"We welcome Secretary Bessent and Vice Chair Bowman's leadership in recognizing the need to reassess the current bank liquidity framework, including the costs and benefits of the liquidity coverage ratio and the important role the discount window can play as a source of liquidity. A resilient financial system depends on access to diverse and reliable sources of liquidity, and when the flow of liquidity is unintentionally constrained due to poorly calibrated regulations, households and businesses across the country feel the consequences. We look forward to reviewing any potential changes in detail with our members and continuing to engage constructively with policymakers to ensure the discount window aligns with market practice and meets the needs of banks of all sizes."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $25.3 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.1 trillion in deposits and extend $13.5 trillion in loans.