Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services
First Glance 12L
The 2Q19 issue of First Glance 12L notes improved District job growth and first half bank profits. Bank capital ratios also strengthened from mid-2018 levels, but were constrained by parent company share buybacks, the topic of our “Spotlight” feature. Slowing global growth, trade tensions, and yield curve shifts pose headwinds.
Supervision in Brief
While banking conditions remain very positive overall, our conversations at a recent roundtable revealed that banking and financial services still face a number of challenging and complex policy issues. These include CECL adoption, Community Reinvestment Act reform, and the California Consumer Privacy Act of 2018.
First Glance 12L
The 1Q19 issue of First Glance 12L notes decelerating growth in District jobs, home prices, and lending. Quarterly bank profits came under pressure in part because of seasonal effects on asset yields and shifts to costlier funding sources. This quarter’s Spotlight feature discusses the District’s potential economic exposure to rising tariffs.
Banks at a Glance – Bank Profiles by State
Economic conditions across the SF Fed’s nine-state region remained favorable in the second half of 2018, although job and home-price growth cooled in most states. Average bank profitability increased in regional states, while loan growth was mostly stable or declining. See Banks at a Glance for more information.
This publication highlights some of the questions and implications that have arisen from the passage of California’s Consumer Privacy Act of 2018.
Across the world, women face a variety of hurdles to reaching their full economic potential. Challenges associated with educational and financial access, structural economic factors, and culture can all pose impediments to women’s economic participation. This blog reviews women’s access to the financial services as well as the decision-making that enable them to prosper in economic terms.