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ABA: The American Bankers Association
Statement

ABA Statement on Stress Test Results

“The Federal Reserve's latest stress test results affirm that the nation's largest banks continue to be a source of strength for the economy and remain well prepared to handle a range of potential economic shocks. Their strong balance sheets and capital levels have allowed these institutions to provide critical support to the U.S. economy during the very real economic shock caused by the coronavirus. As the results make clear, even under the most adverse hypothetical scenarios banks will continue to help the nation overcome the economic challenges posed by the pandemic."

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $21.1 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $17 trillion in deposits and extend nearly $11 trillion in loans.

Press Contact

Ian McKendry

(202) 663-5473

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