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


First Glance 12L

Posted December 8, 2021

The 3Q21 issue of First Glance 12L notes improved hiring, but also intensifying concerns about labor availability, supply chains, and inflation. Meanwhile, District banks reported accelerating traditional loan growth, offset by declining Paycheck Protection Program (PPP) balances. PPP forgiveness also triggered earlier recognition of PPP fees, especially among community banks. All this and more are discussed in a new, re-designed report format.

First Glance 12L

Posted September 9, 2021

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

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.

View More Publications

Pacific Exchanges Podcast

Fintech & Racial Equity: Featuring Our Recent Collaboration on the Community Development Innovation Review

Posted October 14, 2021

Fintech and Racial Equity Community Development Innovation Review banner

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.

Visit the Pacific Exchanges Podcast

Follow Us

Facebook Twitter Visit us on LinkedIn Newsletter

Did You Know?

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

About Supervision + Credit

Asia Program

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

More about the Asia Program


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.

More about Fintech

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.

More About the Discount Window and Discount Rate

Upcoming Events

Upcoming Events

There are currently no upcoming events.

View Asia Program Events

View Fintech events

Follow Us

Facebook Twitter Visit us on LinkedIn