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FRS RIN: 7100-AF79 Publication ID: Spring 2021 
Title: Regulation Q--Treatment of Certain Emergency Facilities in the Regulatory Capital Rule and the Liquidity Coverage Ratio Rule (Docket No: R-1705) 
Abstract:

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the Agencies) are adopting as final the revisions to the regulatory capital rule and the liquidity coverage ratio (LCR) rule made under three interim final rules published in the Federal Register on March 23, April 13, and May 6, 2020.  The Agencies are adopting these interim final rules as final with no changes.  Under this final rule, banking organizations may continue to neutralize the regulatory capital effects of participating in the Money Market Mutual Fund Liquidity Facility (MMLF) and the Paycheck Protection Program Liquidity Facility (PPPLF), and are required to continue to neutralize the LCR effects of participating the MMLF and the PPPLF.  In addition, Paycheck Protection Program loans will receive a zero percent risk weight under the Agencies' regulatory capital rules.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 217    12 CFR 249   
Legal Authority: 12 U.S.C. 343    12 U.S.C. 553   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule Effective  03/23/2020 
Board Adopted Interim Final Rule  03/23/2020  85 FR 16232   
Board Adopted Interim Final Rule (PPPLE Capital)  04/13/2020  85 FR 20387   
Interim Final Rule Effective (PPPLF Capital)  04/13/2020 
Board Adopted Interim Final Rule (MMLF/PPPLF Liquidity Coverage Ratio  05/06/2020  85 FR 26835   
Interim Final Rule Effective (MMLF/PPPLF Liquidity Coverage Ratio)  05/06/2020 
Board Adopted Final Rules  10/28/2020  85 FR 68243   
Final Action Effective  12/28/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Anna Lee Hewko
Associate Director
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 530-6260

Constance Horsley
Deputy Associate Director
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 452-5239

Juan Climent
Assistant Director
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 872-7526

Kathryn Ballintine
Manager
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 452-2555

J. Kevin Littler
Lead Financial Institution Policy Analyst
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 475-6677

Devyn Jeffereis
Senior Financial Institution Policy Analyst
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 365-2467

Brendan Rowan
Senior Financial Institution Policy Analyst
Federal Reserve System
Division of Supervisioini and Regulation,
Washington, DC 20551
Phone:202 475-6685

Benjamin McDonough
Associate General Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2036

David Alexander
Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2877

Steve Bowne
Senior Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3900

Jason Shafer
Senior Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 728-5811

Laura Bain
Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 736-5546

Jeffrey Zhang
Attorney
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 736-1968