Estimated loss-absorbing capacity at the end of 2022, as a percentage of total assets

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Note: For smaller banks, calculation includes all long-term debt other than Federal Home Loan Bank advances; | For bigger banks, calculation includes eligible long-term debt as reported under the Federal Reserve's Total Loss-Absorbing Capacity rules

Source: Company reports, Breakingviews calculations | L.Proud | Breakingviews | May 23, 2023