Stress Testing Policy Statement

The Board is adopting a final policy statement on the approach to supervisory stress testing conducted under the Board’s stress testing rules and the Board’s capital plan rule. The system of models used in the supervisory stress test is designed to result in projections that are (i) from an independent supervisory perspective; (ii) forward-looking; (iii) consistent and comparable across covered companies; (iv) generated from simpler and more transparent approaches, where appropriate; (v) robust and stable; (vi) conservative; and (vii) able to capture the impact of economic stress.