Press Release

FDIC Issues Revised Economic Scenarios for 2017 Stress Testing

FOR IMMEDIATE RELEASE February 10, 2017

Media contact: Barbara Hagenbaugh (202) 898-7192 bhagenbaugh@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today released revised economic scenarios for use by certain financial institutions with total consolidated assets of more than $10 billion for the 2017 stress tests.

The previously released scenarios contained incorrect historical values for the BBB corporate yield in 2016.

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, who the FDIC works with to develop and distribute the scenarios, also issued revised data.

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 5,980 as of September 30, 2016. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.

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