Statement by FDIC Vice Chairman Hoenig on the Proposed Supplemental Leverage Ratio
November 26, 2013
"The supplemental leverage ratio should be adopted as proposed. The leverage ratio represents a minimum acceptable level of capital against total tangible assets and is the appropriate measure to judge the capital soundness of an institution. The discussion of unconventional monetary policy on excess reserves and its effect on the composition and risks affecting the balance sheet is a separate discussion."
