
Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services
Publications
First Glance 12L
First Quarter 2023: Banks Faced a Challenging Funding Landscape
The 1Q23 issue of First Glance 12L notes that banks faced a challenging funding landscape during the quarter. Although still solidly profitable, the combination of rising short-term interest rates, competitive pricing pressures, and shifts in funding mix compressed banks’ margins. Meanwhile, job and housing markets improved slightly but commercial real estate markets remained under pressure.
First Glance 12L
Fourth Quarter 2022: Economic and Liquidity Pressures Intensified for Banks
The 4Q22 issue of First Glance 12L notes cooling job and real estate market conditions in the West. Among the District’s banks, funding costs increased notably as nonmaturity deposit runoff picked up, deposit competition intensified, and banks shifted to pricier funding sources.
First Glance 12L
Third Quarter 2022: Banks Continued to Navigate a Rising Interest Rate Environment
The 3Q22 issue of First Glance 12L notes cooling job and real estate market conditions in the District. Among the District’s banks, rising interest rates benefitted earnings, but weighed on bond portfolio values and influenced growth and funding trends.
Supervision in Brief
New Vice Chair Barr Talks Existing and Emerging Risks
This July, the Federal Reserve System welcomed its new Vice Chair for Supervision, Michael Barr. Since then, the Supervision + Credit (S+C) group at the SF Fed has worked diligently with our Board colleagues to inform his agenda and priorities, which he recently delivered at The Brookings Institution.
Supervision in Brief
Monitoring the Changing Landscape in an Ongoing Recovery
As we come out of more than two years of weathering the effects of the pandemic, Twelfth District banking and economic conditions continue to show signs of recovery. However, we are monitoring financial conditions as the economy normalizes while noting a changing interest rate environment and potential headwinds from geopolitical tensions and uncertainty around the ultimate impact of fading government stimulus.
Pacific Exchanges Podcast
Fintech & Racial Equity: Featuring Our Recent Collaboration on the Community Development Innovation Review

We’re excited to share a special episode in partnership with our colleagues in the San Francisco Fed’s Community Development group. Our teams recently collaborated on a special issue of the Community Development Innovation Review in partnership with the Aspen Institute’s Financial Security program, which examined the potential ways financial technology can promote racial equity in the financial system. Today’s episode features audio from the journal’s live launch event.