RESULTS OF FED´S STRESS TESTS OF BANKS / THE WALL STREET JOURNAL

 

March 14, 2013, 4:30 PM

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Results of Fed’s Stress Tests of Banks

 

The Federal Reserve examined the biggest U.S. banks’ plans for dividends and share buybacks to see which could lead to unacceptable capital levels in “severely adverse” economic conditions. Banks got partial capital computations from the Fed a week ago and were permitted to resubmit their plans. Below are the latest capital ratios.

Bank	Plan approved?	Plan resub- mitted?	Tier 1 Common	Tier 1 Capital	Total Risk- Based Capital	Tier 1 Leverage **
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Regulatory standard			5.00%	4.00%	8.00%	3.00%
Ally	No	Yes	1.52%	11.02%	12.59%	9.42%
American Express	Yes	Yes	6.42%	6.43%	8.54%	5.15%
Bank of America	Yes	No	6.04%	7.20%	10.24%	4.62%
Bank of New York Mellon	Yes	No	13.21%	14.66%	15.31%	5.03%
BB&T	No	No	7.76%	9.52%	11.75%	7.06%
Capital One	Yes	No	6.69%	7.18%	9.48%	5.23%
Citigroup	Yes	No	8.22%	9.35%	12.35%	5.38%
Fifth Third	Yes	No	7.50%	8.55%	12.26%	8.04%
Goldman Sachs	Conditional*	No	5.26%	7.20%	9.96%	3.85%
J.P. Morgan Chase	Conditional*	No	5.56%	6.80%	9.49%	4.10%
KeyCorp	Yes	No	6.75%	7.37%	9.98%	6.94%
Morgan Stanley	Yes	No	5.62%	7.44%	8.59%	4.53%
PNC	Yes	No	8.55%	10.82%	14.18%	8.63%
Regions	Yes	No	7.00%	7.54%	10.52%	6.00%
State Street	Yes	No	9.65%	11.22%	13.86%	5.48%
SunTrust	Yes	No	6.91%	8.61%	10.75%	6.86%
U.S. Bancorp	Yes	No	6.61%	8.54%	10.54%	7.20%
Wells Fargo	Yes	No	5.94%	7.73%	10.72%	6.18%
All 18			6.56%	8.06%	10.76%	5.23%

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Source: Federal Reserve

*The Fed has asked these banks to "remediate immediately the weaknesses" in their plans
and resubmit them by the end of September.
** A higher ratio of 4% applies to Ally, American Express and Capital One.