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SEMIANNUAL RISK PERSPECTIVE

SEMIANNUAL RISKPERSPECTIVEFROM THE NATIONAL RISK COMMITTEEFALL RISK PERSPECTIVEFALL 2021iCONTENTSABOUT THIS REPORT iiEXECUTIVE SUMMARY 1 OCC Climate Risk Initiatives 2 PART I: OPERATING ENVIRONMENT 5 Economic Growth Expected to Moderate in 2022 5 PART II: BANK PERFORMANCE 12 Banks Recent Stabilization Is Likely to Continue, Although Outlook Is for Low Interest Rates to Persist While Loan Demand Remains Uncertain 12 PART III: SPECIAL TOPICS 16 OCC Community Banks 16 PART IV: TRENDS IN KEY risks 18 A.

This fall 2021 report presents data in five main areas: the operating environment, bank performance, special topics in emerging risks, trends in key risks, and supervisory actions. The report reflects data as of June 30, 2021, unless ... consider risk management process to deal with these and other, longer-term physical risk implications.

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