The Collins amendment will make banks replace a commonly accepted form of hybrid capital called trustpreferredsecurities with common stock or other securities.
This threat also coincides with the possible loss of trustpreferredsecurities as a component of Tier One capital, which recently was added to regulatory reform.
Comerica said it believes it is uniquely positioned as the only bank in its peer group to have redeemed TARP and eliminated trustpreferredsecurities from its capital structure.