Capital Assessments and Stress Testing
The FR Y-14M report collects monthly detailed data on bank holding companies' (BHCs) and intermediate holding companies' (IHCs) loan portfolios. The report is comprised of three loan- and portfolio-level collections and one detailed address matching collection. These consist of Domestic First Lien Closed-end 1-4 Family Residential Loan, Domestic Home Equity Loan, Address Matching, and Domestic Credit Card data collections. The number of schedules a BHC must complete is subject to materiality thresholds and certain other criteria.
Purpose: The data are used to assess the capital adequacy of large BHCs and IHCs using forward-looking projections of revenue and losses, to support supervisory stress test models and continuous monitoring efforts, and 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. The monthly data collection improves the Federal Reserve's ability to perform its continuous risk-monitoring function by providing more timely data.
In June 2009, the Federal Reserve conducted the Supervisory Capital Assessment Program (SCAP), a "stress test" that focused on identifying whether large domestic BHCs had capital sufficient to weather a more-adverse-than-anticipated economic environment while maintaining their capacity to lend. In 2011, the Federal Reserve continued its supervisory evaluation of the resiliency and capital adequacy processes 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. The Federal Reserve implemented the FR Y-14A/Q during the fall of 2011, and it implemented the FR Y-14M in June 2012. In 2016, the Federal Reserve published a final notice in the Federal Register (81 FR 35016) requiring intermediate holding companies of foreign banking organizations to file certain regulatory reports and comply with the information collection requirements associated with regulatory capital requirements, including the FR Y-14 reports with submissions as of December 31, 2016.
The respondent panel is comprised of any top-tier BHC or IHC that has $50 billion or more in total consolidated assets as determined based on: (i) the average of the firm's total consolidated assets in the four most recent quarters as reported quarterly on the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) (OMB No. 7100-0128); or (ii) the average of the firm's total consolidated assets in the most recent consecutive quarters as reported quarterly on the FR Y-9Cs, if the firm has not filed an FR Y-9C for each of the most recent four quarters." Participation is mandatory.
For these retail portfolio collections, the Federal Reserve collects month-end data on the last business day of each calendar month.
The Federal Reserve publishes a summary of results from the latest supervisory stress tests conducted as part of the Dodd-Frank Act and the related results from the Comprehensive Capital Analysis and Review (CCAR). The instructions, scenarios, and further information regarding the Dodd-Frank Act stress tests and CCAR are available on the Federal Reserve's website.
Last Update: March 21, 2018