Reference: Guidance Note for Banks/T&L

Our File: P2215-2-4

August 22, 2000

Subject: Assets to Capital Multiple

On March 31, 2000, OSFI issued an interim guidance note elaborating on the factors to be used in screening and assessing applications for increases to the authorized assets to capital multiple pursuant to the Capital Adequacy Requirements Guideline. We are now issuing this guidance note in final form.

Please note that applications for increases to the authorized assets to capital multiple are subject to user pay fees.

The guidance note is available in English and French on OSFI’s Internet web site (http://www.osfi-bsif.gc.ca) under the Publications section. It can also be obtained by contacting Mr. Stéphane Dupel, General Services Division, by e-mail at extcomm@osfi-bsif.gc.ca or by facsimile at (613) 952-8219. Federally regulated deposit taking institutions should address any questions to their relationship managers. Others may contact Ms. Aina Liepins, Capital Division at (613) 998-5606 or by fax at (613) 998-8466.

Michael Hafeman

Assistant Superintendent

Specialist Support Sector