The Federal Reserve Board publishes this semiannual report to inform the public about its efforts to promote safety and soundness in the banking system. It includes information about banking conditions and the Board's supervisory and regulatory policies and actions.

This issue of the report focuses on the Federal Reserve's regulatory and supervisory response to the economic and financial stresses created by the COVID event.1

For more information on how the Board promotes the safety and soundness of the banking system, visit the Supervision and Regulation section of our public website (


 1. The Federal Reserve typically releases the report in conjunction with testimony before Congress by the Vice Chair for Supervision. Return to text

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Last Update: July 06, 2021