2013 Hunger Games Stress Test
After looking at the additional requirements that the United
States Federal Reserve is requiring of some of the country’s 30 largest banks
and financial services companies for their annual stress test, it does not look
to good for some of these institutions, this year the test is suppose to be
harder. The new questions concern their
exposure to Asia, and what could these institutions look like if something bad
were to happen to the Asian economies (really it China, but we do not want to
so direct).
The Federal Reserve announced that it will conduct some of
the test on own on the 19 largest, but that is really a falsehood, in that they
will really only perform the tests themselves on the top eight, the other 11 of
this group will test themselves and submit the result to the Federal Reserve. Maybe there is a question as to the rigor
that some of the organizations applied to themselves in the last round of
testing.
Those chosen for special consideration in order of Total
Assets are (1) JP Morgan Chase & Co., (2) Bank of America Corp., (3)
Citigroup Inc., (4) Wells Fargo & Co., (5) The Goldman Sachs Group Inc.,
(6) MetLife, Inc., (7) Morgan Stanley, and (8) US Bancorp.
The rest of the 19 financial institution in order of Total
Assets are, (9) Bank of New York Mellon Corp., (11) Capital One Financial, (12)
The PNC Financial Services Group Inc., (14) State Street Corp., (15) Ally Financial
Inc., (16) BB&T Corp, (17) SunTrust Banks, (19) American Express Company, (22) Regions
Financial Corp., (24) Fifth Third Bancorp, and (29) Keycorp.
Rounding out the collection of the top 30 banks and
financial institutions that are subject to this annual testing again in order
of Total Assets are, (10) HSBC North
America Holdings Inc., (21) RBS Citizens Financial Group, AKA Citizens
Financial Group, (26) BMO Financial Corp., (27) Northern Trust Corp., (28)
UnionBanCal Corp., (31) M&T Bank Corp., (33) Discover Financial Services,
(35) BBVA USA Bancshares Inc., (36) Comerica Inc., (37) Huntington Bancshares
Inc., and (38) Zions Bancorporation.
The Federal Reserve has this nice little web site that
displays the ranking of the top 50 Holding Companies in the United States.
For those who are interested in the particular of the skull
numbing tests I direct you to the following link.
Enjoy they are the attachments at the bottom of the
page. It only took about 10 minutes for
my skull to lose feeling.
Release the Kraken (Where is Liam Nesson when you really
need him, Ben Bernanke just does not have the voice to pull this off), and to
all thirty of the participant in the 2013 Hunger Games Stress Test “Happy Hunger Games Stress Test!
And may the odds be ever in your favor!”
Let the games begin.
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