{"abstract":"The Board is adopting amendments to its policy statement on the scenario design framework for stress testing. As revised, the policy statement clarifies that the Board may adopt a change in the unemployment rate in the severely adverse scenario of less than 4 percentage points under certain economic conditions and institutes a guide that limits procyclicality in the stress test for the change in the house price index in the severely adverse scenario.","action":"Final rule.","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/2019/02/28/2019-03504.html","cfr_references":[{"chapter":null,"citation_url":null,"part":252,"title":12}],"citation":"84 FR 6651","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective: April 1, 2019.","disposition_notes":null,"docket_ids":["Regulation YY","Docket No. R-1650"],"dockets":[],"document_number":"2019-03504","effective_on":"2019-04-01","end_page":6664,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2019/02/28/2019-03504.xml","html_url":"https://www.federalregister.gov/documents/2019/02/28/2019-03504/amendments-to-policy-statement-on-the-scenario-design-framework-for-stress-testing","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2019-03504?publication_date=2019-02-28","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2019-02-28/2019-03504/mods.xml","not_received_for_publication":null,"page_length":14,"page_views":{"count":5589,"last_updated":"2026-08-26 04:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-02-28/pdf/2019-03504.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-03504.pdf?1551275125","publication_date":"2019-02-28","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2019/02/28/2019-03504.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2019-05-24T16:51:05Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":6651,"subtype":null,"title":"Amendments to Policy Statement on the Scenario Design Framework for Stress Testing","toc_doc":"Amendments to 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":"Rule","volume":84}