On 13 October, Treasury implemented its scheme to provide more support and funding to the UK banking industry. It will make £37 billion capital investments to RBS and, when merged, HBOS/Lloyds TSB. This will give each institution a Tier 1 capital ratio in excess of 9%. The Chancellor made a speech outlining the steps many major institutions had taken, the institutions in relation to which the Government would act, and how bonuses would be affected. In principle, there will be no bonuses for institutions in which the Government has taken shares. He discussed in relation to each affected bank how bonuses would be affected.