The Federal Reserve Board on November 28 intends to begin publishing a semiannual report presenting the Board’s view of the outlook for U.S. financial stability.
The Financial Stability Report will include a summary of the Board’s framework for assessing the resilience of the U.S. financial system and a discussion of key indicators related to the main financial stability vulnerabilities tracked by the Board: asset valuations, borrowing by businesses and households, leverage in the financial sector, and funding risks. The report is intended to help the public and market participants understand and evaluate the Board’s assessment of financial stability conditions.
“We learned from the financial crisis that a resilient financial system is critical for a healthy economy,” said Governor Lael Brainard, Chair of the Board’s Committee on Financial Stability. “The publication of the Financial Stability Report will be an important step in providing the public with more information about the Board’s assessment of financial stability.”
The Board’s report will be similar to those published by other central banks and will complement the annual report of the Financial Stability Oversight Council, which is chaired by the Secretary of the Treasury and includes the Federal Reserve Board Chairman and other financial regulators.
While the report will provide additional information on the Board’s assessment of financial stability conditions, it will not include policy matters such as the annual determination of whether to activate the countercyclical capital buffer (CCyB). The Board plans to conduct its annual review of the CCyB in January.
The Board intends to publish future semiannual financial stability reports in the spring and fall.
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