Joint Release: Agencies Clarify Supervisory Expectations for Stress Testing by Community Banks

FDIC Subscriptions sent this bulletin at 05/14/2012 11:25 AM EDT

Press Release

 

Joint Release
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency

 

For Immediate Release
May 14, 2012


Agencies Clarify Supervisory Expectations for Stress Testing by Community Banks

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:
Statement to Clarify Supervisory Expectations for Stress Testing by Community Banks - PDF (PDF Help)

 

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Media Contacts:

 

Federal Reserve Barbara Hagenbaugh (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Bryan Hubbard (202) 874-5770

FDIC: PR-54-2012



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