An inaugural report summarizing current banking system conditions and recent supervisory and regulatory actions by the Federal Reserve Board is slated for release at noon Friday (Nov. 9), the Fed announced Tuesday.
This new report, called the Supervision and Regulation Report, is being published in conjunction with appearances before Congress slated next week by Vice Chairman for Supervision Randal K. Quarles. Quarles is slated to testify Nov. 14 before the House Financial Services Committee and Nov. 15 before the Senate Banking Committee on the board’s recent supervisory and regulatory actions. Quarles, as the Fed’s top supervision official, is required by statute to report semiannually to Congress.
Quarles, in a quote included with Tuesday’s announcement, said the report will show “that the banking system is currently performing quite well. A decade after the financial crisis, firms of all sizes are healthy, with strong loan growth and return on equity.”
The report will contain quantitative and qualitative information about the current state of the banking system, including aggregate information about the ratings of all holding companies supervised by the Fed Board, as well as trends across firms of all sizes, the Fed said.