Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services
Banks at a Glance – Bank Profiles by State
The 4Q17 Banks at a Glance reports are now available, highlighting key indicators of economic and banking conditions within each of the nine states comprising the 12th Federal Reserve District.
This Asia Focus summarizes the small- and medium-sized enterprise (SME) credit gap in Asia and assesses ways certain emerging technologies and innovative business models—commonly known as “fintech”—can improve SME access to financial services in Asia and boost long-term economic growth in the process.
First Glance 12L
The 4Q17 issue of First Glance 12L notes that the Tax Cuts and Jobs Act of 2017 boosted optimism, but also prompted deferred tax asset write-downs and one-time bonuses at many banks. Although job and loan growth remained strong, increasingly tight labor and housing availability may constrain future growth.
Supervision in Brief
This issue of Supervision in Brief summarizes the latest economic and banking conditions within the 12th District. We note strong but moderating growth in jobs, housing prices, loans, and improvements in earnings. We also feature recent discussions in Community Banking Connections on CRE concentrations and risk management, and highlight commentary on bank efficiency efforts and their effects on long-term viability. Finally, we remind bankers about several Fed outreach activities, and recap the joint Federal Reserve-Conference of State Bank Supervisors Community Banking in the 21st Century research and policy conference.
This Asia Focus analyzes the development of local currency bond markets in Asia following the Asian financial crisis and the region’s efforts to reduce its reliance on foreign capital flows.
Domestic bond issuance in China declined in 2017. Growth in outstanding onshore bonds and trading volume also moderated. Notwithstanding the lackluster performance, the products offered by the Chinese bond market continued to grow in sophistication. The investor base has also become more diversified as overseas investors and non-bank domestic investors play a bigger role. These developments will likely contribute to the resilience of the bond market in the long run.