Comprehensive Capital Analysis and Review 2014: Assessment Framework and Results - Accessible Version
Figure A. Tier 1 capital ratio transition in CCAR 2014
Percent
| Quarter |
Advanced approaches BHC's common equity tier 1 ratio |
Minimum CET1 ratio for advanced approaches BHCs |
Minimum CET1 ratio for all BHCs |
| Actual |
| Q3 2013 |
6.00 |
n.a. |
n.a. |
| Projected |
| Q4 2013 |
5.00 |
n.a. |
n.a. |
| Q1 2014 |
4.25 |
4.00 |
n.a. |
| Q2 2014 |
4.00 |
4.00 |
n.a. |
| Q3 2014 |
4.00 |
4.00 |
n.a. |
| Q4 2014 |
4.10 |
4.00 |
n.a. |
| Q1 2015 |
4.20 |
4.50 |
4.50 |
| Q2 2015 |
4.20 |
4.50 |
4.50 |
| Q3 2015 |
4.30 |
4.50 |
4.50 |
| Q4 2015 |
4.45 |
4.50 |
4.50 |
Figure A. Tier 1 common ratio of CCAR 2014 BHCs
| Quarter |
Percent |
| Q1 2009 |
5.5 |
| Q2 2009 |
6.7 |
| Q3 2009 |
7.8 |
| Q4 2009 |
8.3 |
| Q1 2010 |
8.5 |
| Q2 2010 |
9.0 |
| Q3 2010 |
9.3 |
| Q4 2010 |
9.7 |
| Q1 2011 |
10.0 |
| Q2 2011 |
10.2 |
| Q3 2011 |
10.2 |
| Q4 2011 |
10.5 |
| Q1 2012 |
10.9 |
| Q2 2012 |
11.0 |
| Q3 2012 |
11.2 |
| Q4 2012 |
11.3 |
| Q1 2013 |
10.9 |
| Q2 2013 |
11.2 |
| Q3 2013 |
11.4 |
| Q4 2013 |
11.6 |
Note: The dip in the aggregate tier 1 common ratio in the first quarter of 2013 was due to an increase in risk-weighted assets, not a decrease in capital. At the start of 2013, new market risk rules (sometimes known as Basel II.5) took effect, changing the process for calculating market risk-weighted assets. See 12 CFR part 217, subpart F. Between the fourth quarter of 2012 and the first quarter of 2013, aggregate market risk-weighted assets increased by $518 billion, representing more than 97 percent of the total increase in aggregate risk-weighted assets. Without the increase in market risk-weighted assets, the aggregate tier 1 common ratio would have been about 70 basis points higher in the first quarter in 2013.