06:54 AM EDT, 08/29/2024 (MT Newswires) -- The Federal Reserve said Wednesday it agreed to lower the latest stress capital buffer requirement for Goldman Sachs ( GS ) after the bank asked for reconsideration.

Goldman Sachs ( GS ) must now maintain a stress capital buffer of 6.2%, lower than the 6.4% initially required by the central bank's annual health check for big banks.

The Federal Reserve said it agreed to adjust the treatment of some non-recurring historical expenses in the stress test, resulting in the revised requirement.

The latest capital requirements for the US's largest banks, including the revision for Goldman Sachs ( GS ), take effect on Oct. 1, the central bank said.

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