GAO reviewed the Department of the Treasury, Office of the Comptroller of the Currency; Federal Reserve System; and Federal Deposit Insurance Corporation (collectively, the agencies') new rule on regulatory capital rules: regulatory capital, enhanced supplementary leverage ratio standards for certain bank holding companies and their subsidiary insured depository institutions. GAO found that (1) the final rule strengthens the agencies' supplementary leverage ratio standards for large, interconnected U.S. banking organizations. The final rule applies to any U.S. top-tier bank holding company (BHC) with more than $700 billion in total consolidated assets or more than $10 trillion in assets under custody (covered BHC) and any insured depository institution (IDI) subsidiary of these BHCs (together, covered organizations); and (2) the agencies complied with the applicable requirements in promulgating the rule.
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