“The Atlanta Fed’s 2009 Annual Report provides perspective on a challenging year in banking in the Southeast, as the industry sought stability and stronger risk management even as problems persisted. In addition to exploring the industry’s performance, the annual report examines the role and work of financial regulators, lessons learned, and supervisory changes undertaken by the Atlanta Fed and the broader Federal Reserve System. Across the region’s banking landscape, promising signs emerged late in the year. For example, some large banks began reporting fewer new problem loans. Nevertheless, rising failures, lower earnings, and ongoing deterioration of loan quality reflected fallout from the financial crisis, the recession, and an over reliance on real estate lending, the report notes.”
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