12 CFR 1238.3
§ 1238.3 Annual stress test.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 1238.3, § 1238.3 Annual stress test, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50528
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Full text
(a) In general. Each Enterprise:
(1) Shall complete an annual stress test of itself based on its data as of December 31 of the preceding calendar year;
(2) The stress test shall be conducted in accordance with this section and the methodologies and practices described in § 1238.4 and in a supplemental guidance or order.
(b) Scenarios provided by FHFA. In conducting its annual stress tests under this section, each Enterprise must use scenarios provided by FHFA, which shall be generally consistent with and comparable to those established by the FRB, that reflect a minimum of two sets of economic and financial conditions, including a baseline and severely adverse scenario. Not later than 30 days after the FRB publishes its scenarios, FHFA will issue to the Enterprises a description of the baseline and severely adverse scenarios that each Enterprise shall use to conduct its annual stress tests under this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.