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  4. Supervision and Regulation Report - May 2020

Federal Reserve Supervision and Regulation Report - May 2020

Accessible Version - Supervision and Regulation Report - May 2020

Figure 1: Common equity tier 1 capital ratio/share of institutions not well capitalized

Percent

Date Common equity tier 1 capital ratio Share of institutions not well capitalized
3/1/2006 8.41 0.97
6/1/2006 8.37 1.13
9/1/2006 8.45 0.99
12/1/2006 8.34 1.05
3/1/2007 8.16 1.12
6/1/2007 7.94 1.24
9/1/2007 7.70 1.29
12/1/2007 7.13 1.59
3/1/2008 6.93 1.85
6/1/2008 6.93 2.49
9/1/2008 6.76 2.88
12/1/2008 6.32 4.38
3/1/2009 6.36 4.26
6/1/2009 7.37 4.96
9/1/2009 8.35 5.17
12/1/2009 8.68 6.23
3/1/2010 9.04 5.74
6/1/2010 9.52 5.46
9/1/2010 9.91 5.19
12/1/2010 10.17 5.58
3/1/2011 10.43 4.96
6/1/2011 10.65 4.79
9/1/2011 10.72 4.51
12/1/2011 10.93 4.65
3/1/2012 11.31 4.03
6/1/2012 11.38 3.90
9/1/2012 11.55 3.53
12/1/2012 11.64 3.61
3/1/2013 11.31 3.26
6/1/2013 11.49 2.96
9/1/2013 11.72 2.78
12/1/2013 11.80 2.68
3/1/2014 12.41 2.35
6/1/2014 11.88 2.02
9/1/2014 11.91 1.81
12/1/2014 11.87 1.81
3/1/2015 11.71 1.71
6/1/2015 11.89 1.54
9/1/2015 12.01 1.35
12/1/2015 11.91 1.31
3/1/2016 11.83 1.19
6/1/2016 11.92 1.10
9/1/2016 11.98 1.04
12/1/2016 12.06 0.99
3/1/2017 12.12 0.95
6/1/2017 12.24 0.88
9/1/2017 12.28 0.74
12/1/2017 12.02 0.79
3/1/2018 11.77 0.67
6/1/2018 11.87 0.70
9/1/2018 11.93 0.49
12/1/2018 11.94 0.50
3/1/2019 12.00 0.50
6/1/2019 12.03 0.40
9/1/2019 11.96 0.38
12/1/2019 11.87 0.38

Note: Common equity tier 1 capital ratio is the ratio of tier 1 common equity to risk-weighted assets. See the data appendix for further information.

Source: Call Report and FR Y-9C.

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Figure 2: Liquid assets as a share of total assets

Percent

Data Liquid assets as a share of total assets
3/31/2006 6.71
6/30/2006 6.65
9/30/2006 6.52
12/31/2006 6.82
3/31/2007 6.40
6/30/2007 6.66
9/30/2007 6.05
12/31/2007 6.31
3/31/2008 6.22
6/30/2008 6.72
9/30/2008 8.12
12/31/2008 11.74
3/31/2009 11.10
6/30/2009 10.55
9/30/2009 11.24
12/31/2009 12.03
3/31/2010 12.28
6/30/2010 12.37
9/30/2010 11.93
12/31/2010 12.32
3/31/2011 13.27
6/30/2011 14.11
9/30/2011 14.25
12/31/2011 13.84
3/31/2012 14.12
6/30/2012 14.08
9/30/2012 14.06
12/31/2012 14.90
3/31/2013 15.16
6/30/2013 15.29
9/30/2013 16.26
12/31/2013 16.49
3/31/2014 17.22
6/30/2014 17.45
9/30/2014 17.85
12/31/2014 18.55
3/31/2015 19.01
6/30/2015 18.35
9/30/2015 18.10
12/31/2015 18.14
3/31/2016 18.28
6/30/2016 18.23
9/30/2016 18.18
12/31/2016 18.26
3/31/2017 18.72
6/30/2017 18.12
9/30/2017 18.35
12/31/2017 18.41
3/31/2018 18.34
6/30/2018 17.96
9/30/2018 18.04
12/31/2018 17.62
3/31/2019 17.12
6/30/2019 17.15
9/30/2019 17.69
12/31/2019 18.03

Note: Liquid assets are cash plus estimates of securities that qualify as high-quality liquid assets (HQLA) as defined by the liquidity coverage ratio requirement. Data include only firms that filed the FR Y-9C and exclude SLHCs.

Source: FR Y-9C.

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Figure 3: Bank profitability

Percent

Date ROAA ROE
3/1/2006 1.39 15.53
6/1/2006 1.39 15.81
9/1/2006 1.41 15.92
12/1/2006 1.35 15.05
3/1/2007 1.30 14.36
6/1/2007 1.30 14.82
9/1/2007 0.97 11.15
12/1/2007 0.04 0.45
3/1/2008 0.38 4.35
6/1/2008 -0.05 -0.61
9/1/2008 -0.78 -9.00
12/1/2008 -1.53 -17.13
3/1/2009 0.26 2.88
6/1/2009 0.15 1.56
9/1/2009 0.11 1.21
12/1/2009 -0.02 -0.24
3/1/2010 0.66 7.26
6/1/2010 0.62 6.69
9/1/2010 0.38 3.92
12/1/2010 0.48 4.94
3/1/2011 0.81 8.33
6/1/2011 0.52 5.30
9/1/2011 0.88 8.96
12/1/2011 0.57 5.72
3/1/2012 0.80 7.95
6/1/2012 0.80 7.91
9/1/2012 0.78 7.54
12/1/2012 0.86 8.28
3/1/2013 0.95 9.17
6/1/2013 1.05 10.05
9/1/2013 0.81 7.69
12/1/2013 0.92 8.71
3/1/2014 0.92 8.60
6/1/2014 0.90 8.36
9/1/2014 0.89 8.24
12/1/2014 0.79 7.27
3/1/2015 1.06 9.74
6/1/2015 1.06 9.66
9/1/2015 1.05 9.42
12/1/2015 0.87 7.76
3/1/2016 0.90 8.00
6/1/2016 1.02 9.03
9/1/2016 1.07 9.42
12/1/2016 0.94 8.46
3/1/2017 1.03 9.22
6/1/2017 1.07 9.53
9/1/2017 1.08 9.62
12/1/2017 0.20 1.80
3/1/2018 1.24 11.52
6/1/2018 1.26 11.62
9/1/2018 1.30 11.96
12/1/2018 1.21 11.24
3/1/2019 1.26 11.66
6/1/2019 1.29 11.90
9/1/2019 1.19 10.92
12/1/2019 1.13 10.51

Note: ROAA is net income/quarterly average assets; ROE is net income/average equity capital.

Source: Call Report and FR Y-9C.

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Figure 4: Deposit and loan growth (seasonally adjusted, annual rate)

Percent

Date Deposits average growth rate, 2011 - 2019 Deposits growth rate Loans and leases average growth rate, 2011 - 2019 Loans and leases growth rate
January-19 5.93 1.6 4.29 5.2
February-19 5.93 4.3 4.29 5.4
March-19 5.93 6.0 4.29 5.0
April-19 5.93 6.4 4.29 2.1
May-19 5.93 5.3 4.29 4.6
June-19 5.93 8.7 4.29 4.7
July-19 5.93 3.2 4.29 3.1
August-19 5.93 4.3 4.29 5.5
September-19 5.93 8.2 4.29 2.6
October-19 5.93 9.3 4.29 2.8
November-19 5.93 10.3 4.29 4.0
December-19 5.93 3.6 4.29 3.0
January-20 5.93 5.1 4.29 1.0
February-20 5.93 7.3 4.29 4.9
March-20 5.93 42.5 4.29 43.5

Note: Growth rate is for annualized month-over-month change. Based on estimated weekly aggregate balance sheets for all commercial banks in the United States. Key identifies bars in order from left to right.

Source: H.8, "Assets and Liabilities of Commercial Banks in the United States."

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Figure 5: Loan growth by sector (seasonally adjusted, annual rate)

Percent

Date Commercial and industrial Consumer Residental real estate Commercial real estate
January-19 9.2 3.4 1.3 3.1
February-19 4.3 7.1 2.7 4.9
March-19 6.7 5.8 4.0 4.5
April-19 -0.5 6.5 1.2 4.0
May-19 0.9 6.6 2.7 5.1
June-19 3.0 5.2 3.5 2.9
July-19 3.6 5.6 2.5 2.3
August-19 6.9 5.6 0.8 5.6
September-19 -3.8 4.4 0.9 6.6
October-19 -3.7 4.4 3.7 5.2
November-19 1.5 4.1 3.2 5.6
December-19 -2.3 4.5 1.7 5.5
January-20 -1.2 4.9 -1.5 4.0
February-20 2.1 5.9 1.5 6.2
March-20 115.6 1.9 6.2 8.7

Note: Growth rate is for annualized month-over-month change. Based on estimated weekly aggregate balance sheets for all commercial banks in the United States. Key identifies bars in order from left to right.

Source: H.8, "Assets and Liabilities of Commercial Banks in the United States."

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Figure 6: Aggregate common equity tier 1 capital ratio for large bank holding companies (BHCs) (total assets > $100 billion)

Percent

Date Aggregate common equity tier 1 capital ratio
2019:Q4 11.50
2020:Q1 10.97

Note: Data include all domestic BHCs with assets greater than $100 billion as of 2020:Q1 (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs Group, Morgan Stanley, Bank of New York Mellon, State Street, U.S. Bancorp, Truist Financial, PNC Financial Services Group, Capital One Financial, Northern Trust, Ally Financial, American Express, Citizens Financial Group, Discover Financial Services, Fifth Third Bancorp, Huntington Bancshares, KeyCorp, M&T Bank, and Regions Financial).

Source: Firms' earnings releases for 2020:Q1 data. FR Y-9C for 2019:Q4 data.

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Figure 7: Average credit default swap (CDS) spread and market leverage ratio, 2020 (daily)
Date CDS average (Basis points) Market leverage average (Percent)
12/31/2019 41.69 8.59
1/2/2020 41.27 8.70
1/3/2020 42.17 8.59
1/6/2020 43.84 8.60
1/7/2020 44.04 8.62
1/8/2020 42.91 8.66
1/9/2020 41.77 8.71
1/10/2020 40.82 8.64
1/13/2020 40.72 8.69
1/14/2020 40.51 8.65
1/15/2020 40.90 8.55
1/16/2020 40.49 8.54
1/17/2020 39.55 8.57
1/21/2020 39.67 8.47
1/22/2020 39.69 8.47
1/23/2020 40.33 8.44
1/24/2020 41.07 8.32
1/27/2020 43.10 8.17
1/28/2020 42.46 8.24
1/29/2020 41.58 8.21
1/30/2020 41.56 8.29
1/31/2020 41.87 8.12
2/3/2020 41.88 8.16
2/4/2020 39.97 8.28
2/5/2020 39.13 8.44
2/6/2020 37.55 8.47
2/7/2020 38.17 8.44
2/10/2020 38.29 8.44
2/11/2020 38.09 8.47
2/12/2020 37.07 8.51
2/13/2020 37.43 8.48
2/14/2020 36.80 8.46
2/18/2020 37.35 8.36
2/19/2020 37.20 8.44
2/20/2020 37.96 8.40
2/21/2020 38.84 8.25
2/24/2020 43.60 7.91
2/25/2020 45.55 7.64
2/26/2020 47.68 7.56
2/27/2020 52.86 7.27
2/28/2020 59.71 7.08
3/2/2020 60.24 6.36
3/3/2020 57.14 6.13
3/4/2020 57.67 6.26
3/5/2020 61.09 5.96
3/6/2020 69.27 5.76
3/9/2020 92.51 5.10
3/10/2020 89.48 5.40
3/11/2020 91.56 5.13
3/12/2020 124.62 4.52
3/13/2020 113.77 5.18
3/16/2020 119.39 4.45
3/17/2020 126.65 4.67
3/18/2020 144.83 4.35
3/19/2020 142.82 4.50
3/20/2020 144.91 4.33
3/23/2020 143.65 4.10
3/24/2020 128.89 4.65
3/25/2020 119.32 4.75
3/26/2020 112.57 5.00
3/27/2020 116.95 4.79
3/30/2020 112.72 4.87
3/31/2020 111.84 4.77
4/1/2020 115.45 4.49
4/2/2020 117.31 4.64
4/3/2020 119.68 4.56
4/6/2020 116.64 4.86
4/7/2020 108.55 4.94
4/8/2020 107.20 5.13
4/9/2020 91.75 5.41
4/13/2020 87.25 5.26
4/14/2020 82.52 5.20
4/15/2020 88.10 4.96
4/16/2020 87.87 4.89
4/17/2020 89.54 5.13
4/20/2020 92.91 5.03
4/21/2020 97.61 4.86
4/22/2020 95.94 4.90
4/23/2020 92.09 4.91
4/24/2020 94.15 4.94
4/27/2020 91.87 5.17
4/28/2020 86.16 5.28
4/29/2020 83.49 5.46
4/30/2020 83.16 5.31
5/1/2020 84.69 5.13

Note: The market leverage ratio is the ratio of market value of equity to market value of equity plus total liabilities. Averages are calculated from available observations for the eight U.S. and three FBO LISCC firms (U.S.: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Fargo; FBO: Barclays, Credit Suisse, and Deutsche Bank) and UBS.

Source: Bloomberg.

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Figure 8: Average credit default swap (CDS) spread and market leverage ratio, 2006 to 2020 (month-end)
Date CDS average (Basis points) Market leverage average (Percent)
1/31/2006 15.11 10.58
2/28/2006 14.49 10.95
3/31/2006 14.64 11.42
4/28/2006 14.07 11.87
5/31/2006 14.88 11.26
6/30/2006 15.64 10.90
7/31/2006 14.97 11.26
8/31/2006 12.81 11.28
9/29/2006 12.51 11.60
10/31/2006 11.22 11.76
11/30/2006 11.25 11.61
12/29/2006 10.54 12.17
1/31/2007 12.05 12.43
2/28/2007 14.35 11.86
3/30/2007 16.57 11.63
4/30/2007 15.56 12.05
5/31/2007 13.65 12.05
6/29/2007 18.38 10.95
7/31/2007 44.81 11.25
8/31/2007 48.61 11.00
9/28/2007 34.87 10.50
10/31/2007 46.26 10.83
11/30/2007 58.96 10.25
12/31/2007 45.50 9.67
1/31/2008 76.72 9.62
2/29/2008 115.00 8.69
3/31/2008 115.67 8.27
4/30/2008 76.40 8.63
5/30/2008 81.03 8.28
6/30/2008 121.32 7.36
7/31/2008 117.40 8.10
8/29/2008 130.90 7.97
9/30/2008 282.48 6.70
10/31/2008 173.74 5.71
11/28/2008 198.50 5.12
12/31/2008 194.20 4.76
1/30/2009 198.60 3.91
2/27/2009 231.84 3.47
3/31/2009 259.45 4.53
4/30/2009 216.92 5.20
5/29/2009 138.85 6.41
6/30/2009 146.84 6.55
7/31/2009 97.03 6.92
8/31/2009 112.94 7.61
9/30/2009 93.53 7.87
10/30/2009 91.56 7.23
11/30/2009 100.90 7.20
12/31/2009 83.47 7.54
1/29/2010 103.55 7.32
2/26/2010 112.53 7.56
3/31/2010 93.53 8.06
4/30/2010 115.46 7.92
5/28/2010 150.67 7.21
6/30/2010 160.66 6.48
7/30/2010 120.98 7.09
8/31/2010 142.53 6.50
9/30/2010 126.26 6.58
10/29/2010 120.04 6.68
11/30/2010 137.02 6.72
12/31/2010 121.37 7.56
1/31/2011 111.07 7.83
2/28/2011 103.09 7.87
3/31/2011 104.44 7.39
4/29/2011 102.37 7.28
5/31/2011 114.27 6.97
6/30/2011 117.48 6.43
7/29/2011 129.28 6.21
8/31/2011 190.81 5.34
9/30/2011 254.95 4.51
10/31/2011 201.80 5.18
11/30/2011 282.10 4.73
12/30/2011 240.72 4.85
1/31/2012 184.38 5.31
2/29/2012 183.13 5.66
3/30/2012 180.97 6.25
4/30/2012 199.71 5.94
5/31/2012 243.94 5.17
6/29/2012 211.89 5.31
7/31/2012 197.04 5.15
8/31/2012 191.03 5.36
9/28/2012 164.97 5.58
10/31/2012 142.58 5.89
11/30/2012 134.55 5.78
12/31/2012 116.57 6.09
1/31/2013 110.29 6.64
2/28/2013 110.60 6.63
3/28/2013 121.77 6.72
4/30/2013 106.05 6.94
5/31/2013 100.98 7.55
6/28/2013 127.26 7.23
7/31/2013 107.18 7.76
8/30/2013 109.04 7.38
9/30/2013 104.92 7.53
10/31/2013 92.54 7.68
11/29/2013 78.99 8.04
12/31/2013 74.56 8.07
1/31/2014 85.88 7.80
2/28/2014 74.57 7.87
3/31/2014 70.51 8.01
4/30/2014 64.55 7.77
5/30/2014 61.15 7.77
6/30/2014 61.88 7.75
7/31/2014 67.86 7.80
8/29/2014 59.33 7.98
9/30/2014 69.34 8.12
10/31/2014 63.96 8.21
11/28/2014 59.81 8.28
12/31/2014 64.39 8.46
1/30/2015 67.21 7.62
2/27/2015 58.19 8.18
3/31/2015 63.57 8.09
4/30/2015 66.35 8.31
5/29/2015 69.40 8.52
6/30/2015 80.23 8.71
7/31/2015 71.91 9.01
8/31/2015 78.81 8.28
9/30/2015 87.84 7.98
10/30/2015 71.34 8.38
11/30/2015 72.92 8.55
12/31/2015 73.34 8.38
1/29/2016 90.80 7.33
2/29/2016 122.00 6.82
3/31/2016 110.71 6.92
4/29/2016 99.68 7.36
5/31/2016 99.07 7.39
6/30/2016 116.02 6.60
7/29/2016 101.67 6.99
8/31/2016 95.18 7.42
9/30/2016 107.76 7.16
10/31/2016 101.43 7.51
11/30/2016 100.13 8.52
12/30/2016 88.76 9.07
1/31/2017 85.64 8.96
2/28/2017 78.43 9.32
3/31/2017 76.72 9.01
4/28/2017 67.03 9.04
5/31/2017 62.90 8.72
6/30/2017 53.31 9.28
7/31/2017 53.82 9.40
8/31/2017 58.75 9.22
9/29/2017 55.27 9.60
10/31/2017 51.21 9.68
11/30/2017 49.16 9.90
12/29/2017 44.78 10.09
1/31/2018 43.43 10.67
2/28/2018 53.39 10.36
3/29/2018 65.36 9.51
4/30/2018 58.90 9.47
5/31/2018 73.66 9.21
6/29/2018 74.08 9.19
7/31/2018 61.30 9.58
8/31/2018 64.60 9.38
9/28/2018 60.39 9.17
10/31/2018 70.34 8.59
11/30/2018 85.76 8.56
12/31/2018 95.67 7.54
1/31/2019 76.50 8.22
2/28/2019 70.23 8.22
3/29/2019 72.84 7.93
4/30/2019 65.87 8.45
5/31/2019 68.98 7.44
6/28/2019 50.58 7.66
7/31/2019 48.52 7.84
8/30/2019 50.30 7.25
9/30/2019 56.28 7.61
10/31/2019 48.98 7.84
11/29/2019 46.82 8.24
12/31/2019 41.69 8.59
1/31/2020 41.87 8.12
2/28/2020 59.71 7.08
3/31/2020 111.84 4.77
4/30/2020 83.16 5.31

Note: The market leverage ratio is the ratio of market value of equity to market value of equity plus total liabilities. Averages are calculated from available observations for the eight U.S. and three FBO LISCC firms (U.S.: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Fargo; FBO: Barclays, Credit Suisse, and Deutsche Bank) and UBS.

Source: Bloomberg.

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Figure A: Total discount window borrowings (weekly average daily balance)

Billions of dollars

Date Total discount window borrowings
1/1/2020 0.026
1/8/2020 0.005
1/15/2020 0.005
1/22/2020 0.006
1/29/2020 0.006
2/5/2020 0.005
2/12/2020 0.000
2/19/2020 0.002
2/26/2020 0.002
3/4/2020 0.011
3/11/2020 0.008
3/18/2020 6.687
3/25/2020 39.929
4/1/2020 49.578
4/8/2020 43.513
4/15/2020 41.034
4/22/2020 34.953
4/29/2020 31.259

Source: H.4.1, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks."

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Last Update: May 11, 2020