The Federal Reserve Board (“FRB”) approved the capital plans for all 18 of the largest U.S. banking firms under its yearly Comprehensive Capital Analysis and Review (“CCAR”). CCAR is an assessment of the capital adequacy and capital planning of large bank holding companies.
The FRB did not object to any of the firms on quantitative or qualitative grounds regarding their ability to maintain adequate capital in the event of market stress. However, one of the banks was directed to review its capital adequacy process.