Press Release

May 14, 2012 Agencies clarify supervisory expectations for stress testing by community banks Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For immediate release Share Three federal banking agencies Monday issued a joint statement to clarify expectations for stress testing by community banks--banks, savings associations, and bank and savings and loan holding companies with $10 billion or less in total assets. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of Currency clarified that community banks are not required or expected to conduct the types of stress testing required of larger organizations. Attachment

Federal Reserve (2012, May 13). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20120514_agencies_finalize_large_bank_stress_testing

@misc{wtfs_press_release_20120514_agencies_finalize_large_bank_stress_testing,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2012},
  month = {May},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20120514_agencies_finalize_large_bank_stress_testing},
  note = {Retrieved via When the Fed Speaks corpus}
}