WASHINGTON — On June 17, 2008, the Basel Committee on Banking Supervision issued for public comment enhanced global Principles for Sound Liquidity Risk Management and Supervision. These draft principles represent a substantial revision of the Committee’s liquidity guidance that was published in 2000 and reflect the lessons learned during the financial market disturbance.

Given the increased attention to liquidity risk management practices and the importance of maintaining sufficient liquidity through stressful scenarios and events, the OCC encourages national banks to thoughtfully consider these principles and provide any comments they have to the Basel Committee. The public comment period ends July 29, 2008. Comments may be sent via e-mail to baselcommittee@bis.org. The link to the Basel Committee’s website for a copy of the principles or the Press Release is http://www.bis.org/publ/bcbs138.htm.