On April 30, the Federal Reserve Board released a Supervision and Regulation Report noting that banks’ “strong capital and liquidity positions” have aided in the Covid-19 pandemic recovery. The report observed that, during the Covid-19 pandemic, banks were able to raise supplementary capital, liquidity strengthened from an influx of deposits, and capital ratios at most firms remained above regulatory minimums at the end of the year. The report also highlighted that large firms showed operational resilience through the pandemic by “[d]igitization of banking activities allow[ing] firms to continue these operations in the remote work environment.”