On December 3, 2018, the National Risk Committee (“NRC”) of the Office of the Comptroller of the Currency (“OCC”) released its Semiannual Risk Perspective for Fall 2018. The report analyzes the condition of the federal banking system using data reported by national banks and federal savings associations as of June 30, 2018. The analysis covers five main areas: banks’ operating environment, bank performance, emerging risks, trends related to key risks, and supervisory actions. In addition to these usual areas, the Fall 2018 report included a special supplement discussing risks related to the easing of credit underwriting standards. A brief summary of each of these areas follows.

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