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Federal Reserve Board of Governors

Reporting forms

FR Y-15

Banking Organization Systemic Risk Report

Description: This report collects consolidated systemic risk data from large U.S. bank holding companies, covered savings and loan holding companies, and intermediate holding companies (BHCs). The data items collected in this report mirror those developed by the Basel Committee on Banking Supervision (BCBS) to assess the global systemic importance of banks.

OMB: 7100-0352

Purpose: In addition to (i) facilitating the future implementation of the global systemically important bank (GSIB) surcharge through regulation, (ii) identifying institutions that may be domestic systemically important banks (DSIBs) under a future framework and (iii) analyzing the systemic risk implications of proposed mergers and acquisitions, the Federal Reserve uses the FR Y-15 data to monitor, on an ongoing basis, the systemic risk profile of the institutions which are subject to enhanced prudential standards under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Background: In response to the financial crisis, the BCBS adopted a series of reforms to improve the resilience of banks and banking systems. Among those reforms is a capital surcharge (GSIB surcharge) that increases for GSIBs the "capital conservation buffer" the BCBS included in the revised international standards it published in 2010, Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems (Basel III). Under the standard, a GSIB must hold tier 1 common equity capital sufficient to meet the capital conservation buffer, as increased by the GSIB surcharge, in order to avoid restrictions on capital distributions and discretionary bonus payments to executive officers. The standards established in Basel III, as modified by the GSIB surcharge (the Basel capital framework), are designed to fortify the capital positions of GSIBs so that they can absorb losses and remain going concerns even under stressed financial conditions.

The BCBS developed an indicator-based approach for determining the GSIB surcharge that focuses on those aspects of a GSIB's operations that are likely to generate negative externalities in the case of its failure. The methodology assesses six components of a bank's systemic footprint: size, interconnectedness, substitutability, complexity, cross-jurisdictional activity, and short-term wholesale funding activity. The indicators comprising these six components are reported on the FR Y-15.

Respondent Panel: The panel consists of BHCs with total consolidated assets of $50 billion or more, and any BHC organized under the laws of the U.S. or any of the states therein that is identified as a GSIB and does not meet the consolidated assets threshold. Only the top tier BHC of a multi-tiered company that meets these criteria must file.

Frequency: The FR Y-15 is collected quarterly as of March, June September and December (starting June 30, 2016). The submission date is 50 calendar days after March 31, June 30, and September 30 as-of dates and 65 calendar days after the December 31 as-of date.

Public Release: Except as otherwise noted, the information collected on the FR Y-15 will be made available to the public via the National Information Center website ( for report dates beginning December 31, 2013. The following line items will be kept confidential for the December 31, 2013, report date and made publically available beginning with the December 31, 2014, report date: Schedule A, items 1(b)(2) through 2(a)(2) and items 2(b)(2) through 3; and, Schedule C, items 1(a) through 1(l). The following line items will be kept confidential until the first reporting date after the U.S. rule implementing the liquidity coverage ratio (LCR) is finalized: Schedule D, items 7 and 8; and Schedule G, items 1 through 4.

Though confidential treatment will not be routinely given to the financial data on the FR Y-15 report, respondents may request such treatment for any information that they believe is subject to an exemption from disclosure pursuant to sections (b)(4), (b)(6), or (b)(8) of the Freedom of Information Act (FOIA) (5 U.S.C. 522(b)(4), (b)(6), and (b)(8)).

Last Update: September 28, 2016