As required by 2018’s EGRRCPA, the U.S. banking agencies have proposed to exempt deposits held at central banks (e.g., excess reserves) by eligible custody banks from the supplementary leverage ratio (SLR) demanded of large U.S. banking organizations.  This change would also alter the denominator of assets for purposes of calculating the enhanced supplementary leverage ratio (eSLR) proposed by the FRB and OCC once pending changes to it are finalized.

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