AMERICAN BANKER: Fed's Williams says commercial real estate a 'real issue' for banks

Federal Reserve Bank of New York President John Williams said the health of the office sector is a "real issue" for banks but not an immediate threat to financial stability.

Speaking at an event hosted by the Economic Club of New York on Tuesday afternoon, Williams said he and other bank supervisors are keenly focused on what falling commercial real estate values might mean for banks and their loan books.

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