The staff also incorporated a number of conservative assumptions about the balance sheet changes that we saw at the end of the first quarter. 2/4  BIS central bankers' speeches  This analysis found that the banking system would experience substantial losses under those highly adverse conditions but remain well capitalized in the aggregate. However, individual bank outcomes across the three scenarios varied significantly.
24 Similarly, Washington State registered apprenticeship programs contributed to substantial long-term increases in employment rates and hourly wages. 25 My fifth and final observation is that promoting entrepreneurship could play a greater role in workforce development.