{"abstract":"The Board is requesting public comment on amendments to its policy statement on the scenario design framework for stress testing. The proposed amendments to the policy statement would clarify when the Board may adopt a change in the unemployment rate in the severely adverse scenario of less than 4 percentage points; institute a counter- cyclical guide for the change in the house price index in the severely adverse scenario; and provide notice that the Board plans to incorporate wholesale funding costs for banking organizations in the scenarios. The Board would continue to use the policy statement to develop the macroeconomic scenarios and additional scenario components that are used in the supervisory and company-run stress tests conducted under the Board's stress test rules and the Board's capital plan rule.","action":"Proposed rule; policy statement with request for public comment.","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2017/12/15/2017-26858.html","cfr_references":[{"chapter":null,"citation_url":null,"part":252,"title":12}],"citation":"82 FR 59533","comment_url":null,"comments_close_on":"2018-01-22","correction_of":null,"corrections":[],"dates":"Comments must be received by January 22, 2018.","disposition_notes":null,"docket_ids":["Regulation YY","Docket No. OP-1588"],"dockets":[],"document_number":"2017-26858","effective_on":null,"end_page":59547,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2017/12/15/2017-26858.xml","html_url":"https://www.federalregister.gov/documents/2017/12/15/2017-26858/policy-statement-on-the-scenario-design-framework-for-stress-testing","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2017-26858?publication_date=2017-12-15","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2017-12-15/2017-26858/mods.xml","not_received_for_publication":null,"page_length":15,"page_views":{"count":4335,"last_updated":"2026-08-26 18:15:08 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2017-12-15/pdf/2017-26858.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2017-26858.pdf?1513259124","publication_date":"2017-12-15","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2017/12/15/2017-26858.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"FRS","document_id":"FRS-2017-0369-0001","checked_regulationsdotgov_at":"2023-02-28T20:12:29Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":59533,"subtype":null,"title":"Policy Statement on the Scenario Design Framework for Stress Testing","toc_doc":"Policy Statement on the Scenario Design Framework for Stress Testing","toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Holding companies","Reporting and recordkeeping requirements","Securities"],"type":"Proposed Rule","volume":82}