Fed an­nounces new re­port on fi­nan­cial sta­bil­ity

The Island Packet - - News -

The Fed­eral Re­serve said Fri­day it will be­gin is­su­ing a new re­port twice a year as­sess­ing the sta­bil­ity of the U.S. fi­nan­cial sys­tem.

The Fed said the first re­port will be is­sued on Nov. 28. It will pro­vide in­for­ma­tion on po­ten­tial fi­nan­cial vul­ner­a­bil­i­ties tracked by the cen­tral bank such as val­u­a­tions for bank loans, bor­row­ing by busi­nesses and house­holds and bank fund­ing risks.

“We learned from the fi­nan­cial cri­sis that a re­silient fi­nan­cial sys­tem is crit­i­cal for a healthy econ­omy,” said Fed board mem­ber Lael Brainard.

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