Federal Reserve Proposes New 9 Percent Capital Leverage Ratio For Small Banks

WASHINGTON (Reuters) - U.S. banking regulators said on Wednesday that they will seek public comment on a proposed rule that introduce a small-bank capital leverage ratio of 9 percent.

The Federal Reserve said that the new leverage ratio, which would apply to banks with $10 billion in assets, aims to simplify capital requirements for small banks.

The proposal, which was issued in conjunction with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, is required by a law passed by Congress in May to ease banking regulations.

Reporting by Katanga Johnson

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks reach new highs on metal price gain

Rise in gold stocks propels TSXV Mining

Market sees gold sector nearing full value overall after target upgrades

Gold stocks gain even as metal pulls back

Gold stocks rocket to new highs, valuations no longer inexpensive