According to the Federal Reserve, 18 of the largest banks in US still fall short in at least one of five critical areas to capital planning and risk management. The data shown was after five years of the most expensive financial crises in the US history.

In a 41 page paper released today in Washington, the central bank said that there are many financial institutions which had improved capital planning techniques and increased capital levels. However, the Fed said considerable room for advancement across a number of dimensions could still be done.

The Federal Reserve did not cite any bank names in the study conducted by the central bank's staff. The study showed that some of the biggest banks in the US needed to improve models after lacking comprehensive systems and policies as well as report and plan for economic calamities. The study on recent stress tests was conducted among four banks which outlined weaknesses and successes.