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