Fed proposes leverage ratio exemption for custody banks

Federal Reserve

Banks that are primarily engaged in custody activities are the latest in line for regulatory relief as the Federal Reserve pushes ahead with actions under the Crapo Bill.

In proposals published on April 18, the Fed and other regulators are seeking comment on plans to exclude custodians’ deposits held by “qualifying” central banks from calculations of the supplementary leverage ratio.

The SLR measures Tier 1 capital as a share of total assets, so the exemption for custodians would shrink the

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