This monitor has been discontinued
This Financial System Vulnerabilities Monitor has replaced the Financial Stability Monitor. The OFR will not update the data provided here.
This monitor displays a snapshot of weaknesses in the financial system based on five functional areas of risk: macroeconomic, market, credit, funding and liquidity, and contagion. The monitor is not designed to predict the timing or severity of a financial crisis but to identify underlying vulnerabilities that may predispose the system to a crisis.
The monitor is organized as a heat map. The closer an indicator is to the red end of the spectrum, the more elevated the risks relative to the range of that series. The closer an indicator is to the green end of the spectrum, the less elevated the measured risks. A set of about 60 risk indicators underlie the five major risk categories and subcategories. To drill down further in each subcategory, click on the plus sign.
See latest note on the monitor and the OFR's assessment of risks.
Less Risk | More Risk |
Interpreting the Monitor
The Financial Stability Monitor is just one tool policymakers can use to monitor the health of the financial system. It should be accompanied by rigorous and robust quantitative assessments, such as stress tests and macroprudential surveillance. The monitor will continue to evolve as the OFR tests its performance and evaluates new indicators, data, and statistical tools. The OFR will release updates of the monitor every six months to illustrate the changes in risks and vulnerabilities of the financial system.
Composition of the Monitor
The composition of the Financial Stability Monitor cuts across different geographies, sectors, and measurement methods.
Data Source for all charts: OFR analysis.
Composition of the Monitor
Region | Percentage |
---|---|
U.S. | 59.6 |
Advanced | 19 |
Global | 19 |
Emerging | 2.4 |
Sector | Percentage |
---|---|
Banks | 52.9 |
Government | 17.6 |
Nonbank Financials | 8.8 |
Households | 11.8 |
Corporations | 8.8 |
Method | Percentage |
---|---|
Direct Observation | 88.1 |
Model Based | 11.9 |
Indicator | Percentage |
---|---|
Quantity | 48.8 |
Price | 41.5 |
Survey | 9.8 |