Dallas Fed Banking
Rig count no longer a reliable bellwether for risk in oil and gas services lending
For decades, commercial lenders relied on a simple rule when evaluating credit risk in oil and gas support services: follow the U.S. rig count. But a portfolio classification of oil and gas support services now encompasses businesses with radically different risk profiles.
July 16, 2026
Dallas Fed Economics
Tokenized deposits use blockchain structure in traditional banking framework
Commercial banks have begun exploring adoption of tokenized deposits, traditional deposits that rely on blockchain technology and allow payments to settle almost instantaneously.
July 14, 2026
Speeches and essays
Discussion of 'An Efficient Liquidity Savings Mechanism' by Darrell Duffie, Srisht Fateh Singh and Chaojun Wang
Remarks delivered by Sam Schulhofer-Wohl at The Future of Market Liquidity and Functioning Workshop.
July 09, 2026
Economic Surveys
Banking Conditions Survey
Loan volume and demand grew notably in June. Volume rose across all loan types except for consumer loan volume which was stable.
June 29, 2026
Dallas Fed Economics
Term funding premium: Time is money even absent interest rate risk
Term premium, a central concept in analysis of interest rates and monetary policy, is generally viewed largely as compensation for bearing interest-rate risk. However, Treasury asset swap spreads strongly indicate the existence of a distinct premium—a term funding premium—associated with merely providing term financing. This funding premium shows promise as a real-time indicator of Treasury market stress.
June 25, 2026
Eleventh District Banking Trends
Eleventh District Banking Trends
This quarterly report tracks the financial performance of Eleventh District banks in comparison with national averages, looking at profitability, loans, deposits and other key metrics.
June 09, 2026
Dallas Fed Banking
Understanding discount window usage: Key drivers and early warning signals
In this study we take a closer look at discount window usage since the Fed began releasing public data with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010.
June 05, 2026
Dallas Fed Economics
Rising hedge fund leverage affects monetary policy implementation
The structure of the Treasury and repurchase agreement (repo) markets has changed over the past decade in ways that alter how administered rates pass through to market rates.
May 28, 2026
Dallas Fed Economics
U.S. housing: Unaffordable to buy, but wealth-building to own
A home is not only a place to live. It is a long-lived asset whose value reflects the housing service it provides over time and the return buyers require, given interest rates and risk. The ongoing combination of high house price-to-rent ratios and strained affordability suggests housing remains a macroeconomic vulnerability, though financial conditions appear more resilient than before the housing bust and subsequent Global Financial Crisis of 2008.
May 19, 2026
Economic Surveys
Banking Conditions Survey
Loan volume and demand growth continued to accelerate in May. Volume rose across loan types.
May 18, 2026