The latest semiannual Supervision and Regulation Report from the Federal Reserve has insight into how CRE lending credit performance “remains an area of concern,” particularly office. Delinquency rates topped 10% in the second quarter, significantly more than any other type, and 11% at large banks.

But there was more to say about financial institutions with $100 billion or more in assets. They had “more than the required regulatory capital levels, with “generally … sound” asset quality.

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