Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services
Publications
First Glance 12L
Third Quarter 2021: Job and Non-PPP Loan Growth Accelerated, but Downside Risks Persist
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
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.
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.
