A test of the Uncertainty Constant

From WJS:

Last year the Federal Reserve pushed the nation’s biggest banks to beef up their capital levels to ensure that they could escape a worsening crisis with common equity of at least 4% of their total assets. Today, the Fed put out financial statements on itself and revealed that its own capital level is below that stress-test level.At the end of 2009 the Fed had $51.3 billion in total capital on $2.3 trillion of assets, for a capital ratio of 2.3%

My theory says that this reserve ratio is below the comfort zone and the Fed will raise rates rather suddenly, soon. They are, at the moment, hearing anxiety among the big investment banks; 2.3% is too little inventory for any bank to bet on for any length of period.