---
kind: "section"
citation: "12 C.F.R. § 46.1"
title: "12"
number: "46.1"
heading: "Authority and purpose."
url: "https://uscodex.org/cfr/12/46.1"
---

# §46.1. Authority and purpose.

- (a) **Authority.** [12 U.S.C. 93a](/usc/12/93a.md); [12 U.S.C. 1463(a)(2)](/usc/12/1463.md?p=a-2); [12 U.S.C. 5365(i)(2)](/usc/12/5365.md?p=i-2); [12 U.S.C. 5412(b)(2)(B)](/usc/12/5412.md?p=b-2-B).
- (b) **Purpose.** This part implements [12 U.S.C. 5365(i)(2)](/usc/12/5365.md?p=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.

## Notes

### Authority

Authority: 12 U.S.C. 93a; 1463(a)(2); 5365(i)(2); and 5412(b)(2)(B).

### Source

Source: 77 FR 61246, Oct. 9, 2012, unless otherwise noted.