
Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services
Publications
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.
First Glance 12L
First Quarter 2020: COVID-19: From Headwind to Hurricane
The 1Q20 issue of First Glance 12L charts the sudden and dramatic toll of the COVID-19 pandemic. Federal stimulus and borrower relief blunted some of the economic and banking damage, but the path of the recovery remains uncertain. The report highlights various hot topics, including the small business credit landscape.
Fintech Edge
The Role of Individuals in the Data Ecosystem: Current debates and considerations for individual data protection and data rights in the U.S.
We are living in a time of immense technological change, driven in part by our ability to capture data, convert it into new information, and use that information to inform decision-making, automate activities, and develop new products and services. Unfortunately, information can also be used to manipulate actions, discriminate on improper grounds, and open once intimate spaces up to unforeseen dissection and analysis. A growing range of stakeholders and policymakers are acknowledging the need to more proactively balance the benefits and risks of this data explosion, and there are robust conversations occurring across the country around the potential for improving and expanding U.S. data governance regimes.
Supervision in Brief
Plans and actions to mitigate the effects of the coronavirus (COVID-19)
As we address the unique and challenging circumstances of the coronavirus (COVID-19), the Federal Reserve Bank of San Francisco is focused on carrying out our important responsibilities through continuity of operations, while being mindful of the safety and well-being of everyone affected. Our top priority is the health and well-being of our employees, communities, and constituents.
First Glance 12L
Fourth Quarter 2019: COVID-19 Fears Could Amplify Bank Earnings Pressures
The 4Q19 issue of First Glance 12L notes that job and housing markets remained strong, but bank loan growth and earnings slipped. COVID-19 will pose additional headwinds to growth and bank net interest margins in 2020. The report discusses various hot topics, including the forthcoming community bank leverage ratio.
Pacific Exchange Blog
Will Internet-Only Banks Be A Game Changer for Taiwan?

Taiwan’s Financial Supervisory Commission recently approved three licenses for internet-only banks, the first time new banking licenses have been issued since the 1990s. This blog explores potential ramifications associated with the decision. Internet-only banks are well positioned to bring two important potential benefits: expanded access to credit and banking sector innovation. Nonetheless, their entrance will likely bring even more competition in Taiwan’s already saturated banking market.