Bank of America raised $13.5bn in new equity over the past two weeks by selling 1.25bn shares of stock, the company announced late Tuesday.

The stock sale is part of BofA’s campaign to raise $33.9bn in new capital, as mandated by the government’s “stress test” of soundness in the nation’s largest banks. When the results of the test were revealed May 7, BofA said it would raise $17bn through the sale of new stock and the conversion of preferred stock held by institutional investors into common.