Under the Federal Reserve Board’s capital framework for bank holding companies and U.S. intermediate holding companies with $100 billion or more in total consolidated assets, capital requirements are in part determined by the supervisory stress test results. Table 1 shows the total common equity tier 1 (CET1) capital requirement for each large bank, which is made up of several components, including
- a minimum CET1 capital requirement of 4.5 percent, which is the same for each bank;
- the stress capital buffer (SCB) requirement, which is determined from the supervisory stress test results and is at least 2.5 percent;1 and
- if applicable, a capital surcharge for global systemically important banks (G-SIBs), which is at least 1.0 percent.
Table 1. Large bank capital requirements, effective October 1, 2021
Percent
| Bank | Minimum CET1 capital ratio | Stress capital buffer requirement | G-SIB surcharge* | CET1 capital requirement |
|---|---|---|---|---|
| Ally Financial Inc.† | 4.5 | 3.5 | n/a | 8.0 |
| American Express Company† | 4.5 | 2.5 | n/a | 7.0 |
| Bank of America Corporation | 4.5 | 2.5 | 2.5 | 9.5 |
| The Bank of New York Mellon Corporation | 4.5 | 2.5 | 1.5 | 8.5 |
| Barclays US LLC | 4.5 | 3.6 | n/a | 8.1 |
| BMO Financial Corp. | 4.5 | 3.0 | n/a | 7.5 |
| BNP Paribas USA, Inc.† | 4.5 | 6.4 | n/a | 10.9 |
| Capital One Financial Corporation | 4.5 | 2.5 | n/a | 7.0 |
| Citigroup Inc. | 4.5 | 3.0 | 3.0 | 10.5 |
| Citizens Financial Group, Inc.† | 4.5 | 3.4 | n/a | 7.9 |
| Credit Suisse Holdings (USA), Inc. | 4.5 | 6.9 | n/a | 11.4 |
| DB USA Corporation | 4.5 | 4.5 | n/a | 9.0 |
| Discover Financial Services† | 4.5 | 3.6 | n/a | 8.1 |
| DWS USA Corporation | 4.5 | 7.2 | n/a | 11.7 |
| Fifth Third Bancorp† | 4.5 | 2.5 | n/a | 7.0 |
| The Goldman Sachs Group, Inc. | 4.5 | 6.4 | 2.5 | 13.4 |
| HSBC North America Holdings Inc. | 4.5 | 7.5 | n/a | 12.0 |
| Huntington Bancshares Incorporated† | 4.5 | 2.5 | n/a | 7.0 |
| JPMorgan Chase & Co. | 4.5 | 3.2 | 3.5 | 11.2 |
| KeyCorp† | 4.5 | 2.5 | n/a | 7.0 |
| M&T Bank Corporation† | 4.5 | 2.5 | n/a | 7.0 |
| Morgan Stanley | 4.5 | 5.7 | 3.0 | 13.2 |
| MUFG Americas Holdings Corporation | 4.5 | 3.3 | n/a | 7.8 |
| Northern Trust Corporation | 4.5 | 2.5 | n/a | 7.0 |
| The PNC Financial Services Group, Inc. | 4.5 | 2.5 | n/a | 7.0 |
| RBC US Group Holdings LLC | 4.5 | 3.4 | n/a | 7.9 |
| Regions Financial Corporation | 4.5 | 2.5 | n/a | 7.0 |
| Santander Holdings USA, Inc.† | 4.5 | 2.5 | n/a | 7.0 |
| State Street Corporation | 4.5 | 2.5 | 1.0 | 8.0 |
| TD Group US Holdings LLC | 4.5 | 2.5 | n/a | 7.0 |
| Truist Financial Corporation | 4.5 | 2.5 | n/a | 7.0 |
| UBS Americas Holding LLC | 4.5 | 7.1 | n/a | 11.6 |
| U.S. Bancorp | 4.5 | 2.5 | n/a | 7.0 |
| Wells Fargo & Company | 4.5 | 3.1 | 2.0 | 9.6 |
* The G-SIB surcharge is updated annually in the first quarter.
† Firm did not participate in DFAST 2021. The SCB requirement is based on DFAST 2020 results.
n/a Not applicable.