Preface
The Federal Reserve Board publishes its semiannual Supervision and Regulation Report to inform the public and provide transparency about its supervisory and regulatory policies and actions, as well as current banking conditions. The report is typically released in conjunction with Congressional testimony by the Vice Chair for Supervision.
This report focuses on the Federal Reserve's regulatory and supervisory response to the "COVID event"—the economic and financial stresses resulting from the containment measures adopted in response to public health concerns.