{"abstract":"In light of recent disruptions in economic conditions caused by the coronavirus disease 2019 (COVID-19) and current strains in U.S. financial markets, the Board is issuing an interim final rule that revises, on a temporary basis for bank holding companies, savings and loan holding companies, and U.S. intermediate holding companies of foreign banking organizations, the calculation of total leverage exposure, the denominator of the supplementary leverage ratio in the Board's capital rule, to exclude the on-balance sheet amounts of U.S. Treasury securities and deposits at Federal Reserve Banks. This exclusion has immediate effect and will remain in effect through March 31, 2021. The Board is adopting this interim final rule to allow bank holding companies, savings and loan holding companies, and intermediate holding companies subject to the supplementary leverage ratio increased flexibility to continue to act as financial intermediaries. The tier 1 leverage ratio is not affected by this rulemaking.","action":"Interim final rule and request for comment.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/04/14/2020-07345.html","cfr_references":[{"chapter":null,"citation_url":null,"part":217,"title":12}],"citation":"85 FR 20578","comment_url":null,"comments_close_on":"2020-05-29","correction_of":null,"corrections":[],"dates":"This rule is effective April 14, 2020. Comments on the interim final rule must be received no later than May 29, 2020.","disposition_notes":null,"docket_ids":["Regulations Q","Docket No. R-1707"],"dockets":[],"document_number":"2020-07345","effective_on":"2020-04-14","end_page":20586,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/04/14/2020-07345.xml","html_url":"https://www.federalregister.gov/documents/2020/04/14/2020-07345/temporary-exclusion-of-us-treasury-securities-and-deposits-at-federal-reserve-banks-from-the","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-07345?publication_date=2020-04-14","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-04-14/2020-07345/mods.xml","not_received_for_publication":null,"page_length":9,"page_views":{"count":6424,"last_updated":"2026-04-04 02:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-04-14/pdf/2020-07345.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-07345.pdf?1586781932","publication_date":"2020-04-14","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/04/14/2020-07345.txt","regulation_id_number_info":{"7100-AF81":null},"regulation_id_numbers":["7100-AF81"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"FRS","document_id":"FRS-2020-0121-0001","checked_regulationsdotgov_at":"2023-02-28T18:39:03Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":20578,"subtype":null,"title":"Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks From the Supplementary Leverage Ratio","toc_doc":null,"toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Banks, banking","Banks, banking","Banks, banking","Federal Reserve System","Holding companies","Reporting and recordkeeping requirements","Securities"],"type":"Rule","volume":85}