Federal Reserve announces it has not objected to a re-submitted capital plan from Zions Bancorporation

The following press release was published by the Board of Governors of the Federal Reserve System on July 25, 2014. It is reproduced in full below.

The Federal Reserve on Friday announced that it has not objected to a re-submitted capital plan from Zions Bancorporation. Earlier this year, the Federal Reserve objected to the 2014 capital plan from Zions because the firm did not meet the minimum, post-stress tier 1 common ratio of 5 percent during the annual Comprehensive Capital Analysis and Review.

Zions was required to submit a new capital plan under the Federal Reserve's regulation. In the new submission, the firm's minimum, post-stress tier 1 common ratio was 5.1 percent.

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Source: Board of Governors of the Federal Reserve System