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Statement

ABA Statement on Today's Stress Test Results

“The stress test results released today by the Federal Reserve demonstrate that the U.S. banking system remains well capitalized and adequately prepared to weather even a hypothetical global recession.

“We are also encouraged by recent recognition from policymakers that the stress testing framework and the Comprehensive Capital Analysis and Review can be further improved by better tailoring them to fit banks’ business models and activities. Today’s decision by the Federal  Reserve to exclude bank holding companies with less than $100 billion in assets from the supervisory stress test and CCAR is an important step toward tailoring enhanced prudential standards.  The next step is for regulators to provide clarity, consistent with the Economic Growth, Regulatory Reform and Consumer Protection Act, that midsize banks and savings and loan holding companies with less than $50 billion in assets do not need to file their stress testing results in July.  We look forward to working with regulators on these important changes going forward.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $18 trillion banking industry, which is composed of small, regional and large banks. Together, America’s banks employ more than 2 million men and women, safeguard nearly $14 trillion in deposits and extend more than $10 trillion in loans.

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