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The Federal Reserve is examining banks' exposure to commercial real estate, which amounts to over $5.7 trillion in the United States, with banks holding approximately 50% of this debt. Fed's Barr emphasizes the soundness and resilience of the overall banking system while addressing concerns about unrealized losses.
🚨JUST IN: FED IS LOOKING AT BANKS' EXPOSURE TO COMMERCIAL REAL ESTATE. There is +$5.7 trillion of commercial real estate in the United States. Banks hold approx. 50% of this debt. A bit concerning.
FED'S BARR HIGHLIGHTS THAT ADDRESSING BANKS' CONCERNS REGARDING OFFICE COMMERCIAL REAL ESTATE WILL REQUIRE TIME.
FED'S BARR EMPHASIZES THE SOUNDNESS AND RESILIENCE OF THE OVERALL BANKING SYSTEM, WHILE ALSO STATING THAT THE FEDERAL RESERVE IS EXAMINING BANKS' EXPOSURE TO COMMERCIAL REAL ESTATE AND THEIR LEVELS OF UNREALIZED LOSSES