Annual bank stress test reports

As a federally chartered thrift institution with total consolidated assets of more than $10 billion, TIAA Bank is required to conduct an annual stress test, pursuant to section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act” or “DFAST”), using scenarios (baseline, adverse and severely adverse) provided by its primary regulator the Office of the Controller of the Currency (“OCC”). The OCC published, in the Federal Register on October 9, 2012, a final rule (“Stress Test Rule”) implementing the requirements and setting out definitions and rules for scope of application, scenarios, reporting, and disclosure.