U.S Fed contemplates tying liquidity to uninsured deposits, Bloomberg says

The U.S. Federal Reserve is contemplating a new rule to protect uninsured depositors, wrote Alex Harris for Bloomberg..Michael Barr, vice chair of the Federal Reserve for supervision, said at a conference on Thursday, that U.S regulators are debating a banking rule that would require ” larger banks maintain a minimum amount of readily available liquidity with a ‘pool of reserves and pre-positioned collateral’ at the discount window, based on a fraction of their uninsured deposits,” noted the Bloomberg story, citing remarks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).