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On December 28, 2016, the US Federal Reserve published the
aggregate global indicator amounts for the purposes of calculating
the "Method 1" G-SIB Surcharge for 2016. The Federal
Reserve Board's G-SIB surcharge rule establishes a methodology
to identify global systemically important bank holding companies in
the United States based on certain indicators that are correlated
with systemic importance. Under the G-SIB surcharge rule, a firm
must calculate its G-SIB score using a specific formula
("Method 1"). The aggregate global indicator amounts used
in the score calculation under Method 1 are based on data collected
by the Basel Committee on Banking Supervision. The indicators
provided by the Basel Committee were converted to US dollars using
a euro- dollar exchange rate of 1.0887, which was the daily euro to
US dollar spot rate on December 31, 2015. The global indicator
amounts for 2016 have decreased from the 2015 values, except for
the "[u]nderwritten transactions in debt and equity
markets" indicator under Substitutability, for which there was
a slight increase.
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