Southwest Economy
Eleventh District community banks outperform peers despite weaker credit quality
Eleventh District community banks will likely continue to outperform their nationwide peers in terms of profitability, given their larger share of noninterest-bearing deposits.
December 27, 2024
Working Paper
Gender Gaps in the Federal Reserve System
To better understand the stalled progress of women in economics, this paper constructs new data on women’s representation and research output in one of the largest policy institutions—the Federal Reserve System.
December 05, 2024
Audit Partners and Loan Loss Provisioning: Evidence from U.S. Bank Holding Companies
Using confidential data on audit partner names from 2006 to 2019 for bank holding companies (BHCs), this paper examines partners' impact on loan loss provisioning.
November 20, 2024
Economic Surveys
Banking Conditions Survey
Loan volume and loan price declines continued in November, as did credit tightening, with the pace of change similar to six weeks ago.
November 18, 2024
Working Paper
The Macroeconomics of Labor, Credit and Financial Market Imperfections
An increasing share of corporate loans, a critical source of firm credit, are sold off banks’ balance sheets and actively traded in a secondary over-the-counter market. This paper develops a microfounded equilibrium search-theoretic model with labor, credit and financial markets to explore how this secondary loan market affects the real economy.
October 22, 2024
Speeches and essays
Normalizing the FOMC’s monetary policy tools
President Lorie K. Logan describes policy considerations for normalizing the Fed’s assets and liabilities.
October 21, 2024
Economic Surveys
Banking Conditions Survey
Loan volume declined in October despite the drop in loan prices, according to banking executives responding to the Banking Conditions Survey.
October 07, 2024
Working Paper
The Contribution of Foreign Holdings of U.S. Treasury Securities to the U.S. Long-Term Interest Rate: An Empirical Investigation of the Impact of the Zero Lower Bound
This paper finds empirical evidence of a possible structural break in the relationship between the foreign holdings of U.S. Treasury securities and the U.S. long-term interest rate occurring at the time when U.S. monetary policy became constrained at the zero-lower bound (ZLB).
September 25, 2024
Speeches and essays
Opening remarks for the Eleventh District Banking Conference
Dallas Fed President Lorie K. Logan delivered these remarks via prerecorded video at the Eleventh District Banking Conference on Sept. 16, 2024.
September 17, 2024
Dallas Fed Economics
Anticipatory discount window stigma
Observers often assert that stigma—a perception that depositors, investors or others will penalize an institution for borrowing from the discount window—keeps banks from borrowing when they should, making the facilities less effective. Dallas Fed Senior Vice President Sam Schulhofer-Wohl argues that some harms of discount window stigma can be mitigated regardless of whether stigma itself persists.
September 06, 2024