This detailed disclosure provides the public with a wealth of information on how these institutions would perform under severe stress. And this transparency both enhances public confidence and holds banking regulators accountable for their judgments. At the Federal Reserve we use a variety of additional means to enhance public understanding of our supervisory and financial stability efforts and judgments.
The Board’s Vice Chairman for Supervision testifies before the Congress twice a year. The Board staff’s assessment of financial stability is discussed four times a year at Federal Open Market Committee meetings, and these discussions are summarized in the meeting’s published minutes. And, since 2013, the semiannual Monetary Policy Report to the Congress has contained a review of financial stability conditions.