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Many other regulatory provisions were also included, such as risk-based capital applied to thrifts, re-imposition of restrictions on thrifts' non-residential mortgage portfolios, and funding for financial crimes prosecutions. [81] The Resolution Trust Corporation, created by the act, sold or liquidated all remaining thrifts.
In 1923, Huntington purchased Columbus-based State Savings Bank & Trust Company and the Hayden-Clinton National Bank of Columbus, swelling its capital base. [14] In 1958, Huntington acquired the Columbus-based The Market Exchange Bank Company. In 1962, it acquired both First National Bank of Grove City and The People's Bank of Canal Winchester.
To qualify for deposit insurance, member banks must follow certain liquidity and reserve requirements. Banks are classified in five groups according to their risk-based capital ratio: Well capitalized: 10% or higher; Adequately capitalized: 8% or higher; Undercapitalized: less than 8%; Significantly undercapitalized: less than 6%
(Reuters) -Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U ...
Credit unions in this category may fail to meet their risk-based net worth requirements. A capital adequacy rating of 4 is appropriate if the credit union is "significantly undercapitalized" but asset quality, earnings, credit or interest-rate problems will not cause the credit union to become critically undercapitalized in the next 12 months.
US regulators are proposing that big banks increase their capital levels to protect against future blowups following a regional banking crisis, one of the most sweeping overhauls of how lenders ...
Basel III requires banks to have a minimum CET1 ratio (Common Tier 1 capital divided by risk-weighted assets (RWAs)) at all times of: . 4.5%; Plus: A mandatory "capital conservation buffer" or "stress capital buffer requirement", equivalent to at least 2.5% of risk-weighted assets, but could be higher based on results from stress tests, as determined by national regulators.
As of 31 March 2010, the bank was out of compliance with its capital ratios, which were 5.55% for Tier 1 leverage capital ratio and 10.6% for total risk-based capital ratio. On 13 April 2010, the bank signed a consent order with the FDIC, requiring it to increase its Tier 1 leverage capital ratio to 8%, and a total risk-based capital ratio of ...