Fed to Release Stress Test Results Next Week

Data will show potential losses in specific loan categories
By Nick McMaster,  Newser Staff
Posted May 1, 2009 1:44 PM CDT
Federal Reserve Board Chairman Ben Bernanke takes part in the Federal Reserve Sixth Biennial Community Affairs Research Conference in Washington, April 17, 2009.   (AP Photo)
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(Newser) – The US will learn the fiscal health of its 19 biggest banks Thursday, when the Federal Reserve and Treasury release the results of the “stress tests,” the Wall Street Journal reports. Delayed somewhat, the results will contain potential loss estimates in specific loan categories for each bank, and aggregate data to give an overall picture of the banking system’s health.