Asset requirements
(3) Asset requirements. The liquidity buffer must consist of highly liquid assets that are unencumbered, as defined in paragraph (b)(3)(ii) of this section: (i) Highly liquid asset. A highly liquid asset includes: (A) Cash; (B) Assets that meet the criteria for high quality liquid assets as defined in 12 CFR 249.20; or (C) Any other asset that the bank holding company demonstrates to the satisfaction of the Board: