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Federal Deposit
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Each depositor insured to at least $250,000 per insured bank

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Financial Institution Letters

FIL-57-2020
May 15, 2020

Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions

Printable Format:

FIL-57-2020 - PDF (PDF Help)

Summary:

The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Board of Governors of the Federal Reserve System have published an interim final rule (IFR) that allows for the temporary exclusion of U.S. Treasury securities and deposits at Federal Reserve Banks from the supplementary leverage ratio (SLR). The modification will provide flexibility to certain depository institutions to provide credit to households and businesses in light of the challenges arising from the coronavirus response.

Statement of Applicability to Institutions with Total Assets Under $1 Billion: This Financial Institution Letter (FIL) is only applicable to a depository institution subsidiary of a U.S. global systemically important bank holding company or a depository institution subject to Category II or Category III capital standards.

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