(So can there be any doubt now that the Federales time their policy releases per the chartists? The financial equivalent of Nancy Reagan and her astrologist...So let's see, a 3-week day waterfall to March low and then get the banksters to crow and 'season' the stats with a 'green shoot' flava, followed by a 3 week rally to be followed by another sell-off with the stress-test release engineered near May 1st per the Wheel of Time and Price. -AM)
April 7, 2009: 12:57 PM ET
WASHINGTON (Reuters) -- The U.S. Treasury Department is planning to delay the release of any completed bank "stress test" results until after the first-quarter earnings season to avoid complicating stock market reaction, a source familiar with Treasury's discussions said Tuesday.
The Treasury is still talking about how results of the regulatory stress tests on the 19 largest U.S. banks will be released, and may disclose them as summary results that are not institution-specific, the source said.
The government is testing how the largest banks would fare under more adverse economic conditions than are expected in an attempt to assess the firms' capital needs. The tests are due to be completed by the end of April, but Treasury has said they may be finished before then.
The source, speaking anonymously because the Treasury has not made a final decision on what to disclose, said officials do not want any test results released before the earnings season wraps up for most U.S. banks on April 24.
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