End of SLR relief weighs on JP Morgan

All eight US systemic banks saw their supplementary leverage ratio drop in Q2

Supplementary leverage ratios (SLRs) across the eight US systemically important banks fell in Q2 as the Federal Reserve’s temporary relief measure for leverage exposure expired on April 1, 2021.

JP Morgan’s SLR slipped the most quarter on quarter, down 130 basis points from 6.7% to 5.4%, amid multiple calls from its chief executive officer, Jamie Dimon, and other executives to make the SLR relief permanent.

The bank’s Tier 1 capital – the SLR numerator – increased from $237 billion to $241

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