warranting use of buffers

Retrieval note

Bracketed words paraphrase the surrounding sentence; the quoted words are the statement's.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.