The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021. The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.
Related:
Bloomberg: Primary dealers sold $80.8 billion in Treasurys in the two weeks that ended March 10, according to the Federal Reserve, as they faced a March 31 expiration of an exemption for Treasurys and reserve balances from banks’ supplementary leverage ratios. Primary dealers’ Treasury holdings have reached the lowest level since October 2018.
SIFMA: Extending the Supplemental Leverage Ratio is Essential to Main Street