While tremendous progress has been made, the pace of implementation is not equally convincing everywhere. 5 6 7  The exact target level of the SRF depends on banks’ covered deposit volume.
12  Steven Lawrence (2009), "Foundations Address the Impact of the Economic Crisis," Foundation Center, Research Advisory, April. BIS Review 76/2009  3  Low-Income Housing Tax Credit markets, major investors, including several large banks and government-sponsored enterprises, sharply curtailed their investments in affordable housing as the value of the tax credits declined along with their profits.