Implode-o-Meter News - Fed Proposes Big Banks Hold More Cash, Assets

The largest banks -- those with more than $250 billion in assets -- would be required to hold enough cash and securities to fund their operations for 30 days during a time of market stress. Smaller banks -- those with more than $50 billion and less than $250 billion -- would have to keep enough to cover 21 days.
Fed officials said the rules are stronger than new international standards for banks. Combined, the largest banks would have to hold an estimated $2 trillion in high-quality assets to meet the requirement. The banks already hold roughly 90 percent of that amount, according to the Fed.

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Fed Proposes Big Banks Hold More Cash, Assets