(a) Calculation of liquidity coverage ratio. A Board-regulated institution
subject to this subpart must calculate and maintain a liquidity coverage
ratio in accordance with section 249.10 and this subpart, provided
however, that such Board-regulated institution shall only be required
to maintain a liquidity coverage ratio that is equal to or greater
than 1.0 on last business day of the applicable calendar month. A
Board-regulated institution subject to this subpart must calculate
its liquidity coverage ratio as of the same time on each calculation
day (elected calculation time). The Board-regulated institution must
select this time by written notice to the Board prior to the effective
date of this rule. The Board-regulated institution may not thereafter
change its elected calculation time without prior written approval
from the Board.
(b) Transitions. For any Board-regulated institution subject to a minimum liquidity
standard under this subpart:
(1) Beginning January 1, 2016, through
December 31, 2016, the Board-regulated institution must calculate
and maintain a liquidity coverage ratio monthly, on each calculation
date, in accordance with this subpart, that is equal to or greater
than 0.90.
(2) Beginning
January 1, 2017 and thereafter, the Board-regulated institution must
calculate and maintain a liquidity coverage ratio monthly, on each
calculation date, in accordance with this subpart, that is equal to
or greater than 1.0.
