Each of the 10 banks requiring an additional capital buffer has pledged to have the necessary buffer in place by the November 9 deadline. Many of the banks are well ahead in finding private-sector options for increasing their common equity, and several have announced plans for new equity issues.
In another positive sign, several have announced plans to issue long-term debt not guaranteed by the FDIC. Lessons from the assessment program for the supervisory process We've learned important lessons in the capital assessment process that will inform our supervisory efforts in the future.