v3.26.1
Regulatory Capital Requirements
 3 Months Ended
Mar. 31, 2026
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Regulatory Capital Requirements Regulatory Capital Requirements
The enterprise regulatory capital framework went into effect in February 2021; however, we are not required to hold capital according to the framework’s requirements until the date of termination of our conservatorship, or such later date as may be ordered by FHFA. The following table displays our capital requirements under the standardized approach of the enterprise regulatory capital framework.
Capital Metrics under the Enterprise Regulatory Capital Framework as of March 31, 2026(1)
(Dollars in billions)
Adjusted total assets$4,419 
Risk-weighted assets1,450 
AmountsRatios
Available
Capital (Deficit)(2)
Minimum Capital Requirement
Total Capital Requirement (including Buffers)(3)
Available Capital (Deficit) RatioMinimum Capital Ratio RequirementTotal Capital Requirement Ratio (including Buffers)
Risk-based capital:
Total capital (statutory)(4)
*$116 $116 — %8.0 %8.0 %
Common equity tier 1 capital$(37)65 142 (2.5)4.5 9.8 
Tier 1 capital(18)87 164 (1.2)6.0 11.3 
Adjusted total capital(18)116 193 (1.2)8.0 13.3 
Leverage capital:
Core capital (statutory)(5)
(8)110 110 (0.2)2.5 2.5 
Tier 1 capital(18)110 132 (0.4)2.5 3.0 
Capital Metrics under the Enterprise Regulatory Capital Framework as of December 31, 2025(1)
(Dollars in billions)
Adjusted total assets$4,423 
Risk-weighted assets1,411 
AmountsRatios
Available
Capital (Deficit)(2)
Minimum Capital Requirement
Total Capital Requirement (including Buffers)(3)
Available Capital (Deficit) RatioMinimum Capital Ratio RequirementTotal Capital Requirement Ratio (including Buffers)
Risk-based capital:
Total capital (statutory)(4)
$(3)$113 $113 (0.2)%8.0 %8.0 %
Common equity tier 1 capital(41)63 143 (2.9)4.5 10.2 
Tier 1 capital(22)85 165 (1.6)6.0 11.7 
Adjusted total capital(22)113 193 (1.6)8.0 13.7 
Leverage capital:
Core capital (statutory)(5)
(12)111 111 (0.3)2.5 2.5 
Tier 1 capital(22)111 134 (0.5)2.5 3.0 
* Represents amounts less than $500 million.
(1)Ratios are calculated as a percentage of risk-weighted assets for risk-based capital metrics and as a percentage of adjusted total assets for leverage capital metrics.
(2)Available capital deficit for all line items excludes the stated value of the senior preferred stock of $120.8 billion.
(3)Prescribed capital conservation buffer amount, or PCCBA, for risk-based capital and prescribed leverage buffer amount, or PLBA, for leverage capital.
(4)The sum of (a) core capital (see definition in footnote 5 below); and (b) a general allowance for foreclosure losses.
(5)The sum of (a) the stated value of our outstanding common stock (common stock less treasury stock); (b) the stated value of our outstanding perpetual, noncumulative preferred stock; (c) our paid-in capital; and (d) our retained earnings (accumulated deficit).