Fed's Estimates For Banks' Minimum Capital Ratios In A 'Severely Adverse' Event
March 14 2013 - 5:07PM
Dow Jones News
CAPITAL STRESS
The Federal Reserve examined the biggest U.S. banks' plans for
dividends and share buybacks to see which could lead to
unacceptable minimum 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.
Plan Resubmitted Tier 1 Tier 1 Total Risk- Tier 1
Bank Approved? Plan? Common Capital Based Capital Leverage
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(1) No 5.26 7.20 9.96 3.85
J.P. Morgan Chase Conditional(1) 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
Well Fargo Yes No 5.94 7.73 10.72 6.18
All 18 6.56 8.06 10.76 5.23
Regulatory standard 5% 4% 8% 3%*
(1)The Fed has asked these banks to "remediate immediately the
weaknesses" in their plans and resubmit them by the end of
September.
(2)A higher ratio of 4% applies to Ally, American Express and
Capital One.
SOURCE: Federal Reserve
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