Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services

Publications

First Glance 12L

Posted June 4, 2021

The 1Q21 issue of First Glance 12L notes that waning virus activity and new fiscal stimulus helped boost confidence and reduce unemployment. A brighter economic outlook reduced bank provision expenses, while renewed Paycheck Protection Program activity drove bank loan growth. In the “Spotlight” section this quarter: residential real estate conditions.

First Glance 12L

Posted March 10, 2021

The 4Q20 issue of First Glance 12L notes that Paycheck Protection Program loan forgiveness boosted quarterly bank profits but eroded loan growth. Surging winter virus activity hurt employment, but by early 2021, easing case counts, vaccine rollout, and new federal stimulus brightened the outlook. In the “Spotlight” feature this quarter: municipal government fiscal challenges.

First Glance 12L

Posted December 11, 2020

The 3Q20 issue of First Glance 12L notes that federal stimulus, low interest rates, and loan modifications continued to blunt the effects of COVID-19 on the economy and banks. However, resurging virus transmission has left the recovery vulnerable. The report highlights banking risks on our radar and recaps selected pandemic impacts.

First Glance 12L

Posted September 3, 2020

The 2Q20 issue of First Glance 12L notes that Paycheck Protection Program activity swelled bank balance sheets, distorting several financial metrics. Growth and borrower accommodations held delinquency ratios at bay; however, performance will likely deteriorate once stimulus and forbearance efforts fade. In addition to various hot topics, the report spotlights disparities in household financial stress.

Supervision in Brief

Posted July 10, 2020

We are ready to restart examination activity and have issued interagency guidance for safety and soundness (SR 20-15). This guidance recognizes that external events such as COVID-19 can have an adverse impact on a financial institution’s condition that may not be reflective of management’s efforts to mitigate these risks. The interagency guidance instructs examiners to consider the unique, evolving, and potential long-term nature of the issues confronting institutions.

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Pacific Exchanges Podcast

Live Virtual Event: Creating an “On-Ramp” For Financial Inclusion

Posted July 15, 2021

Financial Inclusion and Beyond Live Event panelists

Our Pacific Exchanges team recently hosted a special Financial Inclusion and Beyond live virtual event moderated by Sean Creehan, the team’s lead for financial health and inclusion, that explored lessons from around the world in the use of technology and public policy to build more inclusive financial systems and drive financial health. Regular listeners of the podcast will recognize these voices from their episodes throughout the season; the live virtual event allowed them to discuss how they were managing the challenges to inclusion posed by the COVID pandemic.

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Did You Know?

The Federal Reserve supervises state member banks, as well as the companies that own banks or savings institutions.

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Asia Program

Home of the Pacific Exchange blog, Asia Program focuses on issues important to banking in Asia and the Pacific Rim.

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Fintech

Our analysts study the impact of financial technology on banking from a supervision perspective. Schedule a consultation for help navigating the regulatory and supervisory system in support of your business model or fintech partnerships.

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Discount Window

Our primary credit lending program extends credit to depository institutions, helping to alleviate temporary liquidity strains. To borrow, an institution must have on file the necessary authorizing resolutions and adequate pre-approved eligible collateral.

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