CHART 1: After Contracting in the First Half of 2022, Growth Resumed at a Lower Pace (Pg 8)

CHART 2: Labor Markets Remain Tight and the Number of Unemployed Persons Per Job Opening Is Near Historic Lows (Pg 9)

CHART 3: Both Headline and Core Consumer Price Index Peaked in Mid-2022 at Multi-Decade Highs and Remain Elevated (Pg 9)

CHART 4: The Federal Reserve Began Increasing the Federal Funds Rate in March 2022 and Hiked Rates at Each Subsequent Meeting (Pg 10)

CHART 5: The Actual Path of the Effective Federal Funds Rate in 2022 Exceeded Market Expectations (Pg 13)

CHART 6: Interest Rates Across the U.S. Treasury Curve Increased in 2022 (Pg 13)

CHART 7: The Spread Between Corporate Bond Yields and Benchmark Interest Rates Increased in 2022 (Pg 14)

CHART 8: Quarterly Net Income Remained High in First Quarter 2023 (Pg 18)

CHART 9: Full-Year Net Interest Margins Rebounded and Significantly Widened in 2022 (Pg 18)

CHART 10: Unrealized Losses Remained Elevated Through First Quarter 2023 (Pg 19)

CHART 11: Annual Change in Loan Balances Was Driven by C&I Loans (Pg 20)

CHART 12: Asset Quality Indicators Remain Favorable (Pg 21)

CHART 13: Net Farm Income Increased in 2022 as Higher Revenues More Than Offset Higher Expenses (Pg 25)

CHART 14: U.S. Drought Conditions Were Widespread in 2022, Nearing Conditions Recorded During the Historically Severe Drought of 2012 (Pg 25)

CHART 15: Land Value to Cash Rent Ratios Have Surpassed Their Prior Peaks (Pg 27)

CHART 16: Agricultural Loan Growth Rebounded in 2022 and Early 2023 (Pg 27)

CHART 17: Rents for Most Property Types Grew in 2022 (Pg 29)

CHART 18: Delinquency Rates Among CMBS Office Loans Are Trending Upward (Pg 31)

CHART 19: Several U.S. Markets With Substantial Available Space Have a High Share of Loans and Leases Maturing in the Next Few Years (Pg 32)

CHART 20: Real Income Declined in 2022 After Growing Strongly in 2020 and 2021 (Pg 34)

CHART 21: The Savings Rate Fell Close to Historical Lows in 2022 After Spiking During the Pandemic (Pg 35)

CHART 22: Credit Card Loans Led Loan Growth at Banks in 2022 (Pg 35)

CHART 23: Early-Stage Past-Due Rates Are Rising, Especially for Auto Loans (Pg 36)

CHART 24: Geopolitical Concerns Caused Oil Prices to Rise Sharply in the First Half of 2022 Before Falling in the Second Half Due to Recession Fears (Pg 38)

CHART 25: Despite Extreme Oil Price Volatility, Community Bank Past-Due Loans Have Remained Low and Stable in Energy-Concentrated States (Pg 39)

CHART 26: U.S. Home Price Growth Slowed in Mid-2022 and Trended Lower Through First Quarter 2023 (Pg 41)

CHART 27 Mortgage Origination Volumes Dropped Sharply in 2022 Following Elevated Levels the Prior Two Years (Pg 42)

CHART A: The Volume of Adjustable Rate Mortgages Declined in First Quarter 2023 as Mortgage Rates Eased (Pg 43)

CHART 28: Residential Mortgage Asset Quality Remained Favorable in 2023, but the Early-Stage Delinquency Rate Moved Slightly Higher Over the Previous Year (Pg 45)

CHART 29: Leveraged Loan Distress and Default Rates Rose in 2022 and Early 2023 but Remain Below the Levels Reached in Past Stress Periods (Pg 47)

CHART 30: Corporate Debt Relative to GDP and Corporate Profits Moderated in 2022 Relative to 2020 and 2021 Levels (Pg 47)

CHART 31: High-Yield Corporate Bond Issuance Fell to Decade Low, While Leveraged Loan and Investment-Grade Bond Issuance Moderated (Pg 48)

CHART 32: Leveraged Loan Borrowers Extended Maturities Into the Late 2020s, Reducing Near-Term Refinancing Risks (Pg 48)

CHART 33: Growth in Nonbank Financial Institution Lending Outpaced Other Major Loan Categories (Pg 51)

CHART 34: GSIBs Have the Highest Concentration of Loans to Nonbank Financial Institutions (Pg 51)

CHART 35: Business Applications Have Increased for Certain Service Industries Since 2021 (Pg 54)

CHART 36: Small Business Loans Have Declined in Recent Years, Returning to Pre-Pandemic Levels (Pg 55)

CHART 37: Community Bank Commercial and Industrial Loan Early-Stage Past-Due and Noncurrent Rates Are Lower Than Noncommunity Bank Rates (Pg 56)

CHART 38: Community Bank Liquid Assets Decreased (Pg 58)

CHART 39: Small Banks Relied Less on Uninsured Deposits to Fund Assets (Pg 59)

CHART 40: Community Banks Relied More on Brokered Deposits and FHLB Borrowings (Pg 60)

CHART 41: NIM Rose in 2022 for the First Time Since 2018 (Pg 63)

CHART 42: NIM Declined in First Quarter as the Average Cost of Funds Rose More Than the Average Yield on Earning Assets (Pg 63)

CHART 43: Bank Balance Sheet Compositions Began to Normalize in 2022 (Pg 64)

CHART 44: Ransomware Attacks Increased Significantly in Recent Years (Pg 69)

CHART 45: Estimated Damages From United States Severe Climate and Weather-Related Events in 2022 Were Among the Most Costly (Pg 74)