12 CFR § 46.1 - Authority and purpose.

---
identifier: "/us/cfr/t12/s46.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 46.1 - Authority and purpose."
title_number: 12
title_name: "Banks and Banking"
section_number: "46.1"
section_name: "Authority and purpose."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "46"
part_name: "STRESS TESTING"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 93a; 1463(a)(2); 5365(i)(2); and 5412(b)(2)(B)."
regulatory_source: "77 FR 61246, Oct. 9, 2012, unless otherwise noted."
cfr_part: "46"
---


# 46.1 Authority and purpose.

(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.