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Released: June 11, 2011
Fed Proposes Expanding Capital Reviews to 35 Banks
Source: Martin Crutsinger, Associated Press
The Federal Reserve wants a broader group of banks to provide details each year about their finances, part of an effort to ensure banks can meet their capital requirements and avoid another financial crisis. The Fed currently requires the nation's 19 largest banks to submit capital plans annually. The proposal unveiled Friday would expand the list to the 35 largest banks by requiring firms with assets of $50 billion or more to submit annual plans.Read Full Article: Fed Proposes Expanding Capital Reviews to 35 Banks
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