Following Fed relief, SLR bonds loosen for top US banks
Billions of Tier 1 capital freed by tweak to ratio’s denominator
Systemic US banks saw their supplementary leverage ratios (SLR) leap higher in Q2 following action by the Federal Reserve to exclude certain assets from the total exposure measure. Over $1 trillion of leverage exposure was freed up by the agency’s intervention across five top lenders alone.
Bank of America, BNY Mellon, Citi, Goldman Sachs, JP Morgan and Morgan Stanley all disclosed their actual SLR and what their SLR would have been without the Fed’s intervention on April 1, which carved out
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