May 6, 2009
Treasury Will Release Banks' Stress Tests Thursday
The stress tests on the leading banks will be released Thursday May 7 at 5 p.m., although the press is reporting many of the results; see WSJ, Stress Tests Separate Strong Banks From Weak; NYTimes, Bank of America Needs $33.9 Billion, U.S. Says. Treasury has posted at its website an explanation of the tests -- Joint Statement by Secretary of the Treasury Timothy F. Geithner, Chairman of the Board of Governors of the Federal Reserve System Ben S. Bernanke, Chairman of the Federal Deposit Insurance Corporation Sheila Bair, and Comptroller of the Currency John C. Dugan; The Treasury Capital Assistance Program and the Supervisory Capital Assessment Program.
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