After taking account of potential resources to absorb those losses, including expected revenues, reserves, and existing capital cushions, we determined that 10 of the 19 institutions will require, collectively, common or contingent common equity of $ billion to ensure adequate capital cushions.
Of this amount, the equivalent of $ billion has already been raised or is contractually committed to be in place, or to a lesser degree reflects firstquarter pre-provision earnings above those assumed in the initial supervisory estimates. Consequently, the remaining common equity buffer that must be raised is $ billion.