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TREAS/OCC RIN: 1557-AE83 Publication ID: Fall 2020 
Title: ●Regulatory Capital Rule: Money Market Mutual Fund Liquidity Facility 
Abstract:

To provide liquidity to the money market sector to help stabilize the financial system, the Board of Governors of the Federal Reserve System authorized the Federal Reserve Bank of Boston to establish the Money Market Mutual Fund Liquidity Facility (MMLF), pursuant to section 13(3) of the Federal Reserve Act. Under the MMLF, the Federal Reserve Bank of Boston will extend non-recourse loans to eligible financial institutions to purchase certain types of assets from money market mutual funds (MMFs). To facilitate this Federal Reserve lending program, the FRB, OCC and FDIC have adopted a final rule to allow banking organizations to neutralize the regulatory capital effects of participating in the program. This treatment extends to the community bank leverage ratio.

 
Agency: Department of the Treasury(TREAS)  Priority: Economically Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 3   
Legal Authority: 12 U.S.C. 93a    12 U.S.C. 161    12 U.S.C. 1462    12 U.S.C. 1462a    12 U.S.C. 1463    12 U.S.C. 1464    12 U.S.C. 1818    12 U.S.C. 1828(n)    12 U.S.C. 1828 note    12 U.S.C. 1831n note    12 U.S.C. 1835    12 U.S.C. 3907    12 U.S.C. 3909    12 U.S.C. 5412(b)(2)(B)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  03/31/2020  85 FR 16232   
Interim Final Rule Effective  03/20/2020 
Interim Final Rule Comment Period End  05/04/2020 
Final Rule  11/00/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.regulations.gov/docket?D=OCC-2020-0011   Public Comment URL: https://www.regulations.gov/docket?D=OCC-2020-0011  
RIN Data Printed in the FR: No 
Agency Contact:
Carl Kaminski
Assistant Director, Bank Advisory
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-5869
Email: carl.kaminski@occ.treas.gov