Amid its stress tests , the US Federal Reserve has announced that Bank of America has enough capital to continue lending during times of severe economic stress . The bank 's common equity Tier 1 ratio exceeded the minimum 5 % by reaching 7 % while its Tier 1 leverage ratio reached 6.4 % , 2.4 % higher than the minimum 5 . If Bank of America continue to make steady progress , the Federal Reserve may change its plans to reward shareholders with potential share buybacks and loans .
Amid its stress tests, the US Federal Reserve has announced that Bank of America has enough capital to continue lending during times of severe economic downturn. The bank's common equity Tier 1 ratio exceeded the minimum 4.5% by reaching 8.1% while its Tier 1 leverage ratio reached 6.4%, 2.4% higher than the minimum requirement. If Bank of America continue to make steady progress, the Federal Reserve may approve its plans to reward shareholders with potential share buybacks and dividends.