Federal Reserve Finalizes Rule Adding Certain Investment Grade General Obligation State And Local Municipal Bonds To Types Of Assets Big Banks May Hold To Meet Liquidity Needs During Time Of Financial Stress

The Federal Reserve Board on Friday finalized a rule to include certain U.S. general obligation state and municipal securities in the range of assets large banking organizations may use to satisfy regulatory requirements designed to ensure that these banking organizations have the capacity to meet their liquidity needs during a period of financial stress.