September 3, 2014 / 3:25 PM / 3 years ago

U.S. Fed adopts final liquidity rules for big banks

WASHINGTON, Sept 3 (Reuters) - The U.S. Federal Reserve on Wednesday voted to adopt final rules requiring big banks to hold more assets that they could sell easily in a credit crunch.

The rules, which call for big banks to hold enough liquid assets to meet their cash needs for 30 days, are a pillar of the response to the 2007-2009 financial crisis. The Federal Deposit Insurance Corp also plans to vote on the final rules on Wednesday. (Reporting by Emily Stephenson)

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