Fed Proposes Big Banks Hold More Cash, Assets - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Fed Proposes Big Banks Hold More Cash, Assets

Posted: Updated:
WASHINGTON (AP) - The Federal Reserve on Wednesday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive a severe downturn on par with the 2008 financial crisis.
    
The proposal would subject U.S. banks for the first time to so-called "liquidity" requirements. Liquidity is the ability to access cash quickly.
    
The public has 90 days to comment on the rules, which Fed officials said are stronger than new international standards for banks. The rules would be phased in starting in January 2015.
    
The requirements were mandated by Congress after the financial crisis. They are part of new regulations that are intended to prevent another collapse severe enough to require taxpayer-funded bailouts and threaten the broader financial system.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

HD DOPPLER 6i
/
  • National NewsMore>>

  • Missoula man sentenced to 30 years for sex trafficking

    Missoula man sentenced to 30 years for sex trafficking

    Friday, June 22 2018 12:40 AM EDT2018-06-22 04:40:12 GMT

    BILLINGS, Mont. (AP) - A Missoula man has been sentenced to 30 years in federal prison after authorities say he lured women and girls into the commercial sex trade.  

    More >>

    BILLINGS, Mont. (AP) - A Missoula man has been sentenced to 30 years in federal prison after authorities say he lured women and girls into the commercial sex trade.  

    More >>
  • Infant found at Seattle encampment in protective custody

    Infant found at Seattle encampment in protective custody

    Thursday, June 21 2018 10:26 PM EDT2018-06-22 02:26:37 GMT

    A 5-month-old infant found at a Seattle homeless encampment is in protective custody as police investigate child neglect. Seattle Police said Thursday on its blog that the child was removed in late May from an unsanctioned homeless encampment where people were reportedly using methamphetamine.    

    More >>

    SEATTLE (AP) - A 5-month-old infant found at a Seattle homeless encampment is in protective custody as police investigate child neglect. Seattle Police said Thursday on its blog that the child was removed in late May from an unsanctioned homeless encampment where people were reportedly using methamphetamine.    

    More >>
  • Wyoming Governor signs off on state's first grizzly hunt in 44 years

    Wyoming Governor signs off on state's first grizzly hunt in 44 years

    Thursday, June 21 2018 8:48 PM EDT2018-06-22 00:48:08 GMT

    CHEYENNE, Wyo. (AP) - Wyoming Gov. Matt Mead has signed off on the state's first hunt for grizzly bears in 44 years. Mead approved the rules Thursday that pave the way for the fall hunt, which will be the biggest in the lower 48 states since the U.S. Fish and Wildlife Service removed protections for grizzlies in the Yellowstone region in 2017.    

    More >>

    CHEYENNE, Wyo. (AP) - Wyoming Gov. Matt Mead has signed off on the state's first hunt for grizzly bears in 44 years. Mead approved the rules Thursday that pave the way for the fall hunt, which will be the biggest in the lower 48 states since the U.S. Fish and Wildlife Service removed protections for grizzlies in the Yellowstone region in 2017.    

    More >>