The Federal Reserve revised this report on March 26, 2021, to reflect corrected data. The revision is listed below.

On page 8, in the Banking System Conditions section, the data for table 1, “Summary of organizations supervised by the Federal Reserve (as of 2019:Q4),” were corrected for total assets ($ trillions) for large and foreign banking organizations from $8.2 to $7.5, large FBOs from $3.4 to $2.8, and small FBOs from $1.1 to $1.0.


To enhance public transparency and heighten accountability, the Board of Governors of the Federal Reserve System (Board) publishes periodic information about banking conditions and the Federal Reserve's regulatory and supervisory activities, typically in conjunction with testimony before Congress by the Vice Chair for Supervision.

The inaugural report was published in November of 2018. This report is focused on the Federal Reserve's regulatory and supervisory response to the economic and financial stresses resulting from containment measures adopted in response to current public health concerns.

The report consists of three main sections, in addition to a summary of key developments and trends:

  • Banking System Conditions provides an overview of trends in the banking sector based on data collected by the Federal Reserve and other federal financial regulatory agencies, as well as market indicators of industry conditions.
  • Regulatory Developments provides an overview of the current areas of focus of the Federal Reserve's regulatory policy work, including pending rules.
  • Supervisory Developments provides background information on supervisory programs and approaches in light of recent events. The report distinguishes between large financial institutions and regional and community banking organizations, as supervisory approaches and priorities for these institutions frequently differ.
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Last Update: June 21, 2022