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For Immediate Release
March 29, 2019
ABA Media Contact: Ian McKendry
(202) 663-5473
Email: 
imckendry@aba.com
Follow us on Twitter: @ABABankers

ABA Statement on Banking Agencies’ Supplementary Leverage Ratio Proposal

By Wayne Abernathy, ABA’s executive vice president of financial institutions policy and regulatory affairs

​“We appreciate today’s decision by regulators to implement this provision included in the bipartisan regulatory reform legislation Congress approved last year. This proposal acknowledges that low-risk central bank deposits should be excluded from the Supplementary Leverage Ratio for custodial banks. Going forward, ABA believes this exclusion should apply to all banks. In addition, we are pleased to note that today’s action now allows the agencies to finalize their separate proposal to improve the ‘enhanced’ SLR, and we support them in that important work.”
 
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The American Bankers Association is the voice of the nation’s $17.9 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard nearly $14 trillion in deposits and extend more than $10 trillion in loans.