For Immediate Release
June 23, 2016
ABA Media Contact: Jeff Sigmund
(202) 663-5439
Email: jsigmund@aba.com
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ABA Statement on Federal Reserve Stress Test Results

By Rob Nichols, ABA president and CEO

​“Today’s results have reaffirmed what we already knew — U.S. banks are strongly capitalized and remain well positioned to serve as a critical economic driver going forward.  Even under the worst imaginable conditions, banks’ strong capital positions and solid balance sheets would allow them to continue lending and meeting the needs of their clients, customers and communities.
 
“The tremendous effort banks have made to build capital and liquidity has allowed them to perform strongly even under scenarios that are unrealistically severe.  This success has continued even as institutions are judged through an unnecessarily opaque standard. 
 
“Fortunately, banks and regulators are continuing to learn how to make the stress test process more valuable as a forward-looking and flexible supervisory and management tool.  This process would benefit even more from increased transparency, as well as involving the public in discussion about how the scenarios are developed and how the tests are administered.”
 
The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $8 trillion in loans.
 
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