Joint Release
Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of Thrift Supervision
National Credit Union Administration
For Immediate Release June 30, 2009
Agencies Seek Comment on Proposed Interagency Guidance on Funding
and Liquidity Risk Management
Washington — The federal bank, thrift, and credit union regulatory agencies are seeking
comment on the proposed Interagency Guidance on Funding and Liquidity Risk
Management.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal
Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift
Supervision, and the National Credit Union Administration are issuing this guidance to
communicate consistent expectations on sound practices for the management of
funding and liquidity risks, and to strengthen liquidity risk-management practices. This
guidance brings the agencies' liquidity risk principles into alignment with the
international guidance issued in September 2008 by the Basel Committee on Banking
Supervision titled, Principles for Sound Liquidity Risk Management and Supervision1.
Recent turmoil in the financial markets emphasizes the importance of good liquidity risk
management for the safety and soundness of financial institutions. The proposed
guidance emphasizes the importance of cash flow projections, diversified funding
sources, stress testing, a cushion of liquid assets, and a formal, well-developed
contingency funding plan for measuring, monitoring, and managing liquidity risk. The
proposed guidance, when finalized, will apply to all domestic financial institutions,
including banks, thrifts, and credit unions.
The agencies are requesting comments on all aspects of the proposed guidance, which
will be published in the Federal Register. Comments are due within 60 days after
publication in the Federal Register.
# # #
Attachment:
Proposed Interagency Guidance – Funding and Liquidity Risk Management - PDF 420k
(PDF Help)
Media Contacts:
OCC Dean DeBuck (202) 874-5770
Federal Reserve Barbara Hagenbaugh (202) 452-2955
FDIC David Barr (202) 898-6992
OTS William Ruberry (202) 906-6677
NCUA Cherie Umbel (703) 518-6337
FDIC-PR-107-2009
Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of Thrift Supervision
National Credit Union Administration
For Immediate Release June 30, 2009
Agencies Seek Comment on Proposed Interagency Guidance on Funding
and Liquidity Risk Management
Washington — The federal bank, thrift, and credit union regulatory agencies are seeking
comment on the proposed Interagency Guidance on Funding and Liquidity Risk
Management.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal
Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift
Supervision, and the National Credit Union Administration are issuing this guidance to
communicate consistent expectations on sound practices for the management of
funding and liquidity risks, and to strengthen liquidity risk-management practices. This
guidance brings the agencies' liquidity risk principles into alignment with the
international guidance issued in September 2008 by the Basel Committee on Banking
Supervision titled, Principles for Sound Liquidity Risk Management and Supervision1.
Recent turmoil in the financial markets emphasizes the importance of good liquidity risk
management for the safety and soundness of financial institutions. The proposed
guidance emphasizes the importance of cash flow projections, diversified funding
sources, stress testing, a cushion of liquid assets, and a formal, well-developed
contingency funding plan for measuring, monitoring, and managing liquidity risk. The
proposed guidance, when finalized, will apply to all domestic financial institutions,
including banks, thrifts, and credit unions.
The agencies are requesting comments on all aspects of the proposed guidance, which
will be published in the Federal Register. Comments are due within 60 days after
publication in the Federal Register.
# # #
Attachment:
Proposed Interagency Guidance – Funding and Liquidity Risk Management - PDF 420k
(PDF Help)
Media Contacts:
OCC Dean DeBuck (202) 874-5770
Federal Reserve Barbara Hagenbaugh (202) 452-2955
FDIC David Barr (202) 898-6992
OTS William Ruberry (202) 906-6677
NCUA Cherie Umbel (703) 518-6337
FDIC-PR-107-2009