Capital Assessments and Stress Testing
The FR Y-14Q collects detailed data on bank holding companies' (BHC), savings and loan holding companies' (SLHCs), and intermediate holding companies' (IHC) various asset classes, capital components, and categories of pre-provision net revenue (PPNR) on a quarterly basis. The FR Y-14Q report is comprised of Retail, Securities, Regulatory Capital Instruments, Regulatory Capital, Operational Risk, Trading, PPNR, Wholesale, Retail Fair Value Option/Held for Sale, Counterparty, Balances, and Supplemental schedules. All of the data schedules are to be submitted for each reporting period unless materiality thresholds apply.
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The data are used to assess the capital adequacy of large firms 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 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. During the fall of 2011, the Federal Reserve implemented the FR Y-14A/Q. 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. In the fall of 2019, the Federal Reserve published final notices in the Federal Register (84 FR 59230 and 84 FR 59032) that tailored the requirements for FR Y-14 respondents, and required SLHCs to file the FR Y-14Q report beginning with submissions as of June 30, 2020.
The respondent panel is comprised of U.S. BHCs, U.S. IHCs of foreign banking organizations (FBOs), and covered SLHCs with $100 billion or more in total consolidated assets, as based on: (i) the average of the firm's total consolidated assets in the four most recent quarters as reported quarterly on the firm's Consolidated Financial Statements for Holding Companies (FR Y-9C); or (ii) if the firm has not filed an FR Y-9C for each of the most recent four quarters, then the average of the firm's total consolidated assets in the most recent consecutive quarters as reported quarterly on the firm's FR Y-9C filings. Participation is mandatory.
Schedules are reported quarterly on the last calendar day of the quarter, with exceptions for the Trading and Counterparty Schedules. Because the Trading Schedule data are part of the global market shock exercise, the as-of date for the fourth quarter will be communicated directly to respondents. For all other quarters, the as-of date will be the last day of the quarter.
The Federal Reserve publishes a summary of results from the latest Dodd-Frank Act stress test (DFAST) and the related results from the Comprehensive Capital Analysis and Review (CCAR). The instructions, scenarios, and further information regarding DFAST and CCAR are available on the Federal Reserve's website.
Below is a link to the Federal Reserve's Reporting Central User Guides page where the most current technical instructions are posted.
Form: March 2013 (8.0 MB .ZIP) | Instructions: Included in Form
Form: September 2012 (3.7 MB .ZIP) | Instructions: Included in Form
Form: June 2012 (5.6 MB .ZIP) | Instructions: Included in Form