Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services
Publications
First Glance 12L
Second Quarter 2021: Recent Virus Transmission May Weigh on the Recovery
The 2Q21 issue of First Glance 12L notes that economic activity picked up during the quarter, but subsequent virus transmission may weigh on the recovery. District bank earnings were stable despite net interest margin pressures, partly because better-than-expected asset quality constrained provision expenses. The “Spotlight” feature explores fraud trends.
First Glance 12L
First Quarter 2021: Waning Case Counts and Fiscal Stimulus Fueled Growth
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
Fourth Quarter 2020: On the Eve of Additional Stimulus
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
Third Quarter 2020: Not Yet Out of the Woods
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
Second Quarter 2020: In the Eye of the Storm
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.
Pacific Exchanges Podcast
Financial Inclusion & Beyond Series Wrap-up
In the final episode of Financial Inclusion & Beyond, your series hosts take a look back at key themes and takeaways from our conversations.
