,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #baba  ,,in ,,the ,,house ,,of  
,,representatives  ,april #be1 #bjag,mr4
 ,rothfus 7for himself1 ,mr4 ,foster1   
and ,mr4 ,hultgren7 introduced the      
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to require the appropriate  
,federal banking agencies to revise     
regulations to specify that certain     
funds shall not be taken into account   
when calculating any supplementary      
leverage ratio for custodial banks1 and 
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,pension1
 ,endowment1 and ,mutual ,fund ,access  
to ,banking ,act4  #b4 ,treatment of    
funds deposited with a central bank in  
calculating the applicable supplementary
 leverage ratio  7a7 ,in general ,the   
appropriate ,federal banking agencies   
shall amend the relevant sections of    
title #ab1 ,code of ,federal            
,regulations1 to specify that funds of a
 custodial bank that are deposited with 

a central bank shall not be taken into  
account when calculating the applicable 
supplementary leverage ratio for the    
custodial bank under such regulations4  
7b7 ,limitation ,the amount of funds    
described under subsection 7a7 may not  
exceed the total value of deposits of   
the custodial bank linked to fiduciary  
or custodial and safekeeping accounts4  
7c7 ,additional considerations ,the     
amount of funds described under         
subsection 7a7 may be limited to-- 7#a7 
an amount that is greater than a        
percentage specified by the appropriate 
,federal banking agency of the total    
leverage exposure of the custodial bank1
 based on considerations such as the    
potential impact on the safety and      
soundness of the custodial bank and the 
ability of the custodial bank to        
continue to accept cash deposits from   
customers that are linked to fiduciary  
or custodial and safekeeping accounts2  
and  7#b7 amounts deposited with certain
 central banks1 as determined through   

rulemaking by the appropriate ,federal  
banking agencies4  7d7 ,definitions ,for
 purposes of this section3  7#a7        
,appropriate federal banking agency ,the
 term appropriate ,federal banking      
agency has the meaning given that term  
under section #c of the ,federal        
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac74  7#b7 ,custodial bank  7,a7 ,in 
general ,the term custodial bank means a
 depository institution and the         
depository institution holding company  
of such depository institution1 both of 
which are primarily engaged in custodial
 banking4  7,b7 ,custodial banking      
defined ,for purposes of this paragraph1
 the appropriate ,federal banking       
agencies may define the term custodial  
banking based on factors including the  
percentage of total revenues generated  
by custodial businesses and the level of
 assets under custody4  7#c7 ,depository
 institution ,the term depository       
institution has the meaning given that  
term under section #c of the ,federal   

,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac74  7#d7 ,depository institution   
holding company ,the term depository    
institution holding company has the     
meaning given that term under section #c
 of the ,federal ,deposit ,insurance    
,act 7#ab ,u4,s4,c4 #ahac74  7#e7       
,supplementary leverage ratio ,the term 
supplementary leverage ratio means the  
supplementary leverage ratio1 including 
applicable buffers1 surcharges1 and     
well-capitalized requirements relating  
to such supplementary leverage ratio1 as
 defined by regulation of the           
appropriate ,federal banking agency in  
title #ab1 ,code of ,federal            
,regulations4