Fed will publish stress test scenarios and model changes for public comment each year
The Federal Reserve will release proposed stress test scenarios each January for at least 30 days of public comment, and will seek comment on material model changes before using them. It also finalizes the models for the coming test.
Who it affects
Large banks and holding companies subject to Fed stress tests
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.
Social Security revises its disability listings for heart and blood vessel disorders, adds listings for aortic valve disease, cardiomyopathy and artery disease in transplanted hearts and updates the criteria for heart failure and other conditions. They apply to new and pending adult and child claims.
The Comptroller of the Currency and the FDIC define an unsafe or unsound practice as one breaking prudent standards and likely to materially harm a bank's finances or the insurance fund. Formal examiner warnings are limited to legal violations and practices reasonably expected to cause such harm.
EPA grants California's request for five more years for the Los Angeles-South Coast Air Basin to meet the annual fine particle (PM2.5) air quality standard, finding the state has met the legal conditions for the extension.
The yearly catch limit for bottomfish in federal waters around Guam rises from 31,000 to 34,500 pounds. Instead of closing the fishery mid-season, any amount by which the 3-year average catch tops the limit is cut from the limit for the season after.
The Raisin Administrative Committee drops to 21 members from 47, loses producer district seats and the bargaining association seat, adds an unaffiliated producer seat, and needs 14 for a quorum instead of 25. It may also accept voluntary contributions.