Board of Governors of the Federal Reserve System

Central bank or institution Washington, D.C. Founded 1914 www.federalreserve.gov

The Board of Governors sets US monetary policy alongside the FOMC and supervises the largest banks. Its twice-yearly Financial Stability Report is the clearest statement of how the central bank itself sizes up leverage, valuations and funding risk across the US financial system.

What they publish

Federal Reserve Financial Stability Report

The Fed Board's twice-yearly assessment of US financial system vulnerabilities across asset valuations, household and business borrowing, financial-sector leverage and funding risk, with a survey of the risks market contacts worry about most.

Research Intermediate Twice a year (spring and fall) since November 2018