Federal Reserve Board announces that results from its annual bank stress tests will be released on Thursday, June 23, at 4:30 p.m. EDT
June 06, 2022
Federal Reserve Board announces that results from its annual bank stress tests will be released on Thursday, June 23, at 4:30 p.m. EDT
For release at 4:00 p.m. EDT
The Federal Reserve Board announced on Monday that results from its annual bank stress tests will be released on Thursday, June 23, at 4:30 p.m. EDT.
Stress tests help ensure that banks have adequate capital to absorb losses so that they can lend to households and businesses even in a severe recession. They evaluate banks' resilience by estimating losses, net revenue, and capital levels—which provide a cushion against losses—under a hypothetical recession scenario. This year's scenario includes a severe global recession accompanied by a period of heightened stress in commercial real estate and corporate debt markets.
Banks with more than $100 billion in total consolidated assets are subject to the Board's stress tests, with larger banks required to participate annually, and smaller banks required to participate every other year. This year, a total of 34 banks participated in the stress tests.
Additional information can be found here.
For media inquiries, please email [email protected] or call 202-452-2955
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
