US Stress Test Capital Requirement Results Summary (Table)
May 6 (Bloomberg) -- Following is a summary of the capital requirements of 10 banks resulting from U.S. regulators’ stress tests, according to people familiar with the matter. The Federal Reserve is scheduled to release the results of the tests on the 19 largest U.S. banks tomorrow:
*T
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Company Capital Requirement
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Total $65.5 Billion
Bank of America Judged to need roughly $34.0 Billion in additional
capital
Wells Fargo Judged to need roughly $15.0 Billion in additional
capital
GMAC Judged to need roughly $11.5 Billion in additional
capital
Citigroup Judged to need roughly $5.0 Billion in additional
capital
Morgan Stanley Judged not to need to raise additional capital
Goldman Judged not to need to raise additional capital
MetLife Judged not to need to raise additional capital
JPMorgan Chase Judged not to need to raise additional capital
Bank of NY Mellon Judged not to need to raise additional capital
American Express Judged not to need to raise additional capital
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Company Government Capital Injections by Firm
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Bank of America Targeted Investment Program $20 Billion on 01/16/09
Capital Purchase Program $10 Billion on 01/09/09*
Capital Purchase Program $15 Billion on 10/28/08
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Wells Fargo Capital Purchase Program $25 Billion on 10/28/08
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GMAC Automotive Industry Financing Program $5 Billion
12/29/08
GMAC has also received other financial assistance
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Citigroup Targeted Investment Program $20 Billion on 12/31/08
Asset Guarantee Program $5 Billion on 01/16/09
Capital Purchase Program $25 Billion on 10/28/08
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Morgan Stanley Capital Purchase Program $10 Billion on 10/28/08
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Goldman Sachs Capital Purchase Program $10 Billion on 10/28/08
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Company Government Capital Injections by Firm
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MetLife None
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JPMorgan Chase Capital Purchase Program $25 Billion on 10/28/08
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Bank of NY Mellon Capital Purchase Program $3 Billion on 10/28/08
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