Note: these projections represent hypothetical estimates that involve an economic outcome that is more adverse than expected. These estimates are not forecasts of capital ratios. The tables include the minimum ratios assuming the capital actions originally submitted in January 2014 by the BHCs in their annual capital plans and the minimum ratios incorporating any adjustments to capital distributions made by BHCs after reviewing the Federal Reserve's stress test projections and original planned capital distributions for those BHCs that did not make adjustments. The minimum capital ratios are for the period Q4 2015 and do not necessarily occur in the same quarter.
The Federal Reserve does not permit bank holding companies to disclose confidential supervisory information including any reason for an objection to capital plans submitted in the CCAR process. However, the Federal Reserve has an established process for resubmission of CCAR capital plans, which are fully described in the Capital Plans rule. RBSCFG expects to resubmit its capital plan, as soon as practicable, to address the elements of the plan that were the focus of the Federal Reserve’s objections. The Federal Reserve does not permit bank holding companies to disclose the ongoing status of any resubmitted capital plan.
RBSCFG also announced today the disclosure on its website of its company-run stress tests for RBSCFG and its subsidiary insured depository institution, RBS Citizens, N.A. This disclosure is required under the Federal Reserve’s Stress Test Final Rule in accordance with the DFAST regulation (12 CFR Part 252).
The public disclosure of the Federal Reserve’s 2014 Comprehensive Capital Analysis and Review (CCAR) results for all participating bank holding companies is available on the Federal Reserve’s website.
About RBS Citizens Financial Group, Inc.
RBS Citizens Financial Group, Inc. is a $122 billion commercial bank holding company. It is headquartered in Providence, R.I., and through its subsidiaries has approximately 1,400 branches, over 3,500 ATMs and more than 18,000 colleagues. It operates a branch network in 12 states and has non-branch retail and commercial offices in more than 30 states. Its two bank subsidiaries are RBS Citizens, N.A., and Citizens Bank of Pennsylvania. They operate a branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont; and the Charter One brand in Illinois, Michigan and Ohio. RBSCFG is owned by RBS (the Royal Bank of Scotland Group plc). RBSCFG’s website is citizensbank.com.