An official website of the United States government
OCC Bulletin 2023-25
July 28, 2023
Share This Page:
Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and National Credit Union Administration (collectively, the agencies1) are issuing an addendum to the “Interagency Policy Statement on Funding and Liquidity Risk Management” issued March 22, 2010. The addendum reminds banks2 of the importance of maintaining, assessing, and testing their contingency funding plans as part of their liquidity risk management program and activities.
This addendum applies to community banks.
The events of the first half of 2023 have further underscored the importance of liquidity risk management and contingency funding planning. The addendum highlights the importance of contingency funding plans to promote the availability of adequate sources of funding in times of stress, including that banks
Please contact the Treasury and Market Risk Policy Division at (202) 649-6360.
Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy
1 The federal financial regulatory agencies are the OCC, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, and the National Credit Union Administration.
2 “Banks” refers collectively to national banks, federal savings associations, and federal branches and agencies of foreign banking organizations.