US banks’ risk-free exposures keep falling

Assets with 0% risk-weighting lowest proportionally since Q1 2020, replaced by riskier exposures

The proportion of US banks’ exposures deemed safe enough to acquire a 0% risk-weighting has fallen yet again in the fourth quarter of 2022, reaching lows not seen since the early days of the Covid-19 pandemic, while 100% risk-weighted exposures have climbed.

Riskless exposures dropped to 32.6%, a fall of 0.3 percentage points on the previous quarter and 2.5 points compared with Q4 2021. This reflects an absolute drop of 0.8% over the quarter and 10% over the year, to $4 trillion.


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