Release Date: February 10, 2017

For release at 5:00 p.m. EST

The Federal Reserve Board on Friday issued revised macroeconomic scenarios for its 2017 stress testing program to correct a data series error.

The scenarios previously released contained incorrect historical values for the BBB corporate yield in 2016. As a result of the correction, BBB corporate yields peak at slightly lower levels in the severely adverse and adverse scenarios. The correction also lowered yields in the baseline scenario, but the revision is more modest than for the other scenarios.

The adverse and severely adverse scenarios are hypothetical scenarios and not forecasts. The baseline scenario does not represent the forecast of the Federal Reserve.

2017 Supervisory Scenarios for Annual Stress Tests Required under the Dodd-Frank Act Stress Testing Rules and the Capital Plan Rule (PDF)