Rules for Bank Stress Tests Proposed by FDIC

In a move that parallels the stress testing required on US bank holding companies, the Federal Deposit Insurance Corp. is scheduled to vote today on stress test requirements for all banks with assets of $10 billion or more. The proposed rules would then be open for a 60-day comment period.

The proposed rules would require a bank to take the stress test in November, report the results to the FDIC in January, and release the results publicly within 90 days after that.

There are currently 23 state banks covered by the proposed rules and another 37 financial institutions with assets greater than $50 billion that would be covered by the rules.

Proposed rules for banks meeting the $10 billion test are here.

Proposed rules for banks meeting the $50 billion test are here.