Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services
Supervision in Brief
This issue of Supervision in Brief provides details on the San Francisco Fed’s presidential search process, summarizes key aspects of the recent financial regulatory reform law, highlights the Fed’s new vice chairman for supervision and his thinking on important monetary policy topics, and notes the latest economic conditions in the 12th District.
First Glance 12L
The 1Q18 issue of First Glance 12L notes that wider net interest margins and lower taxes boosted bank earnings year-over-year amid slower loan growth. Job gains remained strong in most states, but housing demand continued to outstrip supply, lifting home prices, crimping affordability, and prompting outmigration in some markets.
Real Estate Lending Risks Monitor
This issue of the Real Estate Lending Risks Monitor explores capital flows into the office, retail, and industrial sectors. It also looks at the performance of the apartment fundamentals in various markets in the 12th District.
The virtual currency Bitcoin has received considerable attention in the past few years and more recently due to its price surge and subsequent volatility. At the end of 2017–in only a year’s time–the price of a Bitcoin increased about twentyfold to almost $20K. The sudden and unsteady changes in Bitcoin’s price beg the question–how do we consider its price levels? Given that an argument can be made that Bitcoin is a currency, a security, and a commodity, different economic theories might explain the evolution of its price.
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.
A decade removed from the global financial crisis, the world’s most systemically important banks are preparing to meet new rules on total loss-absorbing capital (TLAC) by 2019. New TLAC-eligible debt securities, popularly known as “bail-in” bonds, have emerged post-2008 as part of efforts to minimize the need for taxpayer bailouts in future crises. In Asia, banks in Japan and China will face tailored versions of these requirements based on the unique features of each country’s banking system. Below, we examine the state of TLAC in Asia.