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The Fed tested bank capital-management plans under a set of extreme economic conditions, including 13percentt unemployment, a 50percentt collapse in the stock market and a new 21percentt drop in home prices.
It stress-tests banks' positions and had a central repository of trades before most rich countries.
Even if the banks pass the latest stress tests, banking experts worry that problems may surface later.
Analysts were also critical of authorities' refusal to test banks' ability to survive a default by Greece on its debt.
"We will test banks in a very comprehensive manner and a more credible fashion than we did last summer," she said.
He added that nearly all of the tested banks had enough capital to absorb higher losses the Fed expected under its "hypothetical adverse scenario".
The banking authority said that to pass the stress tests banks had to have a capital cushion equal to 5 percent of assets.
In February 2009 they slumped when Tim Geithner, America's treasury secretary, announced a plan to stress-test banks, fearing his proposals were inadequate for dealing with the banks' problems.
Just as the Fed stress-tested banks' balance-sheets, so the banks have done something similar to decide on their capital-distribution proposals.
How can you stress-test banks if you do not know how their troubled assets will be dealt with and at what price?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com