STT State Street Corporation

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