(a) Public disclosure
of results.
(1) General. A state member bank must publicly
disclose a summary of the results of the stress test required under
this subpart.
(2) Timing. For each stress test cycle in which
a stress test is conducted:
(i) A state member bank that is a covered
company subsidiary must publicly disclose a summary of the results
of the stress test within 15 calendar days after the Board discloses
the results of its supervisory stress test of the covered company
pursuant to section 252.46(b), unless that time is extended by the
Board in writing; and
(ii) A
state member bank that is not a covered company subsidiary must publicly
disclose a summary of the results of the stress test in the period
beginning on October 15 and ending on October 31, unless that time
is extended by the Board in writing.
(3) Disclosure
method. The summary required under this section may be disclosed
on the website of a state member bank, or in any other forum that
is reasonably accessible to the public.
(b) Summary of results.
(1) State member
banks that are subsidiaries of bank holding companies. A state
member bank that is a subsidiary of a bank holding company satisfies
the public disclosure requirements under this subpart if the bank
holding company publicly discloses summary results of its stress test
pursuant to this section or section 252.58, unless the Board determines
that the disclosures at the holding company level do not adequately
capture the potential impact of the scenarios on the capital of the
state member bank and requires the state member bank to make public
disclosures.
(2) State member banks that are not subsidiaries
of bank holding companies. A state member bank that is not a
subsidiary of a bank holding company or that is required to make disclosures
under paragraph (b)(1) of this section must publicly disclose, at
a minimum, the following information regarding the severely adverse
scenario:
(i) A description
of the types of risks being included in the stress test;
(ii) A summary description of the methodologies
used in the stress test;
(iii)
Estimates of—
(A) Aggregate
losses;
(B) Pre-provision net revenue;
(C) Provision for credit losses;
(D) Net income; and
(E) Pro forma regulatory capital ratios
and any other capital ratios specified by the Board; and
(iv) An explanation of the most
significant causes for the changes in regulatory capital ratios.
(c) Content
of results.
(1) The
disclosure of aggregate losses, pre-provision net revenue, provision
for creditlosses, and net income that is required under paragraph
(b) of this section must be on a cumulative basis over the planning
horizon.
(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 plan- ning horizon.
