other · Treasury · Rule · Published 2001-07-18 · Effective 2001-07-18 · 66 FR 37406
Document
Document number
01-17871
Federal Register citation
66 FR 37406
CFR reference
12 CFR 506
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
2001-07-18
Effective date
2001-07-18
Treasury docket
No. 2001-51
Abstract
The Office of Thrift Supervision (OTS) is adopting as final an interim rule that removed the regulation that required a savings association to maintain an average daily balance of liquid assets of at least four percent of its liquidity base, and retained a provision requiring a savings association to maintain sufficient liquidity to ensure its safe and sound operation. The interim rule implemented the statutory repeal of the percentage liquidity requirement.