Notes from the Vault - Federal Reserve Bank of Atlanta - FRB Atlanta en-us Atlanta Fed Logo Banks' Accumulated Credit Losses in the First Quarter 8F49D63B-EA65-4036-A949-AEE1327AE1EC Fri, 29 May 2020 10:43:00 EST Large banks reported sharply higher allowances for credit losses in the first quarter of 2020. Notes from the Vault documents and provides some context for the increase. Research on Paying with Cash and Checks 7B246833-93EB-424D-9921-9981CFEC87D0 Thu, 19 Mar 2020 08:53:00 EST Who uses checks? Who uses cash? Notes from the Vault reports on survey findings investigating the resilience of paper payment instruments. Bank Compensation and Regulation 40F87F0C-D388-4AC9-BEF0-76B3C405284A Fri, 31 Jan 2020 10:51:00 EST Bank compensation practices are alleged to have contributed to the 2007 to 2009 financial crisis. Notes from the Vault reviews studies of bank compensation and postcrisis regulatory reforms. Financial System of the Future 3B58EBC9-8B1C-4CF2-A044-00BE904C9ABA Thu, 21 Nov 2019 10:00:00 EST Notes from the Vault reviews some of the papers and presentations from an Atlanta Fed research workshop about the effect of post-crisis developments in regulation and technology on the financial system. Procyclicality: CECL versus Incurred Loss Model DEA7BA11-C0F5-4F4A-8674-C7B9D675660E Thu, 31 Oct 2019 14:29:00 EST Critics contend that switching from the incurred loss model for loan losses to current expected credit loss will make lending more procyclical (magnifying the fluctuations in an economic cycle). Notes from the Vault critiques that argument. Trusted Third Parties E5C48306-0199-4CA6-9C48-F0AC8B7D646D Wed, 28 Aug 2019 13:53:00 EST The creation of bitcoin was motivated by a desire to avoid trusted third parties in financial transactions. Notes from the Vault discusses the role of trusted third parties in reducing theft. Mapping the Financial Frontier 643609AF-3B97-4469-B366-2E02B7A7F85D Mon, 24 Jun 2019 10:51:00 EST Notes from the Vault discusses the Atlanta Fed's Financial Markets Conference on Mapping the Financial Frontier: What Does the Next Decade Hold? Topics include data privacy, blockchain technology, and mortgage finance. Cashless Stores and Cash Users 5BE3DB3F-F676-4875-B7B1-484257409D9D Mon, 20 May 2019 10:49:00 EST With the emergence of cashless stores, how does this change affect consumers who lack credit or debit cards? Notes from the Vault characterizes consumers who pay cash for in-person purchases and those who do not have credit or debit cards. Fractional Reserve Cryptocurrency Banks 4865108D-9D1E-41A2-9C33-2D3C9DDECA4A Thu, 25 Apr 2019 10:31:00 EST Some observers argue that widespread acceptance of cryptocurrency would eliminate banks. Notes from the Vault discusses the potential for cryptocurrency banks along with some related issues. Carry Factors: Characteristics and Informational Content DC372748-F388-4C45-BAFD-D97F77771D33 Fri, 29 Mar 2019 16:08:00 EST Notes from the Vault discusses the informational content of carry factors for policy analysis. It highlights the predictive content of the bond and commodity carry, respectively, for recessions and inflation, and the commonality in the currency carry.