The results of the second round of stress tests for large banks will be released two weeks from now, the Federal Reserve announced Friday.
The agency said the test results will be released at 4:30 p.m. ET.
The tests gauge the ability of banks with more than $100 billion in total assets to withstand losses in a recession or other broad economic event and still be able to lend to households and businesses.
In its announcement, the Fed said the second-round results will show how banks were positioned to handle two scenarios, “each featuring a severe recession to assess their resiliency.”
The agency said it conducted the second round of tests in light of the recent economic uncertainty triggered by the financial impact from the coronavirus crisis. The Fed asserted that the first round of stress tests, conducted earlier this year, found large banks were well capitalized.