3  See Board of Governors of the Federal Reserve System (2009), The Supervisory Capital Assessment Program: Overview of Results (Washington: Board of Governors, May 7). BIS Review 57/2009  3  firms based on loan data submitted by the firms as part of the exercise.
Each participating institution was asked to supply detailed information, in a standardized format, about the composition of its residential real estate portfolios, including breakdowns by type of product, loan-to-value ratio, FICO score, year of origination, and so on. These data allowed supervisors to consistently estimate potential future losses across firms using a variety of independently constructed models.