Board of Governors of the Federal Reserve System

response, intermediate- and longer-term interest rates as of mid-May were

Testimony of Governor Edward W. Kelley, Jr. Y2K and Federal Reserve readiness Before the Subcommittee on Financial Services and Technology of the Committee

Crisis Economy and Monetary Policy Five years ago, monetary policymakers...crisis and subsequent recession. More broadly, many central banks around

crisis. In addition, NIMs may also be used to help monitor banks' "reach...crisis has put downward pressure on the NIMs of all banks, but especially

crisis. It restored market confidence in bank health, enabled firms to...crisis, as supervisory stress tests of Fannie Mae and Freddie Mac failed

pre-crisis levels. The stagnation in credit quality follows three consecutive...crisis, the volume of leveraged lending has since increased and underwriting

crisis. Reflecting the severity of the most extreme stress scenario--which...crisis five years ago." This is the fourth round of stress tests led by

crisis of 2007 highlighted the important role of interconnectedness in...post-crisis reforms on interconnectedness and systemic risk; Implications

crisis. This is a time for large banks to preserve capital, so they can...crisis, and I cannot support it. Stress testing ensures that large banks

Crisis. Points A and B allow us to compare the actual and forecast values...Crisis. Return to text