BAS Presentations - March 2023

assets including securities that grew 22 percent to $6.2 trillion andmortgage-backed securities that were up 17 percent to $3.6 trillion. Banks may have invested in longer-term assets to improve NIMs.

Longer-term assets, those with maturities greater than three years, increased to 39 percent of assets compared with 36 percent pre-pandemic (Chart 12). Eighty-seven percent of banks increased their holdings of assets with greater than five-year maturities. Community banks also increased their holdings of assets withmaturities over three years, which reached 52 percent of total assets at year end 2021.

Chart 11

21