tailieunhanh - Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency

Countering this, a second group points to the high and possibly still rising unemployment in the . and Europe, coupled with excess capacity, as an effective barrier to any near-term outbreak of inflation in 2009—or even 2010. In the aggregate, they see potential supply still looking much higher than demand. This group worries that any withdrawal of stimulus now would be premature—much as in the Great Depression, when . fiscal and monetary retrenchment in 1937 cut short a nascent economic recovery after 1933. How best can we sort out these competing arguments? By disaggregating the . stimulus package. | SR Letter 12-7 Attachment Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Guidance on Stress Testing for Banking Organizations with Total Consolidated Assets of More Than 10 Billion May 14 2012 I. Introduction All banking organizations should have the capacity to understand fully their risks and the potential impact of stressful events and circumstances on their financial condition. The . federal banking agencies have previously highlighted the use of stress testing as a means to better understand the range of a banking organization s potential risk The 20072009 financial crisis underscored the need for banking organizations to incorporate stress testing into their risk management practices demonstrating that banking organizations unprepared for stressful events and circumstances can suffer acute threats to their financial condition and 4 1 See . Supervision and Regulation Letter SR 10-6 OCC Bulletin 2010-13 or FDIC Financial Institution Letter FIL 13-2010 Interagency Policy Statement on Funding and Liquidity Risk Management March 17 2010 available at http boarddocs srletters 2010 hereinafter Funding and Liquidity Risk Management Policy Statement Supervision and Regulation Letter SR 10-1 OCC Bulletin 2010-1 or FDIC FIL-2-2010 Interagency Advisory on Interest Rate Risk January 11 2010 available at http boarddocs srletters 2010 hereinafter Interest Rate Risk Advisory Supervision and Regulation Letter SR 09-4 Applying Supervisory Guidance and Regulations on the Payment of Dividends Stock Redemptions and Stock Repurchases at Bank Holding Companies revised March 27 2009 available at http boarddocs srletters 2009 hereinafter SR 09-04 Supervision and Regulation Letter SR 07-1 OCC Bulletin 2006-46 or FDIC FIL-104-2006 Interagency Guidance on Concentrations in Commercial Real