"This year's stress test results again demonstrate that America's banking system remains strong, resilient and well capitalized to support our economy through a range of conditions. We appreciate the Federal Reserve's meaningful efforts to improve transparency and make stress testing more rational and predictable, something ABA has supported by providing extensive input throughout the process. We are encouraged by the Fed's continued progress and will continue to engage with policymakers to ensure the stress testing framework accurately reflects risk while supporting banks' ability to meet the needs of their customers and communities."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $26.1 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.5 trillion in deposits and extend $13.7 trillion in loans.