Acknowledgments
We thank William F. Bassett and Francisco B. Covas of Monetary Affairs at the Federal Reserve Board for providing the SLOOS micro data, Stephen Jenkins at the Federal Reserve Bank of Cleveland for providing the research author with confidential supervisory data and Jose Fillat from the Federal Reserve Bank of Boston for his valuable insights. We thank Caitlin Treanor and Bill Bednar for their research assistance. All errors and omissions are our.
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The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank of Cleveland or those of the Board of Governors of the Federal Reserve System.