Liquidity plan. (1) For the period during which a national bank or Fed- eral savings association must calculate a liquidity coverage ratio on the last business day of each applicable cal- endar month under subpart F of this part, if the national bank’s or Federal savings association’s liquidity cov- erage ratio is below the minimum re- quirement in § 50.10 for any calculation date that is the last business day of the applicable calendar month, or if the OCC has determined that the national bank or Federal savings association is otherwise materially noncompliant with the requirements of this part, the national bank or Federal savings asso- ciation must promptly consult with the OCC to determine whether the na- tional bank or Federal savings associa- tion must provide to the OCC a plan for achieving compliance with the min- imum liquidity requirement in § 50.10 and all other requirements of this part. (2) For the period during which a na- tional bank or Federal savings associa- tion must calculate a liquidity cov- erage ratio each business day under subpart F of this part, if a national bank’s or Federal savings association’s liquidity coverage ratio is below the minimum requirement in § 50.10 for three consecutive business days, or if the OCC has determined that the na- tional bank or Federal savings associa- tion is otherwise materially non- compliant with the requirements of this part, the national bank or Federal savings association must promptly pro- vide to the OCC a plan for achieving compliance with the minimum liquid- ity requirement in § 50.10 and all other requirements of this part.
Appears in 5 contracts
Samples: Arbitration Agreement, Arbitration Agreement, Arbitration Agreement
