Board releases capital planning and positions guidance

The Federal Reserve Board announced the release of guidance (SR 15-18 and SR-15-19) to its examiners and banking institutions that consolidates the capital planning expectations for all large financial institutions and clarifies differences in those expectations based on firm size and complexity. The guidance is designed to tailor the Federal Reserve's expectations for large financial institutions.

For the largest and most complex firms ($250 billion or more in total consolidated assets or $10 billion or more in foreign exposures), the guidance in SR 15-18 clarifies expectations that have been previously communicated to firms, including through past Comprehensive Capital Analysis and Review (CCAR) exercises and related supervisory reviews.

For firms with more than $50 billion, but less than $250 billion in total consolidated assets, as well as less than $10 billion in foreign exposures, the guidance in SR 15-19 clarifies the supervisory expectations to be applied for the firms' capital planning processes. The guidance documents will be effective for the 2016 CCAR cycle.