  Consider the normalized adjacency matrices of random $d$-regular graphs on
$N$ vertices with fixed degree $d\geq3$. We prove that, with probability
$1-N^{-1+{\varepsilon}}$ for any ${\varepsilon} >0$, the following two
properties hold as $N \to \infty$ provided that $d\geq3$: (i) The eigenvalues
are close to the classical eigenvalue locations given by the Kesten-McKay
distribution. In particular, the extremal eigenvalues are concentrated with
polynomial error bound in $N$, i.e. $\lambda_2, |\lambda_N|\leq 2+N^{-c}$. (ii)
All eigenvectors of random $d$-regular graphs are completely delocalized.
