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VOL. 129 | NO. 56 | Friday, March 21, 2014

Nearly All Major US Banks Pass Fed 'Stress Tests'

AP

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WASHINGTON (AP) – All but one of the nation's 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined.

Results of the Fed's annual "stress tests" showed Thursday that only Zions Bancorp failed to meet the Fed's minimum level of capital to withstand a crisis. The results showed continued improvement in banks' financial positions since the 2008 crisis, the Fed said. That built on positive results in last year's tests.

The 30 banks tested included Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.

The Fed will announce next week whether it will approve plans by some of the banks to increase dividends or buy their own stock.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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