2023 Risk Review

Risk Review

The 2023 Risk Review provides a comprehensive summary of key developments and risks in the U.S. banking system, as in prior reports, and includes a new section focused on crypto-asset risk. This year's report incorporates data for 2022 through first quarter 2023, with insights related to the stress to the banking sector that emerged in March 2023.

Section 1 is an executive summary. Section 2 is an overview of economic, financial market, and banking industry conditions. Sections 3 through 7 include analysis of the key credit, market, operational, crypto-asset, and climate-related financial risks facing banks.

All items are PDF files. See PDF Help for assistance.

Full Report

Table of Contents

• Introduction
• Section 1: Executive Summary
  • Key Risks to Banks
• Section 2: Overview of the Economy, Financial Markets, and Banking Industry
  • Economy
  • Financial Markets
  • Banking Industry
• Section 3: Credit Risks
  • Agriculture
  • Commercial Real Estate
  • Consumer Lending
  • Energy
  • Housing
  • Leveraged Lending and Corporate Debt
  • Nonbank Financial Institution Lending
  • Small Business Lending
• Section 4: Market Risks
  • Liquidity and Deposits
  • Net Interest Margins and Interest Rate Risk
• Section 5: Operational Risk
• Section 6: Crypto-Asset Risk
• Section 7: Climate-Related Financial Risk
• Acronyms and Abbreviations
• Glossary of Terms