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.
Learn More at Dodd-Frank Act Stress Tests (DFAST) page
2024 DFAST Reporting Cycle
Orders
Regulatory Waiver of 12 CFR 1238.7 Publication Deadline (8/14/2024)
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
2024 FHFA Scenario Variables and Assumptions Templates
2024 FHFA Enterprise Stress Test Templates - Baseline
2024 FHFA Enterprise Stress Test Templates - Severely Adverse
2024 FHFA DFAST Severely Adverse Market Shocks
2024 Exploratory Analysis
Fannie Mae
Order to Fannie Mae (3/27/2024)
Summary Instructions and Guidance (3/27/2024)
Freddie Mac
Order to Freddie Mac (3/27/2024)
Summary Instructions and Guidance (3/27/2024)
XLS Spreadsheets
2024 FHFA Enterprises Exploratory Conditions
2024 FHFA Enterprises Exploratory Variables and Assumptions Templates
2024 FHFA Enterprises Analysis Templates
2024 FHFA Enterprises Exploratory Analysis Market Shocks
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
2023 FHFA Scenario Variables and Assumptions Templates
2023 FHFA Enterprise Stress Test Templates - Baseline
2023 FHFA Enterprise Stress Test Templates - Severely Adverse
2023 FHFA DFAST Severely Adverse Market Shocks
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
2022 FHFA Scenario Variables and Assumptions Templates
2022 FHFA Enterprise Stress Test Templates - Severely Adverse
2022 FHFA Enterprise Stress Test Templates - Severely Adverse
2022 FHFA DFAST Severely Adverse Market Shocks
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
2021 FHFA Scenario Variables and Assumptions Templates
2021 FHFA Enterprise Stress Test Templates - Baseline
2021 FHFA Enterprise Stress Test Templates - Severely Adverse
2021 FHFA DFAST Severely Adverse Market Shocks
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
2020 FHFA Scenario Variables and Assumptions Templates
2020 FHFA Enterprise Stress Test Templates - Baseline
2020 FHFA Enterprise Stress Test Templates - Severely Adverse
2020 FHFA DFAST Severely Adverse Market Shocks
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
2019 FHFA Scenario Variables and Assumptions Templates
2019 FHFA Enterprises Stress Test Templates - Baseline
2019 FHFA Enterprises Stress Test Templates - Adverse
2019 FHFA Enterprises Stress Test Templates - Severely Adverse
2019 FHFA FHLBanks Stress Test Templates - Baseline
2019 FHFA FHLBanks Stress Test Templates - Adverse
2019 FHFA FHLBanks Stress Test Templates - Severely Adverse
2019 FHFA DFAST Adverse Market Shocks
2019 FHFA DFAST Severely Adverse Market Shocks
2018 DFAST Reporting Cycle
Orders
Fannie 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
2018 FHFA Scenario Variables and Assumptions Templates
2018 FHFA Enterprises Stress Test Templates - Baseline
2018 FHFA Enterprises Stress Test Templates - Adverse
2018 FHFA Enterprises Stress Test Templates - Severely Adverse
2018 FHFA FHLBanks Stress Test Templates - Baseline
2018 FHFA FHLBanks Stress Test Templates - Adverse
2018 FHFA FHLBanks Stress Test Templates - Severely Adverse
2018 FHFA DFAST Adverse Market Shocks
2018 FHFA DFAST Severely Adverse Market Shocks
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
2017 FHFA Scenario Variables and Assumptions Templates
2017 FHFA Enterprises Stress Test Templates - Baseline
2017 FHFA Enterprises Stress Test Templates - Adverse
2017 FHFA Enterprises Stress Test Templates - Severely Adverse
2017 FHFA FHLBanks Stress Test Templates - Baseline
2017 FHFA FHLBanks Stress Test Templates - Adverse
2017 FHFA FHLBanks Stress Test Templates - Severely Adverse
2017 FHFA DFAST Adverse Market Shocks
2017 FHFA DFAST Severely Adverse Market Shocks
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
2016 FHFA Scenario Variables and Assumptions Templates
2016 FHFA Enterprises Stress Test Templates - Baseline
2016 FHFA Enterprises Stress Test Templates - Adverse
2016 FHFA Enterprises Stress Test Templates - Severely Adverse
2016 FHFA FHLBanks Stress Test Templates - Baseline
2016 FHFA FHLBanks Stress Test Templates - Adverse
2016 FHFA FHLBanks Stress Test Templates - Severely Adverse
2016 FHFA DFAST Adverse Market Shocks
2016 FHFA DFAST Severely Adverse Market Shocks
2015 Orders
FHLBanks
Supplemental Order to FHLBanks (June 10, 2015)
XLS Spreadsheets
2015 FHFA Scenario Variables and Assumptions Templates
2015 FHFA Enterprises Stress Test Templates - Baseline
2015 FHFA Enterprises Stress Test Templates - Adverse
2015 FHFA Enterprises Stress Test Templates - Severely Adverse
2015 FHFA FHLBanks Stress Test Templates - Baseline
2015 FHFA FHLBanks Stress Test Templates - Adverse
2015 FHFA FHLBanks Stress Test Templates - Severely Adverse
2015 FHFA FHLBanks Stress Test Templates - Severely Adverse - (revised June 10, 2015)
2015 FHFA DFAST Adverse Market Shocks
2015 FHFA DFAST Severely Adverse Market Shocks
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
2014 FHFA Scenario Variables and Assumptions Templates
2014 FHFA Enterprises Stress Test Templates
2014 FHFA FHLBanks Stress Test Templates
2014 FHFA Global Market Shocks - Adverse
2014 FHFA Global Market Shocks - Severe
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
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
Other