(a) Public disclosure
of results.
(1) In general.
(i) A covered company that is subject
to a supervisory stress test under 12 CFR 238.132 must publicly disclose
a summary of the results of the stress test required under section
238.143 within the period that is 15 calendar days after the Board
publicly discloses the results of its supervisory stress test of the
covered company pursuant to section 238.134, unless that time is extended
by the Board in writing; and
(ii) A covered company that is not subject to a supervisory stress
test under section 238.132 must publicly disclose a summary of the
results of the stress test required under section 238.143 in the period
beginning on June 15 and ending on June 30 in the year in which the
stress test is conducted, unless that time is extended by the Board
in writing.
(2) Disclosure method. The summary required
under this section may be disclosed on the website of a covered company,
or in any other forum that is reasonably accessible to the public.
(b) Summary of results. The summary results must, at a minimum, contain the following information
regarding the severely adverse scenario:
(1) A description of the types of risks
included in the stress test;
(2)
A general description of the methodologies used in the stress test,
including those employed to estimate losses, revenues, provision for
credit losses, and changes in capital positions over the planning
horizon;
(3) Estimates of—
(i) Pre-provision net revenue and
other revenue;
(ii) Provision
for credit losses, realized losses or gains on available-for-sale
and held-to-maturity securities, trading and counterparty losses,
and other losses or gains;
(iii)
Net income before taxes;
(iv)
Loan losses (dollar amount and as a percentage of average portfolio
balance) in the aggregate and by subportfolio, including:
Domestic closed-end first-lien mortgages; domestic junior lien mortgages
and home equity lines of credit; commercial and industrial loans;
commercial real estate loans; credit card exposures; other consumer
loans; and all other loans; and
(v) Pro forma regulatory capital
ratios and any other capital ratios specified by the Board; and
(4) An explanation of
the most significant causes for the changes in regulatory capital
ratios; and
(5) With respect to
any depository institution subsidiary that is subject to stress testing
requirements pursuant to 12 U.S.C. 5365(i)(2), 12 CFR part 46 (OCC),
or 12 CFR part 325, subpart C (FDIC), changes over the planning horizon
in regulatory capital ratios and any other capital ratios specified
by the Board and an explanation of the most significant causes for
the changes in regulatory capital ratios.
(c) Content of results.
(1) The following disclosures required
under paragraph (b) of this section must be on a cumulative basis
over the planning horizon:
(i) Pre-provision net revenue and other
revenue;
(ii) Provision for credit
losses, realized losses or gains on available-for-sale and held-to-maturity
securities, trading and counterparty losses, and other losses or gains;
(iii) Net income before taxes;
and
(iv) Loan losses in the aggregate
and by subportfolio.
(2) The disclosure of pro forma regulatory capital ratios
and any other capital ratios specified by the Board that is required
under paragraph (b) of this section must include the beginning value,
ending value, and minimum value of each ratio over the planning horizon.
