(a) Reports to
the Board of stress test results.
(1) General. A state member bank must report the results of the stress test to
the Board in the manner and form prescribed by the Board, in accordance
with paragraphs (a)(2) of this section.
(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 report the results
of the stress test to the Board by April 5, unless that time is extended
by the Board in writing; and
(ii) A state member bank that is not a covered company subsidiary
must report the results of the stress test to the Board by July 31,
unless that time is extended by the Board in writing.
(b) Contents of reports. The report required under paragraph (a) of this section must include
the following information for the baseline scenario, severely adverse
scenario, and any other scenario required under section 252.14(b)(3):
(1) A description of the
types of risks being included in the stress test;
(2) A summary description of the methodologies
used in the stress test; and
(3)
For each quarter of the planning horizon, estimates of aggregate losses,
pre-provision net revenue, provision for credit losses, net income,
and regulatory capital ratios;
(4)
An explanation of the most significant causes for the changes in regulatory
capital ratios; and
(5) Any other
information required by the Board.
(c) Confidential treatment of information submitted. The confidentiality of information submitted to the Board under
this subpart and related materials shall be determined in accordance
with applicable exemptions underthe Freedom of Information Act (5
U.S.C. 552(b)) and the Board’s Rules Regarding Availability of Information
(12 CFR part 261).
