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TREAS/OCC

RIN: 1557-AD15

Publication ID: Spring 2009

Title: ●Risk-Based Capital Guidelines; Money Market Mutual Funds
Abstract: To reduce liquidity and other strains being experienced by money market mutual funds, the FRB adopted on September 19, 2008, a special lending facility that enables depository institutions and bank holding companies to borrow from the Federal Reserve Bank of Boston on a nonrecourse basis if they use the proceeds of the loan to purchase certain types of asset-backed commercial paper (ABCP) from money market mutual funds. This lending facility is referred to as the ABCP Lending Facility. To facilitate the ability of national banks to participate in the program, the OCC has adopted, on an interim final basis, an exemption from its risk-based capital guidelines for ABCP held by a national bank as a result of its participation in this program.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 3
Legal Authority: 12 USC 93a 12 USC 161 12 USC 1818 12 USC 1828(n) 12 USC 1828 note 12 USC 1831n note 12 USC 1835 12 USC 3907 12 USC 3909

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Interim Final Rule Effective	09/19/2008
Interim Final Rule	09/25/2008	73 FR 55704
Interim Final Rule Comment Period End	10/31/2008
Final Action	03/27/2009	74 FR 13336

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Hugh Carney Attorney Department of the Treasury Comptroller of the Currency 250 E Street SW., Washington, DC 20219 Phone:202 874-4624 Email: hugh.carney@occ.treas.gov