However, the Fed has long viewed community outreach as a vital part of our economic understanding, and these discussions have delivered such value that Fed Listens has evolved to join the other regular staples of our outreach work.
Importantly, the 19 largest banking institutions that participated in the 2009 stress tests, as well as the two subsequent Comprehensive Capital Analysis and Review (CCAR) processes, have considerably more and better-quality capital than a few years ago. Indeed, those firms have increased their Tier 1 common equity, the best buffer against future losses, by more than $ billion since 2009, to nearly $ billion.