FACTBOX-Fed proposes U.S. bank stress test expansion

Fri Jun 10, 2011 4:43pm EDT

 CHARLOTTE, N.C./WASHINGTON, June 10 (Reuters) - More than a
dozen U.S. banks would be added to the Federal Reserve's annual
capital stress tests, under a proposal announced on Friday by
the central bank and industry regulator.
 Under the proposal, all U.S. banks with more than $50
billion in U.S. assets would be subject to an annual review of
their capital position and ability to weather economic shocks
and losses. [ID:N10212004]
 In March, the Fed completed its second round of stress
testing for the largest 19 U.S. banks that were first tested in
the wake of the 2008 financial crisis.
 The expanded list, based on Fed data through March 31,
would include several prominent U.S. regional banks that were
excluded from the first rounds of testing, along with domestic
subsidiaries of foreign banks:
 Bank name                               Total assets
 Taunus Corp (1)                         $396.7 billion
 HSBC North America Holdings Inc (2)     $369.5 billion
 Citizens Financial Group Inc            $132 billion
 Northern Trust (NTRS.O)                 $92.6 billion
 RBC USA Holdco Corp (3)                 $85 billion
 UnionBanCal Corp (4)                    $81 billion
 Harris Financial Corp (5)               $74 billion
 BancWest Corp (6)                       $73 billion
 M&T Bank Corp (MTB.N)                   $68 billion
 Discover Financial Services (DFS.N)     $65 billion
 BBVA USA Bancshares Inc (7)             $64 billion
 Comerica Inc (CMA.N)                    $55 billion
 Huntington Bancshares Inc (HBAN.O)      $53 billion
 CIT Group Inc (CIT.N)                   $51 billion
 Zions Bancorporation (ZION.O)           $51 billion
 Marshall & Ilsley Corp MI.N           $49.6 billion*
 *Note: Marshall & Ilsley is not above the proposed
threshold, but is near the $50 billion in assets requirement.
 1) Taunus Corp is a subsidiary of Deutsche Bank AG
(DBKGn.DE)
 2) HSBC North America Holdings is a subsidiary of HSBC
Holdings Plc (HSBA.L)
 3) RBC USA Holdco is a subsidiary of Royal Bank of Canada
(RY.TO)
 4) UnionBanCal is a subsidary of Mitsubishi UFJ Financial
Group (8306.T)
 5) Harris Financial is a subsidiary of BMO Financial Group
(BMO.N)
 6) BancWest is a subsidiary of BNP Paribas (BNPP.PA)
 7) BBVA USA is a subsidiary of Banco Bilbao Vizcaya
Argentaria SA (BBVA.MC)
 Source: Federal Reserve data
 (Reporting by Joe Rauch and Dave Clarke)


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