Code of Federal Regulations · Section

§ 46.1 — Authority And Purpose

12 C.F.R. § 46.1

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(a) Authority. 12 U.S.C. 93a; 12 U.S.C. 1463(a)(2); 12 U.S.C. 5365(i)(2); 12 U.S.C. 5412(b)(2)(B).

(b) Purpose. This part implements 12 U.S.C. 5365(i)(2), which requires a national bank or Federal savings association with total consolidated assets of more than $10 billion to conduct an annual stress test and establishes a definition of stress test, methodologies for conducting stress tests, and reporting and disclosure requirements.

12 C.F.R. § 46.2

Authorizing Statute

Powers and duties transferred
12 U.S.C. § 5412
Supervision of savings associations
12 U.S.C. § 1463
Enhanced supervision and prudential standards for nonbank financial companies supervised by the Board of Governors and certain bank holding companies
12 U.S.C. § 5365
Authority to prescribe rules and regulations
12 U.S.C. § 93a