The director of the Division of Financial Stability (or
the director’s delegatee) is authorized:
(a) Bank holding companies; savings and loan holding
companies; financial holding companies; change in bank control; mergers.
(1) Stress tests.
(i) Jointly with the director of the
Division of Supervision and Regulation, with the concurrence of the
Chair of the Committee on Supervision and Regulation:
(A) To develop and issue scenarios, including,
but not limited to, the baseline scenario and the severely adverse
scenario, that the Board would use to conduct analyses under section
238.132 of Regulation LL (12 CFR 238.132) or section 252.44 of Regulation
YY (12 CFR 252.44) and that a company would use to conduct its stress
tests under section 238.143 of Regulation LL (12 CFR 238.143) or section
252.14 or section 252.54 of Regulation YY (12 CFR 252.14 or 252.54),
as appropriate, provided that no significant policy issues are raised;
and
(B) To develop and issue additional
scenarios or additional components for use in the severely adverse
scenario under section 238.132(b) and 238.143(b)(2) and (3) of Regulation
LL (12 CFR 238.132(b) and 238.143(b)(2) and (3)), and sections 252.14(b)(2)
and (3), 252.44(b), and 252.54(b)(2) and (3) of Regulation YY (12
CFR 252.14(b)(2) and (3), 252.44(b), and 252.54(b)(2) and (3)), that
the Board would use to conduct analyses under section 238.132 of Regulation
LL (12 CFR 238.132) or section 252.44 of Regulation YY (12 CFR 225.44)
and that a company would use to conduct its stress tests under section
238.143 of Regulation LL (12 CFR 238.143) or section 252.14 or section
252.54 of Regulation YY (12 CFR 252.14 or 252.54), as appropriate,
provided that no significant policy issues are raised;
(2) [Reserved]
(b) Capital plans.
(1) Jointly with the director of the
Division of Supervision and Regulation, with the concurrence of the
Vice Chair for Supervision:
(i) To provide a firm subject to the Board’s capital plan rules with
notice of its stress capital buffer requirement and an explanation
of the results of the supervisory stress test pursuant to sections
225.8(h)(1) of Regulation Y (12 CFR 225.8(h)(1)) and 238.170(h)(1)
of Regulation LL (12 CFR 238.170(h)(1)); and
(ii) To provide a firm subject to the
Board’s capital plan rules with its final stress capital buffer requirement
and confirmation of its final planned capital distributions pursuant
to sections 225.8(h)(4)(i) of Regulation Y (12 CFR 225.8(h)(4)(i))
and 238.170(h)(4)(i) of Regulation LL (12 CFR 238.170(h)(4)(i)).
(2) [Reserved]
