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  "documentTitle": "First Republic Bank | Results Presentation Deck | 50 slides",
  "authorId": "first-republic-bank",
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  "presentationDate": "2023-01-01 00:00:00",
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  "notes": "The chart highlights the extreme slope of the current rate hike cycle compared to previous cycles.",
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      "kind": "callout",
      "text": "Since First Republic’s founding, the Fed has raised rates by 75 basis points five times; four of those were in 2022.",
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      "text": "Comparison of Fed rate hike cycles by number of quarters and basis points",
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      "text": "(1) As of the most recent increase in the Fed Funds Rate in December 2022.",
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      "text": "The Fed has taken unprecedented action, increasing its target rate by 425 bps in 9 months",
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      "text": "An Unprecedented Environment",
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      "evidence": "Comparing current rate hike cycle against historical cycles",
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      "evidence": "The deck highlights the impact of interest rate changes on the bank's performance",
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