We have just posted Financial Accounts of the U.S., with flow of funds, balance sheet, & integrated macroeconomic account data: federalreserve.gov/releases/z1/de…#FedData (1/4)
Household net worth decreased by $6.1 trillion in Q2, mainly because of a drop in stock prices. federalreserve.gov/releases/z1/20… (2/4)
Household debt grew at an annual pace of 7.4% in Q2, with strong growth in both home mortgages and in nonmortgage consumer credit. #FedData (3/4)
The @federalreserve conducts stress tests to assess the resiliency of large banks & help ensure that they can lend to households & businesses during a severe recession. They evaluate bank strength by estimating losses & capital levels against hypothetical recessions. (1/4)
The stress tests are conducted in two ways. The Board runs and releases results from its own stress test and each large bank also is required to run a stress test itself and estimate and disclose its own individual results. (2/4)
Today, the Board released the hypothetical recession that the banks are tested against. These stress tests include a test against a severe global downturn with substantial stress in commercial real estate and corporate debt markets. (3/4) go.usa.gov/xsrHa