The Federal Deposit Insurance Corporation (FDIC) proposes to make several revisions to its stress testing regulation. The proposed rule would change the range of possible as-of dates used in the trading and counterparty position data stress testing component to conform to changes already made by the Board of Governors of the Federal Reserve System and proposed by the Office of the Comptroller of the Currency to their respective stress testing regulations. The proposed rule would also change the transition process for covered banks that pass the threshold of $50 billion or more in assets. Under the proposed rule, a covered bank that becomes an over $50 billion covered bank, as that term is defined in the FDIC’s stress testing regulation, on or before September 30 would become subject to the requirements applicable to an over $50 billion covered bank beginning on January 1 of the second calendar year after the covered bank becomes an over $50 billion covered bank, and a covered bank that becomes an over $50 billion covered bank after September 30 would become subject to the requirements applicable to an over $50 billion covered bank beginning on January 1 of the third calendar year after the covered bank becomes an over $50 billion covered bank. The proposed rule would also make certain technical changes to clarify the requirements of the FDIC’s stress testing regulation and to eliminate the regulation’s obsolete provisions.