On February 10, the Fed, OCC and FDIC rescinded public FAQs from October 2017 related to the 2014 Liquidity Coverage Ratio (LCR) rule (covered by InfoBytes here), leaving the FAQs online while signaling plans to seek public comment on the issues and potential regulatory changes in the future. The agencies emphasized that neither the FAQs nor their withdrawal altered the existing LCR rule, which sets quantitative liquidity requirements aligned with Basel Committee standards, but that, to the extent institutions relied on the FAQs to confirm or clarify the LCR rule’s requirements, they may continue to do so. The FAQs compiled responses from agency staff to industry questions about applying the rule in real-world scenarios, providing detailed interpretations on matters such as calculating outflow rates for liquidity facilities and trust deposits, determining maturity for securities with contingency call options, and assessing eligibility of assets like foreign central bank reserves as high-quality liquid assets.