A first wave of acute financial stress has begun to ebb. The storm, however, is not over. Banking organizations must continue to work constructively with borrowers, offering them the flexibility to weather a hardship they could not expect and did not create. Banks must still manage the challenges of operating during a public health emergency.
And ultimately, banking organizations can only be as robust as the economies  8 See, e.g., Board of Governors of the Federal Reserve System, “Assets and Liabilities of Commercial Banks in the United StatesH.8,” updated May 1, 2020, https://www.federalreserve.gov/releases/h8/current/default.htm. 9 Id. -6-  they serve.