(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,
available stable funding amounts and required stable funding 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 net stable funding
ratio calculated under section 249.100(b).
(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 and assets securing the covered Federal Reserve facility
funding are not subject to paragraph (a) of this section and the available
stable funding amount and required stable funding amount must be included
in the Board-regulated institution’s net stable funding ratio calculated
under section 249.100(b).
