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Stress Test Results

Thursday, May 07, 2009

The U.S. government today released results of the "stress tests" performed on the nation's 19 largest financial institutions. As NBR's Darren Gersh reports, ten of the institutions need to raise more capital in case the recession deepens. The other nine have sufficient capital.



Discuss the stress tests on XChange - The NBR Blog.

Banks with Weaker Capital Positions

This is the list of institutions the U.S. Treasury has directed to raise more capital by November.

Must Raise Capital Source: U.S. Treasury
INSTITUTION	SYMBOL	DOLLARS
Bank of America	BAC	33.9 billion
Wells Fargo & Co.	WFC	13.7 billion
GMAC LLC	n/a	11.1 billion
Citigroup Inc.	C	5.5 billion
Regions Financial Corp.	RF	2.5 billion
Sun Trust Banks Inc.	STI	2.2 billion
KeyCorp	KEY	1.8 billion
Morgan Stanley	MS	1.8 billion
Fifth Third Bancorp	FITB	1.1 billion
PNC Financial Services	PNC	600 million

Banks with Stronger Capital Positions

The U.S. Treasury says the following institutions do not need to raise new capital.

Sufficient Capital Source: U.S. Treasury
INSTITUTION	SYMBOL	DOLLARS
JPMorgan Chase & Co.	JPM	--
American Express Co.	AXP	--
Goldman Sachs Group Inc.	GS	--
Bank of New York Mellon Corp.	BK	--
MetLife Inc.	MET	--
Capital One Financial Corp.	COF	--
State Street Corp.	STT	--
BB&T Corp.	BBT	--
U.S. Bancorp	USB	--

External Links/Articles*

• Federal Reserve
  The Federal Reserve is the central bank of the U.S. This links to a May 7, 2009 press release issued by the Federal Reserve that offers information about the stress test results.
• U.S. Treasury (PDF Document)
  This links to the stress tests results as published on the U.S. Treasury's FinancialStability.gov website. The title of the report is "The Supervisory Capital Assessment Program: Overview of Results."

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.