This report collects granular data on bank holding companies' (BHCs) various asset classes and pre-provision net revenue (PPNR) for the reporting period. The BHCs are required to complete the following FR Y-14Q schedules: the Securities Risk; Retail Risk; PPNR; Wholesale Risk; Mortgage Servicing Rights; Trading, Private Equity, and Other Fair Value Assets; Basel III/Dodd-Frank; Regulatory Capital Instruments; and Operational Risk. The number of schedules each BHC completes is subject to materiality thresholds.
Purpose: The data are used to assess the capital adequacy of large BHCs using forward-looking projections of revenue and losses, to support supervisory stress test models and continuous monitoring efforts, as well as to inform the Federal Reserve's operational decision making as it continues to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
In June 2009, the Board conducted the Supervisory Capital Assessment Program (SCAP), a "stress test" that focused on identifying whether large BHCs had capital sufficient to weather a more-adverse-than-anticipated economic environment while maintaining their capacity to lend. In early 2011, the Federal Reserve continued its supervisory evaluation of the resiliency and capital adequacy processes of 19 BHCs through the Comprehensive Capital Analysis and Review (CCAR) 2011. The CCAR 2011 involved the Federal Reserve's forward-looking evaluation of the internal capital planning processes of the BHCs and their anticipated capital actions in 2011, such as increasing dividend payments or repurchasing or redeeming stock; evaluating whether these BHCs had satisfactory processes for identifying capital needs; and evaluating whether these BHCs held adequate capital to maintain ready access to funding, continue operations and meet their obligations to creditors and counterparties, and continue to serve as credit intermediaries, even under stressful conditions. During the fall of 2011, the Federal Reserve implemented the FR Y-14A/Q. During the spring of 2013, the Federal Reserve revised the reporting frequency of the Basel III/Dodd-Frank and Regulatory Capital Instruments schedules from three times to four times a year beginning with the September 30, 2013 report date.
The respondent panel comprises of any top-tier BHC (other than a foreign banking organization), that has $50 billion or more in total consolidated assets, as determined based on: (i) the average of the BHC's total consolidated assets in the four most recent quarters as reported quarterly on the BHC's Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) (OMB No. 7100-0128); or (ii) the average of the BHC's total consolidated assets in the most recent consecutive quarters as reported quarterly on the BHC's FR Y-9Cs, if the BHC has not filed an FR Y-9C for each of the most recent four quarters." Participation is mandatory.
Schedules are reported quarterly on the last calendar day of the quarter, with exceptions for the Trading Schedule. Because the Trading Schedule data are part of the CCAR market shock exercise, the as-of date for the third quarter will be communicated in the fourth quarter. For all other quarters, the as-of date would be the last day of the quarter, except for BHCs that are required to resubmit their capital plan. For these BHCs, the as-of date for the quarter preceding the quarter in which they are required to resubmit a capital plan would be communicated to the BHCs during the subsequent quarter.
The Federal Reserve has published press releases in addition to a paper describing the methodology used in the stress test in the CCAR 2012 as well as the templates for disclosure of the summary results and summary results of the latest round of bank stress tests.