Federal Deposit Insurance Corporation December 3, 2013 – Federal Register Recent Federal Regulation Documents

Section 165(i) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (``Section 165(i)'') requires the Federal Deposit Insurance Corporation (the ``FDIC'' or ``Corporation'') to issue regulations that mandate FDIC-insured state nonmember banks and FDIC-insured state-chartered savings associations with total consolidated assets of more than $10 billion (``covered banks'') to conduct annual stress tests, report the results of such stress tests to the Corporation and the Board of Governors of the Federal Reserve System (``Board of Governors''), and publish a summary of the results of the stress tests. On October 15, 2012, the FDIC published in the Federal Register a final rule implementing the requirements of Section 165(i) (the ``Stress Test Rule''). Under the Stress Test Rule covered banks are required to conduct annual stress tests using a minimum of three stress test scenarios (baseline, adverse, and severely adverse) provided by the FDIC. On November 20, 2012, the FDIC published in the Federal Register interim guidance setting forth the general processes and factors to be used by the FDIC in developing and distributing the stress test scenarios. The FDIC is now adopting the interim guidance as final without change, except for two technical corrections.