WASHINGTON — Banks are going to have to work harder next year if they want to continue to pass the Federal Reserve Board's annual stress test exercise.

As JPMorgan Chase & Co., Goldman Sachs and BB&T learned firsthand last week — when the central bank released its latest stress results of the 18 largest banks — it's not always just about how much capital a firm is projected to hold. All three banks ostensibly scored well on the test, holding capital above the minimum 5% Tier 1 common ratio even in a "severely adverse" economic scenario.

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