Notice2025-20212
Request for Comment on Scenarios for the Board's 2026 Supervisory Stress Test
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 18, 2025
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is seeking comment on the proposed scenarios for the Board's 2026 supervisory stress tests.
Full Text
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<title>Federal Register, Volume 90 Issue 220 (Tuesday, November 18, 2025)</title>
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[Federal Register Volume 90, Number 220 (Tuesday, November 18, 2025)]
[Notices]
[Page 51762]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-20212]
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FEDERAL RESERVE SYSTEM
[Docket No. OP-1871]
Request for Comment on Scenarios for the Board's 2026 Supervisory
Stress Test
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Request for comment.
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SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is seeking comment on the proposed scenarios for the Board's 2026
supervisory stress tests.
DATES: Comments must be received on or before December 1, 2025.
ADDRESSES: You may submit comments, identified by Docket No. OP-1871,
by any of the following methods:
<bullet> Agency Website: <a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a>. Follow the instructions for submitting comments, including
attachments. Preferred Method.
<bullet> Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
<bullet> Hand Delivery/Courier: Same as mailing address.
<bullet> Other Means: <a href="/cdn-cgi/l/email-protection#037376616f6a60606c6e6e666d7770436571612d646c75"><span class="__cf_email__" data-cfemail="8dfdf8efe1e4eeeee2e0e0e8e3f9fecdebffefa3eae2fb">[email protected]</span></a>. You must include the
docket number in the subject line of the message.
Comments received are subject to public disclosure. In general,
comments received will be made available on the Board's website at
<a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a> without change and will
not be modified to remove personal or business information including
confidential, contact, or other identifying information. Comments
should not include any information such as confidential information
that would be not appropriate for public disclosure. Public comments
may also be viewed electronically or in person in Room M-4365A, 2001 C
St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. during Federal
business weekdays.
FOR FURTHER INFORMATION CONTACT: Doriana Ruffino, Assistant Director,
(202) 452-5235, Hillel Kipnis, Assistant Director, (202) 452-2924, John
Simone, Lead Financial Institution Policy Analyst, (202) 245-4256,
Division of Supervision and Regulation; William Bassett, Senior
Associate Director, (202) 736-5644, Bora Durdu, Deputy Associate
Director, (202) 452-3755, Elena Afanasyeva, Principal Economist, (202)
736-1971, Levent Altinoglu, Principal Economist, (202) 721-4503, and
Sam Jerow, Senior Financial Analyst, (202) 245-4299, Division of
Financial Stability; Asad Kudiya, Associate General Counsel, (202) 360-
6887, Julie Anthony, Senior Special Counsel, (202) 658-9400, Brian
Kesten, Senior Counsel, (202) 843-4079, and Tara Hofbauer, Senior
Attorney (202) 680-2503, Legal Division. Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551. For users of TDD-TYY, please call 711 from any
telephone, anywhere in the United States. Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
SUPPLEMENTARY INFORMATION: The supervisory stress tests conducted
annually by the Board of Governors of the Federal Reserve System
(Board) help ensure that large banks are able to lend to households and
businesses even in a severe recession. The stress tests evaluate the
financial resilience of large banks by estimating bank losses,
revenues, expenses, and resulting capital levels--which provide a
cushion against losses--under hypothetical recession scenarios into the
future.\1\ The Board uses the results of a stress test, in part, to set
large bank capital requirements.
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\1\ U.S. bank holding companies (BHCs), covered savings and loan
holding companies (SLHCs), and intermediate holding companies of
foreign banking organizations (IHCs) with $100 billion or more in
assets are subject to the Board's supervisory stress test rule (12
CFR part 238, subpart O; 12 CFR part 252, subpart E) and capital
planning requirements (12 CFR 225.8; 12 CFR 238.170). In addition,
certain BHCs, SLHCs, IHCs, and state member banks must comply with
the Board's company-run stress test rules (12 CFR part 238, subpart
P; and 12 CFR part 252, subparts B and F).
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To enhance the transparency of the annual stress tests and to seek
public feedback, the Board is inviting comment on the proposed stress
test scenarios for the 2026 supervisory stress test. These proposed
scenarios, as well as supporting models and data, are available on the
Board's website: <a href="https://www.federalreserve.gov/supervisionreg/dfa-stress-tests-2026.htm">https://www.federalreserve.gov/supervisionreg/dfa-stress-tests-2026.htm</a>.
Separately, the Board is seeking comment on an enhanced disclosure
process under which the Board would publish and seek comment on the
scenarios by October 15 of each year.
By order of the Board of Governors of the Federal Reserve
System.
Benjamin W. McDonough,
Deputy Secretary of the Board.
[FR Doc. 2025-20212 Filed 11-17-25; 8:45 am]
BILLING CODE 6210-01-P
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