Table to § 652.40(c)
Liquidity level | Instruments | Discount (multiply market value by) |
Level 1 | Cash, including cash due from traded but not yet settled debt | 100 percent. |
Overnight money market instruments, including repurchase agreements secured exclusively by Level 1 investments | 100 percent. | |
Obligations of U.S. Government agencies with a final remaining maturity of 3 years or less | 97 percent. | |
GSE senior debt securities that mature within 60 days, excluding securities issued by the Farm Credit System | 95 percent. | |
Diversified investment funds comprised exclusively of Level 1 instruments | 95 percent. | |
Level 2 | Additional Level 1 investments | Discount for each Level 1 investment applies. |
Obligations of U.S. Government agencies with a final remaining maturity of more than 3 years | 97 percent. | |
MBS that are fully guaranteed by a U.S. Government agency | 95 percent. | |
Diversified investment funds comprised exclusively of Level 1 and 2 instruments | 95 percent. | |
Level 3 | Additional Level 1 or Level 2 investments | Discount for each Level 1 or Level 2 investment applies. |
GSE senior debt securities with maturities exceeding 60 days, excluding senior debt securities of the Farm Credit System | 93 percent for all instruments in Level 3. | |
MBS that are fully guaranteed by a GSE as to the timely repayment of principal and interest | ||
Money market instruments maturing within 90 days | ||
Diversified investment funds comprised exclusively of Levels 1, 2, and 3 instruments | ||
Qualifying securities backed by Farmer Mac program assets (loans) guaranteed by the United States Department of Agriculture (excluding the portion that would be necessary to satisfy obligations to creditors and equity holders in Farmer Mac II LLC) | ||
Supplemental Liquidity | Eligible investments under § 652.20 and those approved under § 652.23 | 90 percent except discounts for Level 1, 2 or 3 investments apply to such investments held as supplemental liquidity. |
12 C.F.R. §652.40