Bank Directors Seminar, Coeur d'Alene, ID, September 15-17, 2019

Depth of U.S. Recessions

1 1948-49 1953-54 1957-58 1960-61 1969-70 1973-75 1980 1981-82 1990-91 2001 2008-09

0

-1

-2

-3

Percent, Peak to Trough

-4

-5

9

Depth of U.S. Recessions

5 1929-33 1937-38 1945 1948-49 1953-54 1957-58 1960-61 1969-70 1973-75 1980 1981-82 1990-91 2001 2008-09

0

-5

-10

-15

-20

Percent, Peak to Trough

-25

-30

10