The Fed - Accessible Version - Supervision and Regulation Report

Figure 1. Share of well-capitalized banks

Percent

Date	Share of well capitalized banks
6/30/2019	99.61
9/30/2019	99.63
12/31/2019	99.62
3/31/2020	99.66
6/30/2020	96.06
9/30/2020	94.81
12/31/2020	94.65
3/31/2021	94.79
6/30/2021	93.93
9/30/2021	95.98
12/31/2021	95.78
3/31/2022	96.32
6/30/2022	97.87
9/30/2022	99.22
12/31/2022	98.93
3/31/2023	99.08
6/30/2023	99.10
9/30/2023	99.22
12/31/2023	99.17
3/31/2024	98.99
6/30/2024	99.12

Note: Banks that met the capital ratio requirements for the "well capitalized" designation according to the Prompt Corrective Action guidelines. See the appendix for further information.

Source: Call Report and FR Y-9C.

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Figure 2. Net fair value gains (losses) on investment securities

Billions of dollars

Date	Available-for-sale	Held-to-maturity
6/30/2019	22.89	13.51
9/30/2019	33.21	21.08
12/31/2019	28.13	16.54
3/31/2020	69.99	36.42
6/30/2020	91.68	40.83
9/30/2020	88.53	38.22
12/31/2020	85.19	37.33
3/31/2021	30.93	1.79
6/30/2021	41.78	12.17
9/30/2021	28.36	3.05
12/31/2021	3.01	-9.41
3/31/2022	-148.13	-141.43
6/30/2022	-224.48	-241.14
9/30/2022	-318.82	-367.06
12/31/2022	-275.51	-341.22
3/31/2023	-230.52	-284.09
6/30/2023	-248.33	-309.81
9/30/2023	-292.64	-389.29
12/31/2023	-203.17	-273.03
3/31/2024	-210.53	-304.24
6/30/2024	-202.52	-308.45

Note: Net fair value gains (losses) are computed as fair value less amortized cost.

Source: Call Report and FR Y-9C.

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Figure 3. Liquid assets as a share of total assets

Percent

Date	Cash	Securities
6/30/2019	7.84	10.95
9/30/2019	7.68	11.53
12/31/2019	7.94	11.71
3/31/2020	10.51	11.32
6/30/2020	12.09	12.10
9/30/2020	11.77	13.01
12/31/2020	12.81	13.47
3/31/2021	13.82	13.94
6/30/2021	13.27	14.43
9/30/2021	13.40	14.75
12/31/2021	12.93	15.39
3/31/2022	12.19	14.63
6/30/2022	10.66	14.39
9/30/2022	10.25	13.58
12/31/2022	10.14	13.61
3/31/2023	11.07	12.78
6/30/2023	10.67	12.26
9/30/2023	10.55	11.83
12/31/2023	10.95	12.47
3/31/2024	10.87	12.36
6/30/2024	10.22	12.41

Note: Liquid assets are cash plus estimates of securities that qualify as high-quality liquid assets as defined by the Basel III liquidity coverage ratio requirement.

Source: FR Y-9C.

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Figure 4. Uninsured deposits as a share of total assets

Percent

Date	Uninsured deposits share
6/30/2019	30.02
9/30/2019	30.80
12/31/2019	31.45
3/31/2020	32.61
6/30/2020	33.95
9/30/2020	34.27
12/31/2020	35.05
3/31/2021	35.11
6/30/2021	35.93
9/30/2021	36.02
12/31/2021	36.90
3/31/2022	36.25
6/30/2022	35.53
9/30/2022	34.79
12/31/2022	33.71
3/31/2023	31.23
6/30/2023	31.05
9/30/2023	31.10
12/31/2023	30.35
3/31/2024	30.26
6/30/2024	30.04

Note: Uninsured deposits are as reported or calculated using schedule RC-O Memoranda items of the Call Report.

Source: Call Report.

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Figure 5. Wholesale funding as a share of total assets

Percent

Date	Banks with at least $100 billion in total assets	Banks with less than $100 billion in total assets
6/30/2019	25.75	13.85
9/30/2019	25.67	13.14
12/31/2019	24.67	12.76
3/31/2020	24.50	13.96
6/30/2020	22.54	12.68
9/30/2020	21.93	11.91
12/31/2020	20.85	10.50
3/31/2021	20.47	9.54
6/30/2021	19.29	8.71
9/30/2021	18.44	8.28
12/31/2021	17.54	8.90
3/31/2022	17.35	8.73
6/30/2022	18.08	9.60
9/30/2022	18.90	10.58
12/31/2022	19.52	12.69
3/31/2023	22.66	15.34
6/30/2023	22.84	16.12
9/30/2023	23.22	15.63
12/31/2023	23.51	15.04
3/31/2024	24.12	14.48
6/30/2024	24.69	14.57

Note: Wholesale funding is defined as the sum of brokered deposits under $250,000, federal funds purchased, securities sold under agreement to repurchase, subordinated notes and debentures, and other borrowed money.

Source: Call Report and FR Y-9C.

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Figure 6. Loan delinquency rates

Percent

Date	Total	Commercial and industrial	CRE	Residential real estate	Consumer
6/30/2019	0.97	0.84	0.45	1.87	1.03
9/30/2019	0.96	0.89	0.45	1.80	1.07
12/31/2019	0.94	0.90	0.42	1.76	1.12
3/31/2020	0.97	0.92	0.51	1.73	1.16
6/30/2020	1.11	1.12	0.63	2.02	0.99
9/30/2020	1.17	1.14	0.71	2.36	0.82
12/31/2020	1.18	1.11	0.81	2.40	0.95
3/31/2021	1.13	1.00	0.80	2.39	0.88
6/30/2021	1.01	0.90	0.74	2.15	0.69
9/30/2021	0.96	0.84	0.68	2.07	0.68
12/31/2021	0.91	0.78	0.58	2.05	0.72
3/31/2022	0.87	0.77	0.55	1.88	0.73
6/30/2022	0.78	0.73	0.50	1.60	0.72
9/30/2022	0.76	0.72	0.45	1.47	0.82
12/31/2022	0.77	0.75	0.45	1.44	0.94
3/31/2023	0.79	0.74	0.56	1.41	0.98
6/30/2023	0.79	0.75	0.67	1.32	0.97
9/30/2023	0.86	0.75	0.84	1.29	1.09
12/31/2023	0.90	0.80	0.91	1.28	1.23
3/31/2024	0.94	0.90	1.00	1.28	1.24
6/30/2024	0.93	0.89	1.09	1.21	1.17

Note: Delinquent loans are those 90+ days past due or in nonaccrual status.

Source: Call Report and FR Y-9C.

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Figure 7. Income-producing CRE loan delinquency rates by property type

Percent

Date	Hotel	Industrial	Multifamily	Office	Retail
6/30/2019	0.54	0.14	0.16	0.33	0.68
9/30/2019	0.78	0.11	0.10	0.20	0.70
12/31/2019	0.16	0.13	0.12	0.21	0.70
3/31/2020	0.56	0.13	0.15	0.26	1.31
6/30/2020	1.41	0.14	0.21	0.28	2.26
9/30/2020	2.51	0.24	0.25	0.47	2.54
12/31/2020	5.66	0.22	0.36	0.48	3.24
3/31/2021	5.29	0.24	0.40	0.42	2.83
6/30/2021	4.77	0.16	0.47	0.53	2.76
9/30/2021	4.64	0.10	0.47	0.63	2.49
12/31/2021	4.35	0.14	0.48	1.10	2.19
3/31/2022	3.63	0.23	0.53	1.18	2.04
6/30/2022	4.46	0.11	0.25	1.16	1.38
9/30/2022	3.24	0.08	0.19	0.97	1.20
12/31/2022	2.87	0.43	0.43	1.85	1.98
3/31/2023	3.14	0.16	0.44	2.98	2.31
6/30/2023	2.42	0.09	0.50	4.75	2.05
9/30/2023	2.55	0.09	0.66	7.53	2.27
12/31/2023	2.39	0.12	0.63	8.81	1.73
3/31/2024	2.75	0.12	0.77	9.59	1.82
6/30/2024	2.61	0.47	1.08	11.00	1.84

Note: Delinquent loans are those 30+ days past due or in nonaccrual status.

Source: FR Y-14Q.

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Figure 8. Consumer loan delinquency rates

Percent

Date	Auto	Credit Card	Other
6/30/2019	0.74	1.34	0.71
9/30/2019	0.77	1.42	0.67
12/31/2019	0.84	1.49	0.67
3/31/2020	0.85	1.57	0.71
6/30/2020	0.75	1.39	0.53
9/30/2020	0.75	1.05	0.48
12/31/2020	0.81	1.22	0.62
3/31/2021	0.68	1.19	0.57
6/30/2021	0.64	0.84	0.51
9/30/2021	0.68	0.80	0.48
12/31/2021	0.76	0.85	0.45
3/31/2022	0.69	0.93	0.43
6/30/2022	0.75	0.89	0.42
9/30/2022	0.83	1.04	0.44
12/31/2022	0.95	1.22	0.44
3/31/2023	0.82	1.38	0.43
6/30/2023	0.88	1.35	0.33
9/30/2023	0.94	1.56	0.35
12/31/2023	1.02	1.72	0.40
3/31/2024	0.91	1.83	0.37
6/30/2024	0.97	1.66	0.33

Note: Delinquent loans are those 90+ days past due or in nonaccrual status.

Source: Call Report and FR Y-9C.

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Figure 9. Bank return on average assets and return on equity

Percent, annual rate

Date	Return on equity (left axis)	Return on average assets (right axis)
6/30/2019	10.94	1.22
9/30/2019	10.04	1.12
12/31/2019	9.55	1.05
3/31/2020	3.35	0.36
6/30/2020	5.01	0.50
9/30/2020	9.72	0.98
12/31/2020	11.27	1.14
3/31/2021	14.68	1.46
6/30/2021	13.60	1.33
9/30/2021	12.44	1.22
12/31/2021	11.04	1.06
3/31/2022	9.83	0.92
6/30/2022	9.86	0.89
9/30/2022	10.33	0.94
12/31/2022	11.02	0.98
3/31/2023	13.01	1.20
6/30/2023	10.52	0.97
9/30/2023	10.33	0.96
12/31/2023	4.78	0.44
3/31/2024	10.43	0.97
6/30/2024	11.12	1.04

Note: Return on equity is net income divided by average equity capital, and return on average assets is net income divided by average assets.

Source: Call Report and FR Y-9C.

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Figure 10. Aggregate net interest margin

Percent, annual rate

Date	Net interest margin
6/30/2019	2.76
9/30/2019	2.71
12/31/2019	2.68
3/31/2020	2.61
6/30/2020	2.30
9/30/2020	2.22
12/31/2020	2.24
3/31/2021	2.13
6/30/2021	2.09
9/30/2021	2.10
12/31/2021	2.07
3/31/2022	2.09
6/30/2022	2.26
9/30/2022	2.52
12/31/2022	2.68
3/31/2023	2.66
6/30/2023	2.61
9/30/2023	2.64
12/31/2023	2.61
3/31/2024	2.54
6/30/2024	2.54

Note: Net interest margin is net interest income divided by average earning assets.

Source: Call Report and FR Y-9C.

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Figure 11. Average market leverage ratio and average credit default swap (CDS) spread (daily)

Basis points, Percent

Date	Average CDS spread (left axis)	Average market leverage ratio (right axis)
1/1/2023	87.80	8.72
1/2/2023	88.79	8.78
1/3/2023	89.79	8.84
1/4/2023	88.30	8.97
1/5/2023	88.89	8.91
1/6/2023	83.88	9.04
1/7/2023	83.25	9.03
1/8/2023	82.62	9.03
1/9/2023	81.99	9.03
1/10/2023	78.84	9.09
1/11/2023	76.56	9.16
1/12/2023	75.39	9.20
1/13/2023	75.81	9.36
1/14/2023	75.57	9.35
1/15/2023	75.33	9.35
1/16/2023	75.09	9.35
1/17/2023	74.85	9.35
1/18/2023	74.28	9.22
1/19/2023	77.33	9.12
1/20/2023	78.36	9.24
1/21/2023	78.18	9.29
1/22/2023	78.00	9.33
1/23/2023	77.82	9.37
1/24/2023	77.05	9.36
1/25/2023	77.03	9.37
1/26/2023	74.99	9.48
1/27/2023	74.36	9.48
1/28/2023	71.77	9.47
1/29/2023	69.18	9.46
1/30/2023	66.60	9.45
1/31/2023	73.67	9.56
2/1/2023	72.38	9.61
2/2/2023	68.33	9.62
2/3/2023	66.31	9.63
2/4/2023	66.72	9.63
2/5/2023	67.13	9.64
2/6/2023	67.54	9.64
2/7/2023	68.08	9.74
2/8/2023	68.07	9.74
2/9/2023	67.11	9.62
2/10/2023	68.69	9.63
2/11/2023	68.67	9.66
2/12/2023	68.64	9.69
2/13/2023	68.62	9.72
2/14/2023	68.20	9.74
2/15/2023	68.77	9.75
2/16/2023	70.09	9.64
2/17/2023	70.83	9.64
2/18/2023	71.37	9.58
2/19/2023	71.91	9.53
2/20/2023	72.45	9.48
2/21/2023	72.99	9.43
2/22/2023	74.04	9.39
2/23/2023	73.38	9.41
2/24/2023	74.03	9.43
2/25/2023	74.07	9.44
2/26/2023	74.12	9.45
2/27/2023	74.16	9.46
2/28/2023	73.68	9.43
3/1/2023	73.58	9.41
3/2/2023	74.06	9.35
3/3/2023	72.27	9.53
3/4/2023	71.66	9.52
3/5/2023	71.05	9.51
3/6/2023	70.44	9.51
3/7/2023	70.72	9.23
3/8/2023	71.31	9.20
3/9/2023	73.39	8.83
3/10/2023	84.13	8.73
3/11/2023	90.70	8.60
3/12/2023	97.26	8.46
3/13/2023	103.83	8.33
3/14/2023	97.59	8.56
3/15/2023	108.71	8.26
3/16/2023	108.69	8.37
3/17/2023	107.80	8.08
3/18/2023	108.92	8.11
3/19/2023	110.04	8.13
3/20/2023	111.16	8.16
3/21/2023	102.30	8.40
3/22/2023	97.52	8.21
3/23/2023	100.59	8.11
3/24/2023	112.40	8.03
3/25/2023	111.79	8.09
3/26/2023	111.18	8.15
3/27/2023	110.57	8.22
3/28/2023	108.70	8.22
3/29/2023	104.87	8.34
3/30/2023	95.89	8.31
3/31/2023	93.89	8.23
4/1/2023	91.94	8.22
4/2/2023	89.99	8.22
4/3/2023	88.04	8.21
4/4/2023	94.51	8.08
4/5/2023	103.76	8.06
4/6/2023	107.06	8.08
4/7/2023	107.44	8.09
4/8/2023	107.81	8.11
4/9/2023	108.18	8.12
4/10/2023	108.56	8.13
4/11/2023	108.42	8.23
4/12/2023	105.04	8.23
4/13/2023	98.73	8.28
4/14/2023	86.60	8.45
4/15/2023	86.83	8.45
4/16/2023	87.05	8.44
4/17/2023	87.27	8.43
4/18/2023	83.05	8.50
4/19/2023	83.48	8.50
4/20/2023	84.64	8.46
4/21/2023	85.57	8.43
4/22/2023	86.26	8.42
4/23/2023	86.96	8.42
4/24/2023	87.65	8.42
4/25/2023	90.04	8.22
4/26/2023	95.89	8.12
4/27/2023	95.09	8.22
4/28/2023	94.20	8.27
4/29/2023	94.39	8.26
4/30/2023	94.57	8.25
5/1/2023	94.75	8.25
5/2/2023	99.92	8.08
5/3/2023	102.99	7.96
5/4/2023	111.72	7.76
5/5/2023	107.20	7.94
5/6/2023	105.94	7.95
5/7/2023	104.68	7.95
5/8/2023	103.42	7.96
5/9/2023	105.88	7.95
5/10/2023	104.94	7.90
5/11/2023	106.17	7.86
5/12/2023	106.44	7.77
5/13/2023	105.48	7.81
5/14/2023	104.51	7.85
5/15/2023	103.54	7.88
5/16/2023	102.26	7.79
5/17/2023	98.30	8.03
5/18/2023	96.71	8.04
5/19/2023	94.94	7.96
5/20/2023	94.29	7.97
5/21/2023	93.64	7.98
5/22/2023	92.99	7.99
5/23/2023	91.73	7.99
5/24/2023	94.87	7.88
5/25/2023	91.67	7.93
5/26/2023	89.47	8.01
5/27/2023	88.73	8.01
5/28/2023	87.99	8.01
5/29/2023	87.25	8.01
5/30/2023	86.50	8.00
5/31/2023	86.50	7.87
6/1/2023	85.47	7.93
6/2/2023	83.59	8.13
6/3/2023	83.42	8.12
6/4/2023	83.25	8.10
6/5/2023	83.09	8.08
6/6/2023	81.72	8.23
6/7/2023	80.92	8.32
6/8/2023	81.35	8.31
6/9/2023	80.96	8.32
6/10/2023	81.18	8.32
6/11/2023	81.40	8.32
6/12/2023	81.62	8.31
6/13/2023	81.19	8.40
6/14/2023	80.78	8.34
6/15/2023	81.55	8.42
6/16/2023	80.94	8.38
6/17/2023	81.04	8.36
6/18/2023	81.14	8.34
6/19/2023	81.24	8.32
6/20/2023	81.34	8.29
6/21/2023	80.49	8.25
6/22/2023	81.44	8.12
6/23/2023	81.20	8.04
6/24/2023	81.61	8.04
6/25/2023	82.02	8.04
6/26/2023	82.43	8.05
6/27/2023	81.96	8.12
6/28/2023	81.63	8.08
6/29/2023	80.95	8.25
6/30/2023	80.33	8.27
7/1/2023	79.96	8.30
7/2/2023	79.59	8.33
7/3/2023	79.22	8.37
7/4/2023	79.49	8.34
7/5/2023	79.76	8.30
7/6/2023	80.43	8.16
7/7/2023	79.54	8.21
7/8/2023	79.08	8.21
7/9/2023	78.62	8.21
7/10/2023	78.17	8.21
7/11/2023	76.36	8.32
7/12/2023	74.30	8.40
7/13/2023	73.70	8.47
7/14/2023	73.41	8.21
7/15/2023	73.41	8.24
7/16/2023	73.40	8.27
7/17/2023	73.40	8.30
7/18/2023	71.14	8.52
7/19/2023	70.11	8.62
7/20/2023	70.37	8.70
7/21/2023	69.82	8.66
7/22/2023	69.78	8.70
7/23/2023	69.73	8.74
7/24/2023	69.69	8.78
7/25/2023	68.81	8.69
7/26/2023	67.65	8.75
7/27/2023	66.02	8.67
7/28/2023	65.50	8.62
7/29/2023	65.37	8.63
7/30/2023	65.25	8.65
7/31/2023	65.12	8.66
8/1/2023	64.78	8.62
8/2/2023	65.86	8.54
8/3/2023	66.60	8.54
8/4/2023	66.17	8.51
8/5/2023	66.35	8.54
8/6/2023	66.53	8.56
8/7/2023	66.70	8.58
8/8/2023	67.62	8.48
8/9/2023	67.24	8.38
8/10/2023	65.95	8.40
8/11/2023	66.15	8.43
8/12/2023	66.05	8.41
8/13/2023	65.96	8.39
8/14/2023	65.86	8.36
8/15/2023	66.38	8.20
8/16/2023	66.37	8.13
8/17/2023	67.00	8.11
8/18/2023	68.35	8.08
8/19/2023	68.44	8.07
8/20/2023	68.52	8.06
8/21/2023	68.60	8.05
8/22/2023	68.75	7.90
8/23/2023	68.91	7.97
8/24/2023	69.07	7.97
8/25/2023	69.62	7.96
8/26/2023	69.60	7.98
8/27/2023	69.58	8.01
8/28/2023	69.56	8.04
8/29/2023	68.81	8.10
8/30/2023	67.89	8.07
8/31/2023	67.45	8.05
9/1/2023	67.20	8.10
9/2/2023	67.26	8.09
9/3/2023	67.32	8.08
9/4/2023	67.38	8.06
9/5/2023	67.44	8.05
9/6/2023	68.73	8.00
9/7/2023	69.34	7.96
9/8/2023	69.76	8.01
9/9/2023	69.92	8.01
9/10/2023	70.07	8.02
9/11/2023	70.23	8.02
9/12/2023	69.83	8.15
9/13/2023	70.23	8.17
9/14/2023	70.17	8.31
9/15/2023	70.56	8.26
9/16/2023	70.54	8.26
9/17/2023	70.52	8.26
9/18/2023	70.50	8.26
9/19/2023	70.40	8.22
9/20/2023	73.01	8.14
9/21/2023	74.26	8.03
9/22/2023	75.32	7.92
9/23/2023	75.68	7.92
9/24/2023	76.04	7.93
9/25/2023	76.40	7.93
9/26/2023	78.67	7.83
9/27/2023	79.24	7.83
9/28/2023	81.13	7.90
9/29/2023	81.14	7.85
9/30/2023	81.71	7.83
10/1/2023	82.28	7.81
10/2/2023	82.85	7.79
10/3/2023	84.43	7.63
10/4/2023	85.83	7.66
10/5/2023	86.58	7.68
10/6/2023	87.89	7.76
10/7/2023	87.57	7.76
10/8/2023	87.24	7.75
10/9/2023	86.91	7.75
10/10/2023	83.99	7.81
10/11/2023	82.06	7.79
10/12/2023	81.68	7.72
10/13/2023	81.38	7.75
10/14/2023	81.60	7.77
10/15/2023	81.81	7.80
10/16/2023	82.03	7.83
10/17/2023	81.94	7.91
10/18/2023	82.60	7.75
10/19/2023	82.68	7.63
10/20/2023	83.83	7.54
10/21/2023	84.97	7.51
10/22/2023	86.11	7.48
10/23/2023	87.25	7.44
10/24/2023	88.39	7.45
10/25/2023	89.53	7.42
10/26/2023	90.68	7.49
10/27/2023	91.82	7.31
10/28/2023	91.91	7.34
10/29/2023	92.00	7.38
10/30/2023	92.09	7.42
10/31/2023	91.87	7.49
11/1/2023	90.89	7.51
11/2/2023	88.16	7.70
11/3/2023	83.01	7.88
11/4/2023	82.19	7.87
11/5/2023	81.37	7.85
11/6/2023	80.55	7.84
11/7/2023	80.64	7.80
11/8/2023	78.95	7.82
11/9/2023	78.47	7.75
11/10/2023	78.97	7.84
11/11/2023	78.92	7.84
11/12/2023	78.88	7.84
11/13/2023	78.83	7.83
11/14/2023	76.08	8.07
11/15/2023	74.13	8.14
11/16/2023	73.81	8.14
11/17/2023	73.97	8.22
11/18/2023	73.84	8.22
11/19/2023	73.72	8.21
11/20/2023	73.59	8.21
11/21/2023	72.71	8.14
11/22/2023	72.20	8.17
11/23/2023	72.08	8.19
11/24/2023	71.96	8.20
11/25/2023	72.07	8.18
11/26/2023	72.18	8.17
11/27/2023	72.29	8.16
11/28/2023	71.48	8.16
11/29/2023	69.75	8.27
11/30/2023	69.78	8.35
12/1/2023	69.31	8.46
12/2/2023	69.20	8.46
12/3/2023	69.10	8.47
12/4/2023	69.00	8.48
12/5/2023	68.03	8.40
12/6/2023	68.61	8.34
12/7/2023	68.02	8.44
12/8/2023	67.13	8.55
12/9/2023	67.08	8.55
12/10/2023	67.03	8.56
12/11/2023	66.98	8.57
12/12/2023	66.45	8.61
12/13/2023	64.42	8.79
12/14/2023	60.49	9.11
12/15/2023	61.15	9.09
12/16/2023	60.99	9.08
12/17/2023	60.84	9.06
12/18/2023	60.69	9.05
12/19/2023	60.82	9.13
12/20/2023	60.53	9.02
12/21/2023	61.10	9.09
12/22/2023	60.57	9.09
12/23/2023	60.43	9.11
12/24/2023	60.29	9.12
12/25/2023	60.15	9.14
12/26/2023	60.02	9.15
12/27/2023	59.87	9.18
12/28/2023	59.68	9.20
12/29/2023	59.83	9.17
12/30/2023	60.14	9.15
12/31/2023	60.45	9.13
1/1/2024	60.76	9.11
1/2/2024	61.07	9.09
1/3/2024	64.10	9.00
1/4/2024	65.23	9.03
1/5/2024	64.58	9.12
1/6/2024	64.80	9.12
1/7/2024	65.02	9.12
1/8/2024	65.24	9.13
1/9/2024	64.21	9.04
1/10/2024	62.22	9.01
1/11/2024	61.75	8.95
1/12/2024	62.01	8.91
1/13/2024	62.01	8.88
1/14/2024	62.02	8.86
1/15/2024	62.02	8.84
1/16/2024	62.03	8.81
1/17/2024	62.79	8.73
1/18/2024	62.77	8.71
1/19/2024	61.82	8.83
1/20/2024	61.51	8.84
1/21/2024	61.20	8.84
1/22/2024	60.89	8.85
1/23/2024	60.04	8.86
1/24/2024	59.65	8.90
1/25/2024	58.95	8.97
1/26/2024	57.49	8.97
1/27/2024	57.46	8.98
1/28/2024	57.42	8.99
1/29/2024	57.38	9.00
1/30/2024	56.72	9.12
1/31/2024	57.05	9.02
2/1/2024	58.29	8.96
2/2/2024	59.10	8.99
2/3/2024	58.98	8.96
2/4/2024	58.87	8.93
2/5/2024	58.75	8.90
2/6/2024	58.63	8.90
2/7/2024	58.56	8.93
2/8/2024	58.39	8.89
2/9/2024	58.20	8.89
2/10/2024	58.05	8.92
2/11/2024	57.91	8.95
2/12/2024	57.76	8.98
2/13/2024	57.27	8.78
2/14/2024	57.69	8.84
2/15/2024	56.91	9.06
2/16/2024	56.03	9.04
2/17/2024	56.01	9.03
2/18/2024	55.99	9.02
2/19/2024	55.98	9.01
2/20/2024	55.96	9.00
2/21/2024	55.57	9.05
2/22/2024	53.95	9.10
2/23/2024	53.57	9.15
2/24/2024	53.52	9.14
2/25/2024	53.47	9.12
2/26/2024	53.42	9.11
2/27/2024	53.93	9.16
2/28/2024	53.89	9.16
2/29/2024	54.45	9.21
3/1/2024	54.42	9.18
3/2/2024	54.36	9.22
3/3/2024	54.31	9.26
3/4/2024	54.25	9.30
3/5/2024	54.08	9.32
3/6/2024	53.98	9.28
3/7/2024	54.32	9.28
3/8/2024	53.89	9.29
3/9/2024	53.81	9.30
3/10/2024	53.73	9.30
3/11/2024	53.66	9.31
3/12/2024	53.37	9.32
3/13/2024	52.66	9.39
3/14/2024	52.41	9.30
3/15/2024	52.70	9.31
3/16/2024	52.73	9.33
3/17/2024	52.76	9.34
3/18/2024	52.79	9.36
3/19/2024	52.75	9.36
3/20/2024	54.53	9.52
3/21/2024	53.52	9.70
3/22/2024	53.80	9.59
3/23/2024	54.07	9.58
3/24/2024	54.34	9.56
3/25/2024	54.61	9.55
3/26/2024	54.12	9.58
3/27/2024	53.75	9.73
3/28/2024	53.23	9.78
3/29/2024	53.19	9.67
3/30/2024	53.15	9.55
3/31/2024	53.11	9.43
4/1/2024	53.08	9.32
4/2/2024	53.18	9.28
4/3/2024	52.52	9.29
4/4/2024	52.08	9.18
4/5/2024	52.78	9.23
4/6/2024	52.78	9.24
4/7/2024	52.78	9.26
4/8/2024	52.77	9.28
4/9/2024	52.77	9.29
4/10/2024	53.56	9.11
4/11/2024	54.66	9.01
4/12/2024	56.93	8.88
4/13/2024	57.25	8.88
4/14/2024	57.57	8.89
4/15/2024	57.90	8.90
4/16/2024	60.05	8.80
4/17/2024	60.14	8.85
4/18/2024	60.27	8.93
4/19/2024	60.02	9.07
4/20/2024	60.04	9.12
4/21/2024	60.06	9.17
4/22/2024	60.08	9.22
4/23/2024	57.15	9.32
4/24/2024	55.73	9.32
4/25/2024	56.33	9.24
4/26/2024	55.47	9.27
4/27/2024	55.32	9.27
4/28/2024	55.17	9.27
4/29/2024	55.03	9.26
4/30/2024	54.51	9.15
5/1/2024	56.01	9.17
5/2/2024	55.13	9.20
5/3/2024	53.97	9.24
5/4/2024	53.96	9.27
5/5/2024	53.94	9.30
5/6/2024	53.93	9.33
5/7/2024	53.47	9.34
5/8/2024	53.88	9.40
5/9/2024	53.29	9.51
5/10/2024	52.06	9.55
5/11/2024	51.86	9.53
5/12/2024	51.67	9.52
5/13/2024	51.48	9.51
5/14/2024	50.86	9.59
5/15/2024	50.55	9.67
5/16/2024	49.42	9.64
5/17/2024	48.71	9.69
5/18/2024	48.61	9.65
5/19/2024	48.51	9.61
5/20/2024	48.41	9.57
5/21/2024	47.44	9.68
5/22/2024	46.96	9.62
5/23/2024	46.58	9.50
5/24/2024	47.07	9.58
5/25/2024	46.84	9.56
5/26/2024	46.61	9.54
5/27/2024	46.38	9.52
5/28/2024	46.16	9.50
5/29/2024	46.91	9.42
5/30/2024	47.22	9.44
5/31/2024	47.28	9.57
6/1/2024	47.69	9.56
6/2/2024	48.09	9.55
6/3/2024	48.50	9.54
6/4/2024	49.77	9.46
6/5/2024	50.30	9.48
6/6/2024	50.51	9.46
6/7/2024	50.49	9.51
6/8/2024	50.44	9.50
6/9/2024	50.39	9.49
6/10/2024	50.35	9.48
6/11/2024	51.81	9.28
6/12/2024	51.13	9.30
6/13/2024	51.02	9.30
6/14/2024	54.30	9.28
6/15/2024	54.33	9.30
6/16/2024	54.36	9.33
6/17/2024	54.38	9.36
6/18/2024	53.04	9.45
6/19/2024	53.12	9.45
6/20/2024	53.20	9.46
6/21/2024	53.28	9.37
6/22/2024	53.36	9.41
6/23/2024	53.44	9.45
6/24/2024	53.52	9.49
6/25/2024	53.32	9.42
6/26/2024	53.98	9.38
6/27/2024	54.21	9.39
6/28/2024	53.57	9.54
6/29/2024	53.50	9.61
6/30/2024	53.43	9.68
7/1/2024	53.36	9.75
7/2/2024	52.86	9.84
7/3/2024	51.97	9.85
7/4/2024	51.13	9.80
7/5/2024	50.29	9.75
7/6/2024	50.07	9.75
7/7/2024	49.85	9.75
7/8/2024	49.62	9.76
7/9/2024	49.51	9.90
7/10/2024	48.86	9.96
7/11/2024	48.54	10.00
7/12/2024	49.48	9.97
7/13/2024	49.20	10.01
7/14/2024	48.93	10.06
7/15/2024	48.65	10.11
7/16/2024	47.73	10.35
7/17/2024	48.10	10.38
7/18/2024	48.58	10.16
7/19/2024	48.92	10.10
7/20/2024	48.90	10.10
7/21/2024	48.88	10.10
7/22/2024	48.85	10.10
7/23/2024	48.37	10.14
7/24/2024	48.61	10.08
7/25/2024	50.84	10.15
7/26/2024	50.37	10.23
7/27/2024	50.39	10.20
7/28/2024	50.40	10.16
7/29/2024	50.42	10.13
7/30/2024	50.42	10.24
7/31/2024	50.58	10.17
8/1/2024	52.13	9.95
8/2/2024	57.45	9.46
8/3/2024	58.48	9.38
8/4/2024	59.51	9.29
8/5/2024	60.54	9.20
8/6/2024	62.36	9.31
8/7/2024	58.97	9.29
8/8/2024	58.34	9.48
8/9/2024	59.19	9.52
8/10/2024	58.97	9.50
8/11/2024	58.74	9.49
8/12/2024	58.52	9.48
8/13/2024	59.24	9.58
8/14/2024	56.85	9.69
8/15/2024	54.22	9.79
8/16/2024	53.29	9.88
8/17/2024	53.08	9.90
8/18/2024	52.86	9.91
8/19/2024	52.64	9.93
8/20/2024	52.67	9.84
8/21/2024	52.36	9.82
8/22/2024	52.29	9.88
8/23/2024	50.39	10.02
8/24/2024	50.28	10.03
8/25/2024	50.17	10.04
8/26/2024	50.06	10.04
8/27/2024	49.54	10.04
8/28/2024	49.79	10.05
8/29/2024	49.54	10.11
8/30/2024	49.12	10.22
8/31/2024	49.31	10.18
9/1/2024	49.49	10.13
9/2/2024	49.67	10.09
9/3/2024	49.85	10.05
9/4/2024	50.30	10.04
9/5/2024	50.54	9.97
9/6/2024	51.10	9.72
9/7/2024	51.00	9.77
9/8/2024	50.90	9.81
9/9/2024	50.80	9.86
9/10/2024	51.99	9.67
9/11/2024	53.63	9.68
9/12/2024	54.05	9.64
9/13/2024	54.18	9.69
9/14/2024	53.80	9.74
9/15/2024	53.42	9.79
9/16/2024	53.04	9.85
9/17/2024	52.15	9.91
9/18/2024	52.35	9.90
9/19/2024	50.55	10.11
9/20/2024	53.85	10.10
9/21/2024	54.02	10.10
9/22/2024	54.19	10.09
9/23/2024	54.37	10.09
9/24/2024	53.80	10.04
9/25/2024	55.11	9.99
9/26/2024	54.47	10.09
9/27/2024	54.82	10.08
9/28/2024	55.07	10.09
9/29/2024	55.33	10.10
9/30/2024	55.59	10.11
10/1/2024	56.45	10.00
10/2/2024	56.60	10.00

Note: The average market leverage ratio and the average CDS spread are calculated as simple averages from available observations for the eight LISCC firms (Bank of America Corporation; The Bank of New York Mellon Corporation; Citigroup Inc.; The Goldman Sachs Group; JPMorgan Chase & Co.; Morgan Stanley; State Street Corporation; and Wells Fargo & Company). See the appendix for further information on the market leverage ratio and CDS spreads.

Source: Federal Reserve staff calculations using Bloomberg data.

Return to text

Figure 12. Ratings for large financial institutions

Percent

Year	Satisfactory	Less-than-satisfactory
2020	0.55	0.45
2021	0.51	0.49
2022	0.43	0.57
2023	0.35	0.65
2024	0.33	0.67

Note: Large financial institutions are rated according to three components: Capital Planning and Positions; Liquidity Risk Management and Positions; and Governance and Controls. Bars show the percentage of satisfactory and less-than-satisfactory ratings across all components. The 2024 value is as of the end of 2024:Q2. Key identifies bars in order from top to bottom. Data are revised since the publication of the May 2024 Supervision and Regulation Report.