# Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets
> **US Federal Reserve System** · Final rule. · Published 2019-06-05 · Effective 2019-07-05 · 84 FR 25975
## Document
- **Document number:** 2019-11715
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 84 FR 25975
- **CFR reference:** 12 CFR 50
- **Publication date:** 2019-06-05
- **Effective date:** 2019-07-05
- **Docket:** Docket ID OCC-2018-0013
## Abstract

The OCC, the Board, and the FDIC (collectively, the agencies) are jointly adopting as a final rule, without change, the August 31, 2018, interim final rule, which amended the agencies' liquidity coverage ratio (LCR) rule to treat liquid and readily-marketable, investment grade municipal obligations as high-quality liquid assets. This treatment was mandated by section 403 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2019/06/05/2019-11715/liquidity-coverage-ratio-rule-treatment-of-certain-municipal-obligations-as-high-quality-liquid)
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