Bank Capital Relief and Related Emergency Policy Measures
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- On March 17, 2020, the federal banking agencies adopted an interim final rule that adjusts their capital buffer rules that make the automatic limitations on capital distributions and certain discretionary payments more gradual. The agencies also issued a statement encouraging banking organizations to use their capital and liquidity buffers.
- The interim final rule and statement accompany the announcement of a series of emergency policy measures by the Federal Reserve intended as a response to the disruptions in economic and financial market conditions caused by the coronavirus disease 2019 (COVID-19).