The Federal Reserve has told Bank of America Corp. to revise its plans to boost dividends in the second half of the year, Reuters reported. Bank of America, the second largest U.S. bank by assets, had hoped to be in a second wave of lenders that plan to increase dividends. CEO Brian Moynihan said that raising the dividend was a top priority, Reuters said. Some of the country’s largest banks are aggressively boosting dividends. Others are still coping with loan losses and looking to post consistent profits as they recover from the financial crisis. On March 18, the Fed approved dividend increases for a group of banks after conducting a second round of stress tests on the 19 largest U.S. banks. Bank of America slashed its quarterly dividend from 64 cents per share to 1 cent in 2008 at the height of the financial crisis.