Government officials recently conducted stress tests on 19 large financial institutions with the stated goal of helping to assess the health of the banking industry and the ability of banks to weather weak economic conditions. On April 24, the Federal Reserve issued a white paper report outlining the methodology used to conduct the stress test. The white paper is intended to assist analysts and members of the public in understanding the results of the stress test, formally called the Supervisory Capital Assessment Program.
The federal Reserve met with the industry banks on Friday, asking for feedback on preliminary results of the test. the public announcement of the results are expected in early May.
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