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The agency's current capital needs are funded through July 2010.
Those banks have about two-thirds of the banking system's assets, so if capital needs are distributed proportionally, then the Fed's estimate suggests that the banking system needs just about, yes, $275 billion — a number that's identical to the I.M.F.
The estimates are probably not that similar, since it's possible more of the system's capital needs are concentrated in the ninetten banks (although since nine of the banks didn't need any capital at all, it's also possible that the reverse is true), in which case the Fed's estimate would be slightly lower than the I.M.F.'s.
In Washington, Christine Lagarde, managing director of the International Monetary Fund, also issued a statement, which said in part, "I strongly support the authorities' commitment to ensure that capital needs are met in a timely manner and that the weakest banks are dealt with effectively".
Banks in the euro area, by contrast, have added only €235 billion ($324 billion), even though they are far larger relative to GDP than America's, so their capital needs are greater.The two banking systems are not completely comparable, largely because European banks hold large portfolios of mortgages on their balance-sheets.
But the system's true capital needs are $10 billion, with an estimated $4.5 billion alone needed for the Red Line, during a time of declining funding from Springfield and Washington and as many are blind to mass transit's link to economic and cultural vitality.
Similar(42)
The last thing either Louisiana or the nation's capital needs is still another politician strutting imperiously.
The stock rallied on the news because investors recognized that the company's capital needs were pressing.
These more demanding capital needs were met by great banks capable of mobilizing resources on a large scale.
The audit report was viewed as positive because the final figure on the country's banking capital needs was largely in line with market expectations, removing another layer of uncertainty.
In some housing projects the unmet capital need is staggering.
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