What does "Request for Comment on Scenarios for the Board's 2026 Supervisory Stress Test" cover?

The Federal Reserve is requesting public comment on proposed macroeconomic scenarios for the 2026 supervisory stress tests designed to assess large bank…

Which agency issued this update?

This update was issued by Federal Reserve System.

When was it published?

It was published on November 18, 2025.

Document Headings

Document headings vary by document type but may contain the following:

the agency or agencies that issued and signed a document
the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to
the agency docket number / agency internal file number
the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions

See the Document Drafting Handbook for more details.

Federal Reserve System

[Docket No. OP-1871]

AGENCY:

Board of Governors of the Federal Reserve System.

ACTION:

Request for comment.

SUMMARY:

The Board of Governors of the Federal Reserve System (Board) is seeking comment on the proposed scenarios for the Board's 2026 supervisory stress tests.

DATES:

Comments must be received on or before December 1, 2025.

ADDRESSES:

You may submit comments, identified by Docket No. OP-1871, by any of the following methods:

Agency Website: https://www.federalreserve.gov/apps/proposals/. Follow the instructions for submitting comments, including attachments. Preferred Method.
Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551.
Hand Delivery/Courier: Same as mailing address.
Other Means: publiccomments@frb.gov. You must include the docket number in the subject line of the message.

Comments received are subject to public disclosure. In general, comments received will be made available on the Board's website at https://www.federalreserve.gov/apps/proposals/ without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would be not appropriate for public disclosure. Public comments may also be viewed electronically or in person in Room M-4365A, 2001 C St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. during Federal business weekdays.

FOR FURTHER INFORMATION CONTACT:

Doriana Ruffino, Assistant Director, (202) 452-5235, Hillel Kipnis, Assistant Director, (202) 452-2924, John Simone, Lead Financial Institution Policy Analyst, (202) 245-4256, Division of Supervision and Regulation; William Bassett, Senior Associate Director, (202) 736-5644, Bora Durdu, Deputy Associate Director, (202) 452-3755, Elena Afanasyeva, Principal Economist, (202) 736-1971, Levent Altinoglu, Principal Economist, (202) 721-4503, and Sam Jerow, Senior Financial Analyst, (202) 245-4299, Division of Financial Stability; Asad Kudiya, Associate General Counsel, (202) 360-6887, Julie Anthony, Senior Special Counsel, (202) 658-9400, Brian Kesten, Senior Counsel, (202) 843-4079, and Tara Hofbauer, Senior Attorney (202) 680-2503, Legal Division. Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. For users of TDD-TYY, please call 711 from any telephone, anywhere in the United States. Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551.

SUPPLEMENTARY INFORMATION:

The supervisory stress tests conducted annually by the Board of Governors of the Federal Reserve System (Board) help ensure that large banks are able to lend to households and businesses even in a severe recession. The stress tests evaluate the financial resilience of large banks by estimating bank losses, revenues, expenses, and resulting capital levels—which provide a cushion against losses—under hypothetical recession scenarios into the future.^[1] The Board uses the results of a stress test, in part, to set large bank capital requirements.

To enhance the transparency of the annual stress tests and to seek public feedback, the Board is inviting comment on the proposed stress test scenarios for the 2026 supervisory stress test. These proposed scenarios, as well as supporting models and data, are available on the Board's website: https://www.federalreserve.gov/supervisionreg/dfa-stress-tests-2026.htm.

Separately, the Board is seeking comment on an enhanced disclosure process under which the Board would publish and seek comment on the scenarios by October 15 of each year.

By order of the Board of Governors of the Federal Reserve System.

Benjamin W. McDonough,

Deputy Secretary of the Board.

Footnotes

1. U.S. bank holding companies (BHCs), covered savings and loan holding companies (SLHCs), and intermediate holding companies of foreign banking organizations (IHCs) with $100 billion or more in assets are subject to the Board's supervisory stress test rule (12 CFR part 238, subpart O; 12 CFR part 252, subpart E) and capital planning requirements (12 CFR 225.8; 12 CFR 238.170). In addition, certain BHCs, SLHCs, IHCs, and state member banks must comply with the Board's company-run stress test rules (12 CFR part 238, subpart P; and 12 CFR part 252, subparts B and F).

Back to Citation

[FR Doc. 2025-20212 Filed 11-17-25; 8:45 am]

BILLING CODE 6210-01-P

Request for Comment on Scenarios for the Board's 2026 Supervisory Stress Test

Summary