From the Dodd-Frank Act Stress Test 2014 - http://www.federalreserve.gov/newsev...20140324b.htm:
The Federal Reserve’s severely adverse scenario projections estimate that the 30 BHCs as a group would experience significant losses under the severely adverse scenario. In this scenario, losses are projected to be $501 billion for the 30 BHCs in the aggregate over the nine quarters of the planning horizon.
In other words, the "severely adverse scenario" test is roughly equivalent to the previous worst-case scenario, i.e. 2007-2009. Shouldn't the Cardinal Rule of stress testing be that it exceeds anything previously experienced? My god...