I think they do stress tests everyday. Internally. The Fed, I believe, is separate from the Gov. Not federal and little reserves.  I have been tracking this since the TARP and it seems like they are much more vocal in the last 6 months than ever. My perception is that the jig is up and they will need to do major damage control. They have been injecting 100s of billions lately to keep things afloat. Not as much because of the economy and majorly because of unmanageable debt slavery globally.