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24.06.2022 09:57 News >> Fed Stress Test Shows US Banks Can Survive Severe Recession

Fed Stress Test Shows US Banks Can Survive Severe Recession

Banks would continue lending to households, businesses during recession, central bank's annual test finds.

The Federal Reserve's annual stress test showed that American banks can survive a hypothetical severe recession in US economy.
"Banks continue to have strong capital levels, allowing them to continue lending to households and businesses during a severe recession," the central bank said Thursday in its stress test results based on a total of 34 banks that participated this year.
"All banks tested remained above their minimum capital requirements, despite total projected losses of $612 billion," it added.
The Fed said the aggregate common equity capital ratio, which provides a cushion against losses in a recession, is projected to decline by 2.7 percentage points to a minimum of 9.7% -- still more than double the minimum requirement.
The central bank said this year's scenario in the stress test is tougher than the one in 2021, as its design includes a hypothetical severe global recession that would especially impact commercial real estate and corporate debt markets. -



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