Discover 2014 Annual Report Download - page 152
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The following table shows the actual capital amounts and ratios of the Company and comparisons of each to the
regulatory minimum and “well-capitalized” requirements (dollars in millions):
Actual Minimum Capital
Requirements
Capital Requirements
To Be Classified as
Well-Capitalized
Amount Ratio Amount Ratio Amount Ratio
December 31, 2014
Total capital (to risk-weighted assets)
Discover Financial Services .................... $ 12,418 17.0% $ 5,831 $ 7,289
Discover Bank ...................................... $ 11,040 15.3% $ 5,767 $ 7,209
Tier 1 capital (to risk-weighted assets)
Discover Financial Services .................... $ 10,839 14.9% $ 2,916 $ 4,373
Discover Bank ...................................... $ 9,470 13.1% $ 2,884 $ 4,326
Tier 1 capital (to average assets)
Discover Financial Services .................... $ 10,839 13.2% $ 3,288 $ 4,111
Discover Bank ...................................... $ 9,470 11.7% $ 3,252 $ 4,066
December 31, 2013
Total capital (to risk-weighted assets)
Discover Financial Services .................... $ 11,975 17.4% $ 5,492 $ 6,865
Discover Bank ...................................... $ 10,496 15.5% $ 5,428 $ 6,785
Tier 1 capital (to risk-weighted assets)
Discover Financial Services .................... $ 10,409 15.2% $ 2,746 $ 4,119
Discover Bank ...................................... $ 8,941 13.2% $ 2,714 $ 4,071
Tier 1 capital (to average assets)
Discover Financial Services .................... $ 10,409 13.4% $ 3,116 $ 3,895
Discover Bank ...................................... $ 8,941 11.6% $ 3,077 $ 3,847
The amount of dividends that a bank may pay in any year is subject to certain regulatory restrictions. Under the
current banking regulations, a bank may not pay dividends if such a payment would leave the bank inadequately
capitalized. In the calendar years ended December 31, 2014 and 2013 and fiscal year ended November 30, 2012,
Discover Bank paid dividends of $1.8 billion, $1.6 billion and $1.5 billion, respectively, to the Company. No dividends
were paid by Discover Bank during the one month ended December 31, 2012.
8.0%
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8.0%
4.0%
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10.0%
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10.0%
10.0%
6.0%
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