Does anyone follow the Fed’s “financial soundness” indicator for banks?

I noticed it fell off a cliff this year. Sharpest decline in CET1 ratio since they started measuring it.

#[0]​#[1]​ #[2]​ is this worth digging into?

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cc #[2]

Remember Government bonds are risk free so have a zero RWA capital requirement.

So this deterioration will be outside of current issue.