The Federal Reserve will release the results of its annual bank stress testing, which covers 32 banks with assets of $100 billion or more, at 4:30 p.m. on June 26 (4:30 a.m. Beijing time the next day). The Fed said in its statement on Thursday that the hypothetical scenario included a severe global recession and pressure on commercial and residential real estate markets. The Fed will also include the "aggregate results" of its first exploratory analysis, a tool that measures whether banks have enough capital to absorb losses to lend to households and businesses in a severe recession, but that part will not affect banks' capital base requirements.