The chart below was compiled using the
FDIC Quarterly Profile and
Federal Reserve Charge-Off data. I adjusted bank assets by removing any category that wouldn't result in money going into the real economy. Adjustments included bank holdings of Treasury securities, reserves held at the Fed, trading assets, and loans to other banks.
The profile data for Q2 should be released within the next few days. That should be very interesting. At the moment, I'd say it looks like we may need some more blue for the latest recession bar.
Speaking of that,
Calculated Risk's instructions for adding recession bars to a chart were instrumental.
