§ 3.302. Exposures related the Money Market Mutual Fund Liquidity Facility.
104 words·~1 min read·
/us/cfr/t12/s§ 3.302·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other section of this part, a national bank or federal savings association may exclude exposures acquired pursuant to a non-recourse loan that is provided as part of the Money Market Mutual Fund Liquidity Facility, announced by the Board on March 18, 2020, from total leverage exposure, average total consolidated assets, advanced approaches total risk-weighted assets, and standardized total risk-weighted assets, as applicable. For the purpose of this provision, a national bank's or federal savings association's liability under the facility must be reduced by the purchase price of the assets acquired with funds advanced from the facility. [85 FR 16236, Mar. 23, 2020]