All 31 Banks Had Enough Capital After Fed's Stress Test

All 31 banks stress-tested by the Federal Reserve were found to have enough capital, the central bank said Thursday. The most strenuous test found that these banks absorbed $490 billion in losses without falling below minimum buffer levels. The results are the initial hurdle these banks have to meet before lifting their dividend and/or increasing their stock buybacks. A few banks just skirted by the requirements -- Zions Bancorp for instance had a minimum Tier 1 capital ratio of 5.1%, just north of the 5% required. On another measure called total-risk based capital, which is more relevant for the banks active in capital markets, Goldman Sachs had a minimum ratio of 8.1%, just above the 8% required, and Morgan Stanley's was 8.6%.