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Stress Testing Orders

The Federal Housing Finance Agency (FHFA) sent a Notice to the Federal Register concerning Orders issued to Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks (the regulated entities) requiring reporting of annual stress testing results. The Orders, which include the stress test scenarios, were issued on November 26, 2013 under FHFA’s final stress testing rule. The stress tests, required by the Dodd-Frank Act, are designed to determine whether the regulated entities have the capital necessary to absorb losses as a result of adverse economic conditions. FHFA also issued Summary Instructions and Guidance including revised templates the regulated entities will use to report the results of the testing.

2024 Orders

2023 Orders

2022 Orders

2021 Orders

2020 Orders

2019 Orders

2018 Orders

2017 Orders

2016 Orders

2015 Orders

2014 Orders

2013 Orders

Learn More at Dodd-Frank Act Stress Tests (DFAST) page

 

2024 DFAST Reporting Cycle​

Fannie Mae
Order to Fannie Mae (3/13/2024)
Summary Instructions and Guidance (3/13​/2024)

Freddie Mac
Order to Freddie Mac (3/13/2024)
Summary Instructions and Guidance (3/13/2024)

XLS Spreadsheets

Document Title

 

2023 DFAST Reporting Cycle​

Fannie Mae
Order to Fannie Mae (3/7/2023)
Summary Instructions and Guidance (3/7​/2023)

Freddie Mac
Order to Freddie Mac (3/7/2023)
Summary Instructions and Guidance (3/7/2023)

XLS Spreadsheets

Document Title

 

2022 DFAST Reporting Cycle

Fannie Mae
Order to Fannie Mae (3/10/2022)
Summary Instructions and Guidance (3/10/2022)

Freddie Mac
Order to Freddie Mac (3/10/2022)
Summary Instructions and Guidance (3/10/2022)

XLS Spreadsheets

Document Title

 

2021 DFAST Reporting Cycle

Orders
Order Rescinding Regulatory Waiver of 12 CFR 1238.7 Publication Deadline (August 12, 2021)

Fannie Mae
Order to Fannie Mae (3/15/2021)
Summary Instructions and Guidance (3/15/2021)

Freddie Mac
Order to Freddie Mac (3/15/2021)
Summary Instructions and Guidance (3/15/2021)

XLS Spreadsheets

Document Title

 

2020 DFAST Reporting Cycle

Orders

Regulatory Waiver of 12 CFR 1238.7 Publication Deadline (August 13, 2020)​ - Rescinded as of August 12, 2021

Fannie Mae
Order to Fannie Mae (March 10, 2020)
Summary Instructions and Guidance (March 10, 2020)

Freddie Mac
Order to Freddie Mac (March 10, 2020)
Summary Instructions and Guidance (March 10, 2020)

XLS Spreadsheets

Document Title

 

2019 DFAST Reporting Cycle

Orders

Fannie Mae
Order to Fannie Mae (March 5, 2019)
Summary Instructions and Guidance (March 5, 2019)

Freddie Mac
Order to Freddie Mac (March 5, 2019)
Summary Instructions and Guidance (March 5, 2019)

FHLBanks
Order for FHLBanks (March 5, 2019)
Summary Instructions and Guidance (March 5, 2019)

XLS Spreadsheets

Document Title

 

2018 DFAST Reporting Cycle

Orders

Fa​nnie Mae

Order to Fannie Mae (March 1, 2018)
Summary Instructions and Guidance (March 1, 2018)

Freddie Mac
Order to Freddie Mac (March 1, 2018)
Summary Instructions and Guidance (March 1, 2018)

FHLBanks
Order for FHLBanks (March 1, 2018)
Summary Instructions and Guidance (March 1, 2018)

XLS Spreadsheets

Document Title

 

2017 Orders

Fannie Mae

Reporting by Regulated Entities of Stress Testing Results as of December 31, 2016 (March 3, 2017)
Summary Instructions and Guidance (March 3, 2017)

Freddie Mac

Reporting by Regulated Entities of Stress Testing Results as of December 31, 2016 (March 3, 2017)
Summary Instructions and Guidance (March 3, 2017)

FHLBanks

Reporting by Regulated Entities of Stress Testing Results as of December 31, 2016 (March 3, 2017)
Summary Instructions and Guidance (March 3, 2017)

XLS Spreadsheets

Document Title

 

2016 Orders

Fannie Mae

Reporting by Regulated Entities of Stress Testing Results as of December 31, 2015 (March 2, 2016)
Summary Instructions and Guidance (March 2, 2016)

Freddie Mac

Reporting by Regulated Entities of Stress Testing Results as of December 31, 2015 (March 2, 2016)
Summary Instructions and Guidance (March 2, 2016)

FHLBanks

Reporting by Regulated Entities of Stress Testing Results as of December 31, 2015 (March 2, 2016)
Summary Instructions and Guidance (March 2, 2016)

XLS Spreadsheets

Document Title

 

2015 Orders

FHLBanks

Supplemental Order to FHLBanks (June 10, 2015)

XLS Spreadsheets

Document Title

 

2014 Orders

Fannie Mae

Second Supplemental Order to Fannie Mae with Attachment I
Order to Fannie Mae (December 1, 2014)
Summary Instructions and Guidance (December 1, 2014)

Freddie Mac

Second Supplemental Order to Freddie Mac with Attachment I
Order to Freddie Mac (December 1, 2014)
Summary Instructions and Guidance (December 1, 2014)

FHLBanks

Second Supplemental Order to the FHLBanks with Attachment I
Order to FHLBanks (December 1, 2014)
Summary Instructions and Guidance (December 1, 2014)

XLS Spreadsheets

Document Title

 

2013 Orders

Fannie Mae

Order to Fannie Mae
Appendices to Order
Summary Instructions & Guidance
Supplemental Order to Fannie Mae
Appendices to Supplemental Order

Freddie Mac

Order to Freddie Mac
Appendices to Order
Summary Instructions & Guidance
Supplemental Order to Freddie Mac
Appendices to Supplemental Order

FHLBanks

Order to FHLBanks
Appendices to Order
Summary Instructions & Guidance
Supplemental Order to FHLBanks
Appendices to Supplemental Order

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Related:

News Releases

FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests (4/30/2015)
FHFA Announces Results of Fannie Mae and Freddie Mac Stress Tests (4/30/2014)
FHFA Issues Scenarios and Guidance to Fannie Mae, Freddie Mac and the FHLBanks Regarding Annual Dodd-Frank Stress Tests (12/17/2013)

Stress Testing Reports

All Fannie Mae and Freddie Mac Stress Testing Reports

Stress Testing - Rulemaking

All Stress Testing Rulemaking Pages and Documents

Testimony

An Update from the Federal Housing Finance Agency on Oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks (4/18/2013)

Other

Annual Report to Congress – 2014 (6/15/2015)
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