Agencies Seek Comment on Changes to Supplementary Leverage Ratio

The Federal Reserve, FDIC and OCC are seeking comments on a joint proposal making changes to the supplementary leverage ratio calculation under the regulatory capital rule. The proposal would allow banks that are primarily engaged in custody, safekeeping and asset servicing activities to exclude from the SLR calculation funds deposited with central banks.

The proposed changes would apply to three institutions—the Bank of New York Mellon Corporation, Northern Trust Corporation and State Street Corporation, and their subsidiaries. Comments on the proposal are due 60 days after publication in the Federal Register.