COVID-19 Impact on the Banking Industry: Conditions at the End of 2020 [March 17, 2021] [open pdf - 762KB]
From the Document: "Although bank regulation is designed to allow banks to withstand some amount of unexpected losses, the economic ramifications of the Coronavirus Disease 2019 (COVID-19) pandemic could result in enough borrowers missing loan payments to cause distress for banks [hyperlink]. The Federal Deposit Insurance Corporation (FDIC) releases comprehensive data on bank condition and income quarterly, and it recently released the 'Quarterly Banking Profile: Fourth Quarter 2020' [hyperlink], which reports aggregate data from all 5,001 FDIC-insured institutions as of December 31, 2020. This Insight presents certain bank industry statistics as of the end of 2020 and examines how the pandemic might be affecting the industry."
CRS Insight, IN11636
Congressional Research Service: https://crsreports.congress.gov/