Citigroup Inc. was above a minimum generally accepted regulatory capital standard based on initial Federal Reserve stress test results released Thursday seeking to find out if the big bank can withstand a deep recession. Specifically, the test, designed to assess whether the bank had the reserves necessary to withstand another crisis like the credit crunch of 2008, showed that Citigroup had 8.3% of capital set aside under a measure called Tier 1 common ratio, above the generally accepted standard of 5%. In the stress test scenario, where the U.S. is experiencing 12% unemployment, the mega bank which initially failed its stress test last year, would have losses of $29 billion and loan losses of $55 billion.

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