National Federation of Independent Business filed 1 comment on this docket between Jun 8, 2020 and Jun 8, 2020. 0 other organizations filed here. The comment window closed 2244d ago.
NFIB (Nat'l Fed'n of Independent Business) comment letter of May 28, 2020, on "Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities," OCC-2020-0019, FED R-1717 and RIN 7100-AF90, and FDIC RIN 3064-AF51, is attached.
To provide liquidity to the money market sector, small business lenders, and the broader credit markets in order to stabilize the financial system, the Board of Governors of the Federal Reserve System (Board) authorized the establishment of the Money Market Mutual Fund Liquidity Facility (MMLF) and the Paycheck Protection Program Liquidity Facility (PPPLF), pursuant to section 13(3) of the Federal Reserve Act. To facilitate use of these Federal Reserve facilities, and to ensure that the effects of their use are consistent and predictable under the Liquidity Coverage Ratio (LCR) rule, the Office of the Comptroller of the Currency, the Board, and the Federal Deposit Insurance Corporation (together, the agencies) are adopting this interim final rule to require banking organizations to neutralize the effect under the LCR rule of participating in the MMLF and the PPPLF.
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