Federal Reserve Announces Bank Stress Tests for 2013

MyBankTracker

By , Staff Writer
Posted on Fri Nov 9, 2012, Last Updated on Fri Nov 9, 2012

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The Federal Reserve announced its plans to “stress test” the nation’s biggest banks in 2013, as it did this year.

“The Federal Reserve has been focused — and will remain focused — on ensuring the nation’s largest financial institutions have enough capital to weather severe, unexpected conditions and still continue lending to households and business,” said Gov. Daniel K. Tarullo in a press statement.

The banks will get the test scenarios in November and they’ll have to submit their capital plans by Jan. 7, 2013.

 

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