The additional analysis gave the public a view into the intellectual underpinnings of the policy actions the Board took, which included special limitations on—but not a complete elimination of—capital distributions and a requirement for all firms to re-assess their capital needs and submit another capital plan in late 2020 in light of the economic uncertainty.
The December round of stress tests that followed informed an adjustment to and extension of the distribution limitations into the first quarter of 2021, and we are continuing to use insights from the stress tests as we consider when to lift the limitations.