Fed: Limits on payouts will end for most banks after June 30

What they're saying: "The banking system continues to be a source of strength and returning to our normal framework after this year’s stress test will preserve that strength," Randal Quarles, the Fed’s vice chair of supervision, said in a statement.

Flashback: The Fed initially imposed restrictions on dividend payments and buybacks last summer after a round of tests on how their balance sheets could withstand a series of strenuous economic scenarios.

• They tweaked those limits at the end of last year following a second set of so-called "stress tests."

Catch up quick: The Fed said last week it would let a break on banks' capital requirements — put in place when the pandemic hit — expire later this month, much to the industry's ire.