Fed says it will is­sue re­ports on fi­nan­cial sta­bil­ity twice a year

MAR­KET WATCH

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25,989.30 2,781.01 56.75 3.72 ¥113.76 1,208.60 201.92 25.82 0.50 0.18 0.23 16.50

WASH­ING­TON — 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. “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 Fed said the new sta­bil­ity re­ports would be is­sued ev­ery spring and fall.

Af­ter the fi­nan­cial cri­sis, Fed­eral Re­serve of­fi­cials de­cided bank reg­u­la­tors had done a poor job in mon­i­tor­ing fi­nan­cial mar­ket threats and the cen­tral bank cre­ated a new divi­sion to fo­cus on th­ese threats.

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