which was a range of 36 percent to 69 percent of total assets. For the same period, the peer group average of total cash on deposit to assets was 8 percent. Taupa had no notable increase in membership during the period to explain the increases in cash. Examiners did not discuss Taupa’s excess liquidity as a red flag, but did discuss it as a concentration risk. In the examination effective December 31, 2011, examiner working papers noted that even though liquidity was above the peer group average, the overall liquidity risk was low.