BOPEC Migration Matrix for Bank Holding Companies, 1988–2000
(Newly assigned ratings)

1988–1992 (Recesssion and Banking Crisis)
(percent)

Initial BOPEC Rating

BOPEC-1

BOPEC-2

BOPEC-3

BOPEC-4

BOPEC-5

1

68.51

27.07

1.66

2.76

.

2

4.82

71.07

18.66

4.19

1.26

3

.

16.73

57.79

21.29

4.18

4

.

.

19.58

62.24

18.18

5

.

.

.

18.18

81.82


1993–1995 (Recovery)
(percent)

Initial BOPEC Rating

BOPEC-1

BOPEC-2

BOPEC-3

BOPEC-4

BOPEC-5

1

88.46

11.54

.

.

.

2

15.50

82.00

2.00

0.50

.

3

.

67.90

24.69

6.17

1.23

4

.

10.87

41.30

41.30

6.52

5

.

.

.

.

100.00


1996–2000 (Expansion)
(percent)

Initial BOPEC Rating

BOPEC-1

BOPEC-2

BOPEC-3

BOPEC-4

BOPEC-5

1

86.96

12.84

0.19

.

.

2

11.81

82.86

4.38

0.95

.

3

.

37.14

54.29

8.57

.

4

.

.

50.00

33.33

16.67

5

.

.

.

.

.

Note: The cells along the diagonals represent the frequency of a BHC remaining at the same  BOPEC after an inspection. Cells to the right of the diagonal represent the frequency of an downgrade from the initial BOPEC and cells to the left of the diagonal represent the frequency of an upgrade from the initial BOPEC.  For example, for the 1996–2000 period, 82.86 percent of the BHCs remained at a BOPEC-2 if they started as a BOPEC-2, 11.81 percent were upgraded to a BOPEC-1, 4.38 percent were downgraded to a BOPEC-3 and 0.95 percent were downgraded to a BOPEC-4.

Source: Federal Reserve Board


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