1. Short title This Act may be cited as the Pension, Endowment, and Mutual Fund Access to Banking Act . 2. Treatment of funds deposited with a central bank in calculating the applicable supplementary leverage ratio (a) In general The appropriate Federal banking agencies shall amend the relevant sections of title 12, Code of Federal Regulations, 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 regulations. (b) Limitation The amount of funds described under subsection (a) may not exceed the total value of deposits of the custodial bank linked to fiduciary or custodial and safekeeping accounts. (c) Additional considerations The amount of funds described under subsection (a) may be limited to— (1) an amount that is greater than a percentage specified by the appropriate Federal banking agency of the total leverage exposure of the custodial bank, 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 accounts