The Federal Reserve Board has published the first of several staff manuals used to supervise the largest and most complex banks, aiming to increase public transparency about how these firms are supervised. The initial publication, the LISCC Program Operating Manual, has been modified to redact confidential supervisory information. It has not yet been updated to reflect the program’s name change from LISCC to GSIB or to incorporate the Board’s statement of supervisory operating principles released in November; an updated version will be issued once those amendments are made. The Board expects to release additional large-bank supervision manuals in early 2026, covering the large bank operating committee, capital and liquidity planning, recovery and resolution planning, the large bank rating program, enforcement actions, and the large bank risk identification system.

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