HOME LOAN BANK COMPENSATION: The Finance Board eliminated existing limits on salary and bonuses for employees of the 12 Federal Home Loan banks, other than bank presidents. Instead, their total compensation will be limited to 125% of a president's base salary. Published and effective June 5.
CAPITAL: The Fed lowered to 3.0 the minimum leverage ratio of Tier 1 capital for bank holding companies that have a 1 rating or have implemented the market-risk capital rules. Published June 4. Effective June 30.