I think 2 factors contribute to keeping platinum printing at its current level of (un)popularity.
Today it remains consigned to the relative obscurity of an “alternative process”. Then beginning in the 1970’s creating platinum prints using the traditional methods was re-established by a small number of specialists. As the price of platinum soared during WWI and WW2 the process drifted out of practice. The change will be effective immediately and the public comment period will be 45 days.From the mid to late 19 th, through to the early 20 th century one of the popular photographic printing processes, even predating silver gelatine, was the platinum print. The change would temporarily decrease tier 1 capital requirements of holding companies by approximately 2 percent in aggregate. It requires them to hold a minimum ratio of 3 percent, measured against their total leverage exposure, with more stringent requirements for the largest and most systemic financial institutions. The supplementary leverage ratio generally applies to financial institutions with more than $250 billion in total consolidated assets. The Board is providing the temporary exclusion in the interim final rule to allow banking organizations to expand their balance sheets as appropriate to continue to serve as financial intermediaries, rather than to allow banking organizations to increase capital distributions, and will administer the interim final rule accordingly. The change to the supplementary leverage ratio will mitigate the effects of those restrictions and better enable firms to support the economy.Īs the Board has previously stated, financial institutions have more than doubled their capital and liquidity levels over the past decade and are encouraged to use that strength to support households and businesses. The regulatory restrictions that accompany this balance sheet growth may constrain the firms' ability to continue to serve as financial intermediaries and to provide credit to households and businesses. Liquidity conditions in Treasury markets have deteriorated rapidly, and financial institutions are receiving significant inflows of customer deposits along with increased reserve levels. Treasury securities and deposits at Federal Reserve Banks from the calculation of the rule for holding companies, and will be in effect until March 31, 2021. To ease strains in the Treasury market resulting from the coronavirus and increase banking organizations' ability to provide credit to households and businesses, the Federal Reserve Board on Wednesday announced a temporary change to its supplementary leverage ratio rule.
Senior Loan Officer Opinion Survey on Bank Lending.Charge-Off and Delinquency Rates on Loans and Leases at.Assets and Liabilities of Commercial Banks in the U.S.Aggregate Reserves of Depository Institutions and the.Payments System Policy Advisory Committee.International Standards for Financial Market.Supervision & Oversight of Financial Market.Sponsorship for Priority Telecommunication Servicesįinancial Market Utilities & Infrastructures.
Federal Reserve Supervision and Regulation Report.Community & Regional Financial Institutions.
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