(a) Minimum liquidity coverage ratio requirement. Subject to the transition provisions in subpart F of this part, a Board-regulated institution must calculate and maintain a liquidity coverage ratio that is equal to or greater than 1.0 on each business day in accordance with this part. A Board-regulated institution must calculate its liquidity coverage ratio as of the same time on each business day (elected calculation time). The Board-regulated institution must select this time by written notice to the Board prior to the effective date of this rule. The Board-regulated institution may not thereafter change its elected calculation time without prior written approval from the Board.
(b) Calculation of the liquidity coverage ratio. A Board-regulated institution's liquidity coverage ratio equals:
(1) The Board-regulated institution's HQLA amount as of the calculation date, calculated under subpart C of this part; divided by
(2) The Board-regulated institution's total net cash outflow amount as of the calculation date, calculated under subpart D of this part.