V O L . X X X N O. V I I
A P R I L 1 , 2 0 2 4 16
B A N K I N G / F I N A N C E / I N S U R A N C E F O C U S
concern for U.S. banks amid expected
difficulties in refinancing certain office
properties underwritten when interest
rates were much lower, particularly in
larger central business districts.
"is will ultimately increase
[commercial real estate] credit costs
for the banking industry," Fitch said.
Because banks with less than $100
billion in assets have higher com-
mercial real estate concentrations
than their larger peers, losses in the
category could result in the failure of
a moderate number of smaller banks,
Fitch warned in its report.
»
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LG20240401
I haven't quite
figured out whether
we're through the
storm or in the eye
of the storm.
— Andrew Silsby
Kennebec Savings Bank
S O U R C E : Board of Governors of the Federal Reserve System
FEDERAL FUNDS TARGET RANGE — UPPER LIMIT, PERCENT, MONTHLY, NOT SEASONALLY ADJUSTED
6%
5%
4%
3%
2%
1%
0%
Jan 2021 May 2022 Sep 2022 Jan 2023 May 2023 Sep 2023 Jan 2024
