FED updated the form and associated instructions for the FR Y-14Q data collection. The data in FR Y-14Q are used to assess the capital adequacy of large firms using forward-looking projections of revenue and losses, to support supervisory stress test models. The FR Y-14Q report comprises several schedules, including Retail, Securities, Regulatory Capital Instruments, Regulatory Capital, Operational Risk, Trading, Pre-Provision Net Revenue or PPNR, Wholesale, Retail Fair Value Option/Held for Sale, Counterparty, Balances, and Supplemental schedules. The recent revisions relate to the schedules on Counterparty and Regulatory Capital.
FR Y-14Q is reported quarterly on the last calendar day of the quarter, with exceptions for the trading and counterparty schedules. The respondents include U.S. bank holding companies, U.S. intermediate holding companies of foreign banking organizations, and covered savings and loan companies with USD 100 billion or more in total consolidated assets, based on
- the average of the firm's total consolidated assets in the four most recent quarters as reported quarterly on the firm's Consolidated Financial Statements for Holding Companies (FR Y-9C); or
- if the firm has not filed an FR Y-9C for each of the most recent four quarters, then the average of the firm's total consolidated assets in the most recent consecutive quarters as reported quarterly on the firm's FR Y-9Cs
Keywords: Americas, US, Banking, FR Y-14, Stress Testing, FR Y-14Q, Reporting, FED
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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