{"data":{"id":"us/12-cfr-1238.2","jurisdiction":"us","citation":"12 CFR 1238.2","heading":"Definitions.","body":"For purposes of this part, the following definitions apply:\nPlanning horizon means the period of time over which the stress projections must extend. The planning horizon cannot be less than nine quarters.\nScenarios are sets of economic and financial conditions used in the Enterprises' stress tests, including baseline and severely adverse.\nStress test is a process to assess the potential impact on an Enterprise of economic and financial conditions (“scenarios”) on the consolidated earnings, losses, and capital of the Enterprise over a set planning horizon, taking into account the current condition of the Enterprise and the Enterprise's risks, exposures, strategies, and activities.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER B—ENTITY REGULATIONS","PART 1238—STRESS TESTING OF REGULATED ENTITIES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"6b5da7bb10463bf74279a3ec07082c93be231d0f80132e829d718a4137e34d81","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1238.1","next":"us/12-cfr-1238.3"},"notice":"GroundRules: Original legal text. Not legal advice."}