Liquidity

PURPOSE: This rule establishes the minimum amount of liquid assets required to be maintained by associations. (1) Liquid Assets Defined. Liquid assets shall include cash on hand and in deposits with banks, including Federal Home Loan Banks, and such other assets as may be determined from time-to-time to qualify under the rules of the federal regulatory agency for associations insured by the Federal Deposit Insurance Corporation. (2) Associations shall maintain an average daily balance of liquid assets as required from time-to-time by applicable federal regulations for insured associations. For purposes of section 369.224, RSMo, an association shall maintain at a minimum an average daily balance of liquid assets not less than four percent (4%) of the average daily balance of its liquidity base during the preceding calendar month, or such other minimum that the director in his/her discretion may set on a case-bycase basis. AUTHORITY: sections 369.014, 369.299 and 369.224, RSMo 1994.* This rule originally filed as 4 CSR 260-5.020. This rule previously filed as 4 CSR 140-17.020. Original rule filed Sept. 28, 1971, effective Oct. 8, 1971. Amended: Filed Dec. 13, 1974, effective Dec. 23, 1974. Rescinded and readopted: Filed July 14, 1978, effective Nov. 13, 1978. Amended: Filed Nov. 4, 1986, effective Jan. 30, 1987. Changed to 4 CSR 140-17.020, effective July 6, 1994. Amended: Filed Nov. 8, 1994, effective March 30, 1995. Moved to 20 CSR 1140-17.020, effective Aug. 28, 2006. *Original authority: 369.014, RSMo 1971, amended 1982, 1986, 1994; 369.224, RSMo 1971, amended 1983, 1989, 1994; and 369.299, RSMo 1971, amended 1994.