According to the Federal Reserve, 15 of 19 major U.S. banks would fare well if hit with catastrophic conditions based on a so-called stress test, which determines how banks would fare if hit with a peak unemployment rate of 13 percent, a 50 percent drop in equity prices, and a 21 percent decline in housing prices.
According to the Fed, "The majority of the largest U.S. banks would continue to meet supervisory expectations for capital adequacy despite large projected losses in an extremely adverse hypothetical economic scenario."
The results of the economic doomsday-like situation were made public for the first time since 2009, according to the Associated Press.
How did your bank fare?
Bank of New York Mellon
Street State Corp.
Capital One Financial Corporation
Regions Financial Corporation
Fifth Third Bankcorp
Wells Fargo & Company
Bank of America Corporation
The PNC Financials Services Group, Inc
The Goldman Sachs Group
JP Morgan Chase
The order is based on minimum stressed ratios with all proposed capital actions through Q4 2013.