WASHINGTON (AP) - The Federal Reserve on Wednesday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive a severe downturn on par with the 2008 financial crisis.
The proposal would subject U.S. banks for the first time to so-called "liquidity" requirements. Liquidity is the ability to access cash quickly.
The public has 90 days to comment on the rules, which Fed officials said are stronger than new international standards for banks. The rules would be phased in starting in January 2015.
The requirements were mandated by Congress after the financial crisis. They are part of new regulations that are intended to prevent another collapse severe enough to require taxpayer-funded bailouts and threaten the broader financial system.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Thursday, December 5 2013 9:19 PM EST2013-12-06 02:19:22 GMT
UPDATE: On Thursday two people were arrested after a high speed chase. It ended in the area of 13th & Lindeke near Hwy. 195.>>
UPDATE: On Thursday two people were arrested after a high speed chase. It ended in the area of 13th & Lindeke near Hwy. 195. Spokane County Sheriff's Deputies tell KHQ that the male driver rammed at least 2 patrol vehicles before being taken into custody. >>>SEND BREAKING NEWS PHOTOS TO PIX@KHQ.COM| >>
Friday, December 6 2013 2:18 PM EST2013-12-06 19:18:21 GMT
KHQ.COM - We all know that passwords protect our personal accounts and information. >>
KHQ.COM - We all know that passwords protect our personal accounts and information. However it's important to make sure that your password is unique and difficult to prevent people and software programs from figuring it out.>>
Tuesday afternoon the North Idaho Violent Crimes Task Force arrested 22-year-old Michael Anthony Sanchez in connection with the robbery of the Dominos Pizza that happened in Hayden back on November 15th. In a press release issued Thursday afternoon, the Kootenai County Sheriff's Office did not elaborate on details of the arrest.>>