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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors

Joint Press Release

Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For release at 2:00 p.m. EDT
June 2, 2015

Agencies Release Statement on Dodd-Frank Act Company-run Stress Tests at Medium-sized Financial Companies

Federal banking agencies today reiterated the disclosure requirements for the annual stress tests conducted by financial institutions with total consolidated assets between $10 billion and $50 billion.

These medium-sized companies are required to conduct annual, company-run stress tests--implementing a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act--with the results disclosed to the public for the first time this year.

The firms are required to disclose certain information, including: a description of the types of risks included in the stress test; a summary description of the methodologies used in the stress test; estimates of losses, revenue, and net income; post-stress capital ratios; and an explanation of the most significant causes for the changes in regulatory capital ratios.

As the agencies have previously stated, medium-sized companies are not subject to stress tests conducted by the agencies or the Federal Reserve's annual Comprehensive Capital Assessment and Review. The company-run stress tests are hypothetical results and are not intended to be forecasts or expected outcomes, and the agencies will not make any public statements about the results.

Stress test results must be disclosed by the companies between June 15 and June 30. Any questions the public may have regarding the disclosures should be directed to the companies.

 

Media Contacts:
Federal Reserve Board Darren Gersh (202) 452-2955
FDIC Greg Hernandez (202) 898-6984
OCC William Grassano (202) 649-6870

Attachment (17 KB PDF)

Dodd-Frank Act Stress Tests
 
Last update: June 2, 2015