Release Date: July 25, 2014
For release at 9:00 a.m. EDT
The Federal Reserve on Friday announced that it has not objected to a re-submitted capital plan from Zions Bancorporation. Earlier this year, the Federal Reserve objected to the 2014 capital plan from Zions because the firm did not meet the minimum, post-stress tier 1 common ratio of 5 percent during the annual Comprehensive Capital Analysis and Review.
Zions was required to submit a new capital plan under the Federal Reserve's regulation. In the new submission, the firm's minimum, post-stress tier 1 common ratio was 5.1 percent.
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