Bank of America and Wells Fargo say their funding levels would remain above regulatory minimums in case of a hypothetical, 'Severely Adverse' financial downturn.

The findings, revealed Monday, result from midyear 'Stress Tests' that the largest U.S. Banks have to conduct under the Dodd-Frank financial reform law. The banks should put themselves via the driving tests more than once each year - at the start of the year and the center.

Charlotte-based Bank of America predicted Monday its Rate 1 common funding proportion can fall to a low of 8.4 % in the hypothetical stress scenario, the same reduced the bank predicted in 2012's test.

The Tier 1 common resources proportion is an action of a bank's buffer versus losses. Regulators call for a minimum of 5 %.

Banking of America said its various other capital proportions would certainly also surpass regulatory minimums under the theoretical scenario.

San Francisco-based Wells Fargo forecast its Tier 1 common resources ratio might be up to a low of 9.6 % , listed below the 9.9 %minimum it predicted in its test in 2012.

Wells Fargo anticipated its various other resources proportions to be over needed minimums.

The midyear tests are based upon how the bankings would certainly get on over a nine-quarter period that ends in June 2016.

Also Monday, Winston-Salem's BB&T said it passed its stress test.

The bank-run stress tests are various from the Federal Reserve's yearly stress-testing to find out whether big banks  would certainly be able to keep minimal capital ratios in a financial downturn.

The Fed tests are used to identify whether banks could return capital to shareholders, such as through dividend rises or buying back shares. The most recent results of those examinations were released in March.

Bank of America and Wells Fargo both passed those tests as well as received Federal Reserve authorization for their capital plans.

That cleared the method for Bank of America to boost its common stock dividend for the initial time considering that the financial crisis. The Bank said it would certainly elevate the quarterly dividend from 1 cent each share to 5 cents per share.

However in April, the bank revealed it was putting on hold the intended dividend rise after it found it had been overestimating capital ratios.

In August, the bank revealed it would certainly increase the reward to 5 cents after the Fed did not oppose a resubmitted capital strategy. But the bank said it would certainly scrap strategies to redeem $4 billion in common stock, which gettinged belonged to its initial plan the Fed approved in March.