(Adds banks decline to comment)
By Emily Stephenson
WASHINGTON, March 21 The U.S. Federal Reserve on
Friday revised several banks' capital levels under stress a day
after results of its closely watched industry health check were
The revisions did not cause any additional banks to dip
below the 5 percent minimum for top-tier capital in the Fed's
annual stress tests on the country's biggest banks.
Analysts pay close attention to the stress tests both
because they help show the industry's strength and because
regulators use the results to determine whether banks can return
capital to shareholders.
Most of the 30 banks in the test either had no change in
their capital ratios under stress or at most a 0.1 percentage
point difference between Thursday's release and the corrected
figures, the Fed said.
The biggest change was for American Express, whose
minimum capital ratio under stress declined by 0.5 percentage
point to 12.1 percent.
The one bank that fell under the minimum on Thursday, Zions
Bancorp, saw its capital ratio revised up slightly to
3.6 percent on Friday.
M&T Bank, which had the next lowest capital level on
Thursday, was revised up by 0.3 percentage point to 6.2 percent
under stress. Northern Trust also saw its capital level
revised up by that amount to end at 11.7 percent.
HSBC's North America unit saw its minimum tier 1
common capital ratio revised down by 0.2 percentage point to 6.6
Spokesmen for American Express, Northern Trust and M&T Bank
all declined to comment. Representatives of Zions and HSBC did
not immediately respond to requests for comment.
The Fed said the ratios were adjusted due to inconsistencies
in the way the tests handled capital actions in the fourth
quarter of 2013 and assumptions about compensation-related
(Reporting by Emily Stephenson; Editing by Andrea Ricci and