TITLE

Fed Official: CRE Woes Continue

PUB. DATE
December 2009
SOURCE
American Banker;12/1/2009, Vol. 174 Issue 214, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the U.S. Federal Reserve (Fed) has observed a continual decline in the credit performance of commercial real estate loans. Nine percent of commercial real estate loans held in U.S. bank portfolios were delinquent at the close of the second quarter of 2009. Comments are included from Jon Greenlee, associate director of banking and supervision at the Fed.
ACCESSION #
45617141

 

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