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  4. Supervision and Regulation Report - November 2023

Federal Reserve Supervision and Regulation Report

Accessible Version - Supervision and Regulation Report - November 2023

Figure 1. Aggregate common equity tier 1 (CET1) capital ratio

Percent

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Date Tier 1 Common Equity Capital Ratio
12/31/2017 12.52
3/31/2018 12.25
6/30/2018 12.38
9/30/2018 12.44
12/31/2018 12.43
3/31/2019 12.53
6/30/2019 12.57
9/30/2019 12.48
12/31/2019 12.41
3/31/2020 11.82
6/30/2020 12.26
9/30/2020 12.66
12/31/2020 12.81
3/31/2021 12.96
6/30/2021 12.95
9/30/2021 12.84
12/31/2021 12.63
3/31/2022 12.14
6/30/2022 12.08
9/30/2022 12.10
12/31/2022 12.29
3/31/2023 12.40
6/30/2023 12.49

Note: CET1 capital ratio is the ratio of common equity tier 1 capital to risk-weighted assets. See appendix A for further information. Community bank leverage ratio adopters (currently, about 37 percent of firms) are excluded from the figure.

Source: Call Report and FR Y-9C.

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Figure 2. Liquid assets as a share of total assets

Percent

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Date Cash Securities
12/31/2017 9.52 10.455
3/31/2018 9.72 10.235
6/30/2018 9.18 10.452
9/30/2018 9.20 10.473
12/31/2018 8.45 10.799
3/31/2019 8.12 10.737
6/30/2019 7.84 10.89
9/30/2019 7.68 11.476
12/31/2019 7.94 11.505
3/31/2020 10.49 11.148
6/30/2020 12.09 11.886
9/30/2020 11.78 12.769
12/31/2020 12.81 13.228
3/31/2021 13.82 13.705
6/30/2021 13.27 14.197
9/30/2021 13.40 14.517
12/31/2021 12.93 15.138
3/31/2022 12.19 14.44
6/30/2022 10.66 14.216
9/30/2022 10.25 13.397
12/31/2022 10.14 13.431
3/31/2023 11.07 12.607
6/30/2023 10.67 12.091

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

Source: FR Y-9C.

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Figure 3. Deposits

Trillions of dollars

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Date Deposits
12/7/2022 17.75
12/14/2022 17.74
12/21/2022 17.76
12/28/2022 17.72
1/4/2023 17.74
1/11/2023 17.68
1/18/2023 17.72
1/25/2023 17.72
2/1/2023 17.71
2/8/2023 17.66
2/15/2023 17.67
2/22/2023 17.64
3/1/2023 17.61
3/8/2023 17.55
3/15/2023 17.42
3/22/2023 17.32
3/29/2023 17.28
4/5/2023 17.29
4/12/2023 17.23
4/19/2023 17.26
4/26/2023 17.23
5/3/2023 17.25
5/10/2023 17.23
5/17/2023 17.25
5/24/2023 17.3
5/31/2023 17.34
6/7/2023 17.28
6/14/2023 17.3
6/21/2023 17.34
6/28/2023 17.34
7/5/2023 17.37
7/12/2023 17.31
7/19/2023 17.35
7/26/2023 17.35
8/2/2023 17.37
8/9/2023 17.35
8/16/2023 17.31
8/23/2023 17.34
8/30/2023 17.28
9/6/2023 17.31
9/13/2023 17.3
9/20/2023 17.34

Note: Data are seasonally adjusted and for all commerical banks.

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

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Figure 4. Wholesale funding as a share of total assets

Percent

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Date Wholesale funding to assets
12/31/2017 22.701
3/31/2018 22.477
6/30/2018 22.595
9/30/2018 22.553
12/31/2018 22.753
3/31/2019 23.065
6/30/2019 23.096
9/30/2019 22.865
12/31/2019 21.972
3/31/2020 22.198
6/30/2020 20.297
9/30/2020 19.587
12/31/2020 18.536
3/31/2021 18.009
6/30/2021 16.901
9/30/2021 16.175
12/31/2021 15.579
3/31/2022 15.429
6/30/2022 16.207
9/30/2022 17.063
12/31/2022 17.988
3/31/2023 21.096
6/30/2023 21.367

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 other borrowed money.

 

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Figure 5. Loan delinquency rates

Percent

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Date Total C&I CRE RRE Consumer
12/31/2007 1.49 0.72 1.70 1.92 1.85
3/31/2008 1.76 0.85 2.39 2.21 1.87
6/30/2008 2.05 1.08 2.94 2.61 1.83
9/30/2008 2.46 1.23 3.33 3.41 1.90
12/31/2008 3.14 1.77 4.01 4.30 2.26
3/31/2009 4.00 2.43 5.13 5.47 2.50
6/30/2009 4.64 3.03 6.28 6.16 2.64
9/30/2009 5.29 3.75 7.06 7.29 2.49
12/31/2009 5.71 3.60 7.47 8.39 2.47
3/31/2010 5.66 3.27 7.78 8.69 2.51
6/30/2010 5.44 3.03 7.58 8.49 2.26
9/30/2010 5.34 2.92 7.47 8.46 2.14
12/31/2010 5.04 2.69 6.83 8.37 2.00
3/31/2011 4.81 2.07 6.65 8.40 1.81
6/30/2011 4.51 1.78 6.12 8.28 1.58
9/30/2011 4.39 1.57 5.71 8.31 1.53
12/31/2011 4.28 1.41 5.25 8.52 1.53
3/31/2012 4.20 1.26 4.86 8.35 1.47
6/30/2012 3.93 1.15 4.31 8.09 1.28
9/30/2012 3.90 1.04 3.94 8.37 1.32
12/31/2012 3.63 0.96 3.43 8.14 1.24
3/31/2013 3.47 0.92 3.13 7.90 1.19
6/30/2013 3.18 0.87 2.70 7.43 1.10
9/30/2013 2.94 0.85 2.39 6.94 1.09
12/31/2013 2.69 0.71 2.04 6.57 1.10
3/31/2014 2.53 0.68 1.85 6.22 1.07
6/30/2014 2.31 0.66 1.61 5.78 1.00
9/30/2014 2.18 0.62 1.48 5.45 1.02
12/31/2014 2.02 0.54 1.29 5.20 1.00
3/31/2015 1.90 0.59 1.16 4.85 0.90
6/30/2015 1.77 0.65 1.01 4.52 0.83
9/30/2015 1.68 0.74 0.90 4.24 0.87
12/31/2015 1.64 0.84 0.80 4.09 0.97
3/31/2016 1.65 1.33 0.77 3.81 0.92
6/30/2016 1.57 1.43 0.70 3.53 0.90
9/30/2016 1.52 1.41 0.65 3.37 0.97
12/31/2016 1.51 1.35 0.62 3.33 1.04
3/31/2017 1.44 1.26 0.58 3.13 1.06
6/30/2017 1.30 1.16 0.56 2.75 0.99
9/30/2017 1.27 1.07 0.54 2.67 1.08
12/31/2017 1.25 0.95 0.51 2.76 1.13
3/31/2018 1.20 0.90 0.51 2.61 1.11
6/30/2018 1.11 0.84 0.50 2.38 1.04
9/30/2018 1.06 0.78 0.47 2.23 1.05
12/31/2018 1.03 0.73 0.47 2.14 1.14
3/31/2019 1.03 0.86 0.48 2.03 1.11
6/30/2019 0.97 0.84 0.46 1.87 1.03
9/30/2019 0.96 0.89 0.45 1.80 1.07
12/31/2019 0.94 0.89 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 0.79 0.55 1.88 0.73
6/30/2022 0.78 0.73 0.50 1.60 0.72
9/30/2022 0.75 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 0.57 1.41 0.98
6/30/2023 0.79 0.75 0.67 1.32 0.98

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 6. Income producing CRE loan delinquency rates by property type

Percent

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Date Hotel Industrial Multifamily Office Retail
12/31/2013 1.41 2.18 0.69 1.34 1.60
3/31/2014 0.96 1.44 0.62 1.09 1.62
6/30/2014 1.00 1.32 0.51 1.22 1.11
9/30/2014 0.75 1.27 0.33 1.19 1.03
12/31/2014 0.80 1.21 0.37 1.18 0.91
3/31/2015 1.27 0.82 0.30 0.80 0.81
6/30/2015 0.98 1.01 0.29 0.82 0.69
9/30/2015 0.34 0.89 0.22 0.55 0.62
12/31/2015 0.40 0.63 0.23 0.51 0.53
3/31/2016 0.65 0.59 0.19 0.57 0.43
6/30/2016 0.27 0.55 0.23 0.41 0.33
9/30/2016 0.22 0.47 0.11 0.40 0.23
12/31/2016 0.14 0.48 0.26 0.36 0.33
3/31/2017 0.28 0.41 0.16 0.36 0.38
6/30/2017 0.43 0.36 0.13 0.30 0.48
9/30/2017 0.59 0.24 0.12 0.40 0.54
12/31/2017 0.47 0.23 0.16 0.34 0.46
3/31/2018 0.42 0.44 0.15 0.37 0.55
6/30/2018 0.51 0.16 0.20 0.26 0.57
9/30/2018 0.24 0.21 0.16 0.32 0.63
12/31/2018 0.35 0.24 0.24 0.22 0.70
3/31/2019 0.63 0.19 0.16 0.29 0.80
6/30/2019 0.58 0.16 0.16 0.35 0.71
9/30/2019 0.91 0.16 0.11 0.27 0.72
12/31/2019 0.16 0.16 0.15 0.24 0.72
3/31/2020 0.56 0.17 0.19 0.29 1.35
6/30/2020 1.53 0.16 0.24 0.32 2.30
9/30/2020 2.79 0.28 0.29 0.49 2.59
12/31/2020 5.67 0.26 0.50 0.53 3.44
3/31/2021 5.30 0.25 0.60 0.44 3.02
6/30/2021 4.88 0.17 0.52 0.58 2.82
9/30/2021 4.67 0.15 0.50 0.68 2.53
12/31/2021 4.37 0.17 0.54 1.13 2.21
3/31/2022 3.66 0.25 0.59 1.19 2.07
6/30/2022 4.52 0.14 0.31 1.21 1.52
9/30/2022 3.30 0.10 0.24 1.05 1.36
12/31/2022 2.90 0.44 0.45 1.86 2.19
3/31/2023 3.18 0.17 0.50 3.06 2.40
6/30/2023 2.60 0.12 0.56 4.87 2.18

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

Source: FR Y-14Q.

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Figure 7. Consumer loan delinquency rates

Percent

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Date Auto Credit Card Other
12/31/2017 0.90 1.41 0.81
3/31/2018 0.82 1.43 0.78
6/30/2018 0.88 1.30 0.71
9/30/2018 0.76 1.36 0.75
12/31/2018 0.82 1.47 0.81
3/31/2019 0.71 1.50 0.77
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

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 8. Bank Return on Average Assets (ROAA) and Return on Equity (ROE)

Percent, annual rate

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Date ROE (left axis) ROAA (right axis)
12/31/2017 0.38 0.04
3/31/2018 10.40 1.14
6/30/2018 10.94 1.20
9/30/2018 11.30 1.25
12/31/2018 10.80 1.19
3/31/2019 10.93 1.21
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 11.03 0.99
3/31/2023 13.01 1.20
6/30/2023 10.65 0.98

Note: ROE is net income/average equity capital, and ROAA is net income/average assets. The dip in ROE and ROAA in the fourth quarter of 2017 was driven by a one-time tax effect associated with the Tax Cuts and Jobs Act of 2017.

Source: Call Report and FR Y-9C.

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Figure 9. Net interest margin

Percent, annual rate

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Date Interest Income to Average Earning Assets Interest Expense to Average Earning Assets Net Interest Margin
3/31/2018 3.85 (0.59) 3.27
6/30/2018 4.22 (0.72) 3.34
9/30/2018 4.44 (0.84) 3.33
12/31/2018 4.53 (0.94) 3.40
3/31/2019 4.68 (1.05) 3.33
6/30/2019 4.72 (1.08) 3.41
9/30/2019 4.58 (1.06) 3.29
12/31/2019 4.09 (0.87) 3.23
3/31/2020 3.87 (0.74) 3.14
6/30/2020 3.11 (0.39) 2.72
9/30/2020 2.91 (0.29) 2.61
12/31/2020 2.83 (0.24) 2.60
3/31/2021 2.71 (0.20) 2.52
6/30/2021 2.62 (0.18) 2.44
9/30/2021 2.67 (0.16) 2.51
12/31/2021 2.67 (0.15) 2.52
3/31/2022 2.65 (0.15) 2.49
6/30/2022 2.97 (0.25) 2.73
9/30/2022 3.65 (0.61) 3.04
12/31/2022 4.55 (1.14) 3.41
3/31/2023 4.80 (1.57) 3.23
6/30/2023 5.18 (1.99) 3.19

Note: Net interest margin is net interest income divided by average interest-earning assets, annualized. Net interest income is interest income minus interest expense.

Source: Call Report and FR Y-9C.

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Figure 10. Average credit default swap (CDS) spread and market leverage ratio (daily)

Basis points, Percent

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Date CDS Spread (left axis) 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 9.63
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 9.38
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 8.30
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 69.97 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 70.43 8.26
9/17/2023 70.3 8.26
9/18/2023 70.17 8.26
9/19/2023 70.4 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 76.4 7.93
9/26/2023 78.67 7.83
9/27/2023 79.24 7.83
9/28/2023 81.13 7.9
9/29/2023 81.14 7.85
9/30/2023 81.71 7.81
10/1/2023 82.28 7.77
10/2/2023 82.85 7.73
10/3/2023 83.03 7.73

Note: The market leverage ratio is the ratio of a firm’s market capitalization to the sum of market capitalization and the book value of liabilities. Averages are calculated 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).

Source: Federal Reserve staff calculations using Bloomberg data.

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Figure 11. Ratings for large financial institutions

Percent

Make Full Screen
  12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 6/30/2023
Satisfactory 55% 60% 55% 53% 48% 48%
Less-than-satisfactory 45% 40% 45% 47% 52% 52%
Grand Total 100% 100% 100% 100% 100% 100%

Note: Financial institutions are rated on a composite basis from components based upon risk management, operational controls, regulatory compliance, and asset quality. The 2023 value is as of the end of 2023:Q2. Key identifies bars in order from top to bottom.

Source: Internal Federal Reserve supervisory databases.

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Figure 12. Outstanding number of supervisory findings, large financial institutions

Count

Make Full Screen
Portfolio 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 6/30/2023
FBO > $100B 518 379 369 394 375 392
LBO 247 153 151 145 189 221
LISCC 743 571 331 172 209 241

Note: Values prior to 2023 are as of year-end. The 2023 value is as of the end of 2023:Q2. The findings count data are subject to revisions as issues are reviewed, updated, and finalized; this could result in minor historical count fluctuations.

Source: Internal Federal Reserve supervisory databases.

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Figure 13. Outstanding supervisory findings by category, large financial institutions

Percent

Make Full Screen
Portfolio/Category Number of findings
FBO > $100B 100%
Governance & Controls 77%
Liquidity Risk Management & Positions 14%
Capital Planning & Positions 9%
LBO 100%
Governance & Controls 68%
Liquidity Risk Management & Positions 24%
Capital Planning & Positions 8%
LISCC 100%
Governance & Controls 48%
Capital Planning & Positions 33%
Liquidity Risk Management & Positions 19%

Note: As of 2023:Q2, total supervisory findings, by portfolio, were: LISCC—241; LBO—221; and FBO > $100B—392. Key identifies bars in order from top to bottom.

Source: Internal Federal Reserve supervisory databases.

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Figure 14. Top tier ratings for CBO and RBO firms

Percent

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  12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 6/30/2023
Less-than-satisfactory (3, 4, or 5 rated) 5% 5% 4% 3% 4% 4%
Satisfactory (1 or 2 rated) 95% 95% 96% 97% 96% 96%
Grand Total 100% 100% 100% 100% 100% 100%

Note: Includes composite ratings for consolidated top-tier holding companies and SMBs without HCs for CBO and RBO firms. The 2023 value is as of the end of 2023:Q2. Key identifies bars in order from top to bottom.

Source: Internal Federal Reserve supervisory databases.

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Figure 15. Outstanding supervisory findings, CBO and RBO firms

CBO Counts

Make Full Screen
Portfolio 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 6/30/2023
CBO 2135 1646 1211 810 848 1012
RBO 283 238 147 111 145 189

Note: Values prior to 2023 are as of year-end. The 2023 value is as of the end of 2023:Q2. The findings count data are subject to revisions as issues are reviewed, updated, and finalized; this could result in minor historical count fluctuations.

Source: Internal Federal Reserve supervisory databases.

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Figure 16.Outstanding supervisory findings by category, CBO firms

Percent

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Portfolio/Category Percent of total findings
CBO 100%
IT and Operational Risk 30%
Credit Risk 20%
Management, Risk Management, Internal Controls 17%
BSA/AML Issues 14%
Market/Liquidity 11%
Asset & Wealth Management 6%
Parent Company - Nonbank 2%

Note: As of 2023:Q2, there were 1,012 total supervisory findings for CBO firms.

Source: Internal Federal Reserve supervisory databases.

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Figure 17. Outstanding supervisory findings by category, RBO firms

Percent

Make Full Screen
Portfolio/Category Percent of total findings
RBO 100%
IT and Operational Risk 34%
Management, Risk Management, Internal Controls 24%
BSA/AML Issues 17%
Market/Liquidity 12%
Credit Risk 8%
Asset & Wealth Management 3%
Parent Company - Nonbank 2%

Note: As of 2023:Q2, there were 189 total supervisory findings for RBO firms.

Source: Internal Federal Reserve supervisory databases.

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Last Update: November 14, 2023