On March 13, the Federal Reserve announced summary results of the latest round of bank stress tests, which show that the majority of the 19 largest U.S. banks would continue to meet supervisory expectations for capital adequacy despite large projected losses in an extremely adverse hypothetical economic scenario. On March 16, the Federal Reserve stated that it had made mistakes in calculating bank losses in stress test results, however it noted that the revisions - which affect Citigroup, Bank of America, Ally Financial, Metlife and Wells Fargo – had no effect on key figures like capital ratios. In revised figures, the Federal Reserve reduced Citi's losses on first lien mortgages from $9.3 billion to $8.9 billion under the stressed scenario. The change occurred after the Federal Reserve decided to remove foreign mortgages from that calculation.