(a) Treatment of covered Federal
Reserve facility funding. Notwithstanding any other section of
this part and except as provided in paragraph (b) of this section,
outflow amounts and inflow amounts related to covered Federal Reserve
facility funding and the assets securing covered Federal Reserve facility
funding are excluded from the calculation of a Board-regulated institution’s
total net cash outflow amount calculated under section 249.30.
(b) Exception. To the extent the
covered Federal Reserve facility funding is secured by securities,
debt obligations, or other instruments issued by the Board-regulated
institution or one of its consolidated subsidiaries, the covered Federal
Reserve facility funding is not subject to paragraph (a) of this section
and this outflow amount must be included in the Board-regulated institution’s
total net cash outflow amount calculated under section 249.30.
