Domestic Credit Card

Board of Governors of the Federal Reserve System
___________________________________________________________________

General Instructions for the Preparation of the

Quarterly and Monthly Capital Assessments and
Stress Testing Reports
Reporting Forms FR Y-14Q/M
Issued June 2012

1|Page

General Instructions for Preparation of the Quarterly
Capital Assessments and Stress Testing Reports
FR Y-14Q/M
The FR Y-14Q/M reports collects detailed data on bank holding companies’ various asset
classes and categories of pre-provision net revenue (PPNR) on a quarterly/monthly basis, which
will be used to support supervisory stress testing models and for continuous monitoring efforts.
The FR Y-14Q/M reports includes data schedules for Securities Risk; Retail Risk; PPNR;
Wholesale Risk; Trading, Private Equity, and Other Fair Value Assets (Trading); Basel III and
Dodd-Frank (Basel III); and Regulatory Capital Instruments. All of the data schedules, other
than the Basel III schedule and Regulatory Capital Instruments schedules are to be submitted
each reporting period. The Basel III and Regulatory Capital Instruments data schedules are to
be submitted for all quarters, except for the third quarter. The reporting panel consists of the
19 large domestic bank holding companies that participated in the 2012 Comprehensive Capital
Analysis and Review (CCAR 2012) 1.
P0F

P

(1) Who Must Report
(i) Reporting Criteria
a. The large domestic bank holding companies that participated in the 2012
Comprehensive Capital Analysis and Review (CCAR 2012) exercises are required to
submit the Capital Assessment and Stress Testing report to the Federal Reserve.
b. The specific reporting requirements for each bank holding company depend upon
the size of the holding company and the level of activity in certain risk types. The
number of schedules each bank holding company is required to complete is subject
to materiality threshold.
1) PPNR schedule, Basel III schedule, and Regulatory Capital Instruments
schedule: All bank holding companies must submit these schedules.
2) Trading schedule: The six bank holding companies that were specifically subject
to the market shock provided by the Federal Reserve in CCAR 2012 must submit
this schedule.
3) All other quarterly and monthly schedules: The remaining schedules are
subject to materiality thresholds. Material portfolios are defined as those with
asset balances greater than $5 billion or asset balances greater than 5 percent of
Tier 1 capital on average for the four quarters preceding the reporting quarter.
1

All but one BHC that participated in the SCAP exercise had total assets greater than $100 billion as of year-end
2008.

2|Page

For schedules that require the institutions to report information on serviced
loans, the materiality threshold is based on the asset balances associated with
the BHC’s owned portfolio. All data used to determine materiality should be
measured as of the close of business of the last calendar day of the quarter, and
assets included in a given portfolio are defined in the instructions for each
schedule. BHCs will have an option to complete the data schedules for
immaterial portfolios. If the BHCs do not complete the schedules, the Federal
Reserve will assign losses to immaterial portfolios in a manner consistent with
the given scenario to produce supervisory estimates.
(ii) Exemptions
a. Only bank holding companies that did not meet the reporting criteria listed in
paragraph one above are exempt from reporting.
(2) Where to Submit the Reports
(i) All bank holding companies subject to these reporting requirements must submit their
completed reports electronically. Bank holding companies will be provided information
on how to transmit data directly to the Federal Reserve or to the Federal Reserve
through data aggregators.
(3) When to Submit the Reports
(i) Bank holding companies must file the Capital Assessment and Stress Testing schedules
(FR Y-14Q/M) on the appropriate time schedules as described below:
a. Bank holding companies must submit data associated with quarterly data schedules
on the same time schedule as the FR Y-9C reported data (40 calendar days after the
calendar quarter-end for March, June, and September and 45 calendar days after
the calendar quarter-end for December, unless that day falls on a weekend or
holiday (subject to timely filing provisions)).
b. Bank holding companies must submit data associated with the monthly data
schedules by the 30th calendar day after the last business day of the preceding
calendar month.
c. Beginning in 2012, the quarterly Trading schedule as-of-date for the first, second,
and fourth quarters would be the same as the as-of dates for the other reported
schedules. For the 3rd quarter, the BHCs will be required to report data as part of a
market shock exercise.2 Due to the nature of this exercise, the Federal Reserve will
communicate to the appropriate bank holding companies the specific as-of date for
trading data in the 4th quarter. The data for this as-of date will be due 40 calendar
days after the notification date (notifying respondents of the as-of-date).
P

P

P

P

P

P

P

P

3|Page

d. General Timing: If the submission date falls on a weekend or holiday, the data must
be received on the first business day after the weekend or holiday. No other
extensions of time for submitting reports will be granted. The data are due by the
end of the reporting day on the submission date. Earlier submission aids the Federal
Reserve in reviewing and processing the data and is encouraged.
(4) How to Prepare the Reports
(i) Applicability of GAAP, Consolidation Rules, and Other Instructional Guidance
a. Bank holding companies are required to prepare and file the FR Y-14Q/M schedules
in accordance with generally accepted accounting principles (GAAP) and these
instructions. The financial records of the bank holding companies should be
maintained in such a manner and scope so as to ensure the FR Y-14Q/M can be
prepared and filed in accordance with these instructions and reflect a fair
presentation of bank holding companies' financial condition and assessment of their
performance under stressed scenarios.
b. Rules of Consolidation: Please see the FR Y-9C General Instructions for a discussion
of the rules of consolidation.
c. Bank holding companies should look to the following published documents (in the
order listed below) when determining the precise definition to be used in
completing the schedules:
 The FR Y-14Q/M instructions.
 The latest available FR Y-9C instructions published on the Federal Reserve’s
public web site: http://www.federalreserve.gov/reportforms.
 The Basel III Framework Document published on the Bank of International
Settlements (BIS) web site: http://www.bis.org/bcbs/basel3.htm
(ii) Confidentiality. As these data will be collected as part of the supervisory process, they
are subject to confidential treatment under exemption 8 of the Freedom of Information
Act. 5 U.S.C. 552(b)(8). In addition, commercial and financial information contained in
these information collections may be exempt from disclosure under Exemption 4. 5
U.S.C. 552(b)(4). Disclosure determinations would be made on a case-by-case basis.
(iii) Amended Reports
a. The Federal Reserve will require the filing of amended reports if reports as
previously submitted contain significant errors. In addition, a reporting institution
must file an amended report when it or the Federal Reserve discovers significant
errors or omissions subsequent to submission of a report. Failure to file amended
reports on a timely basis may subject the institution to supervisory action.
(iv) Questions and requests for interpretations. Bank holding companies should submit
any questions or requests for interpretations by email to [email protected].
2TU

U2T

2TU

2TU

U2T

U2T

4|Page