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DODD-FRANK ACT STRESS TESTS (DFAST)


 

Dodd-Frank Act stress testing is a forward-looking exercise that assesses the impact on capital levels that would result from immediate financial shocks and nine quarters of adverse economic conditions.  FHFA requires Fannie Mae and Freddie Mac to submit the results of stress tests based on two scenarios: a Baseline scenario and a Severely Adverse scenario.  FHFA aligned the stress test scenario variables and assumptions with those used by the Board of Governors of the Federal Reserve System in its annual Dodd-Frank Act stress tests.  As of March 2020, according to the Stress Testing of Regulated Entities Final Rule, the Federal Home Loan Banks are no longer required to conduct Dodd-Frank Act stress tests.  As a prudential matter, FHFA expects the FHLBanks to continue to perform other stress tests (addressing market, credit, liquidity, and model risks) as outlined in FHFA's regulations and guidance.  

In 2014 FHFA began requiring its regulated entities  to conduct stress tests pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act).  As amended by Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), the Dodd-Frank Act requires certain financial companies with total consolidated assets of more than $250 billion, and which are regulated by a primary federal financial regulatory agency, to conduct periodic stress tests to determine whether the companies have sufficient capital to absorb losses and support operations during adverse economic conditions.

DFAST Reporting Cycles

2021 DFAST Reporting Cycle

2020 DFAST Reporting Cycle

2019 DFAST Reporting Cycle

2018 DFAST Reporting Cycle

2017 DFAST Reporting Cycle

2016 DFAST Reporting Cycle

2015 DFAST Reporting Cycle

2014 DFAST Reporting Cycle

2013 DFAST Reporting Cycle

News Releases

FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests (8/15/2019)
FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests (8/7/2018)
FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests (8/7/2017)
FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests (8/8/2016)
FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests (4/30/2015)
FHFA Announces Results of Fannie Mae and Freddie Mac Stress Tests (4/30/2014)
FHFA Issues Scenarios and Guidance to Fannie Mae, Freddie Mac and the FHLBanks Regarding Annual Dodd-Frank Stress Tests (12/17/2013)

Stress Testing Reports/Results
All Fannie Mae and Freddie Mac Stress Testing Reports

Stress Testing - Rulemaking
All Stress Testing Rulemaking Pages and Documents

Testimony
An Update from the Federal Housing Finance Agency on Oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks (4/18/2013)

Other

DFAST Frequently Asked Questions (FAQs) (8/15/2019)  
Annual Report to Congress – 2018 (6/15/2019)
Annual Report to Congress – 2017 (6/15/2018)
Annual Report to Congress – 2016 (6/15/2017)
Annual Report to Congress – 2015 (6/15/2016)
Annual Report to Congress – 2014 (6/15/2015)

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