Deutsche Bank Trust Corporation statement regarding the Federal Reserve’s 2016 CCAR results
Deutsche Bank Trust Corporation (DBTC), which consists of the US transaction bank and wealth management business of Deutsche Bank, today responded to the announcement by the Board of Governors of the Federal Reserve System (the Federal Reserve) of the 2016 results of the Comprehensive Capital Analysis and Review (CCAR). The Federal Reserve previously announced that it did not object to the DBTC Capital Plan on a quantitative basis; it did object to the Capital Plan for qualitative reasons.
“The capital adequacy of Deutsche Bank Trust Corporation has never been in doubt,” commented Bill Woodley, CEO of DB USA Corporation and Deputy CEO of Deutsche Bank Americas. “We appreciate the Federal Reserve’s recognition of our progress, and we will implement the lessons learned this year in order to strengthen our capital planning process for future CCAR submissions.”
The public disclosure of the Federal Reserve’s CCAR results for DBTC and all other participating companies is available on the Federal Reserve website.
Deutsche Bank will launch its US intermediate holding company, DB USA Corporation (DB USA), on July 1, 2016. DBTC will be included in DB USA as of that date. 2018 will be the first year that DB USA participates publicly in CCAR.