Federal Reserve Board, Washington, D.C.ISSN 1936-2854 (Print)ISSN 2767-3898 (Online) Spatially Mapping Banks’ Commercial & Industrial LoanExposures: Including an Application to Climate-Related Risks Benjamin N. Dennis, Gurubala Kotta, Caroline Conley Norris 2025-006 Please cite this paper as:Dennis, Benjamin N., Gurubala Kotta, and Caroline Conley Norris (2025). “Spatially Map-ping Banks’ Commercial & Industrial Loan Exposures: Including an Application to Climate-Related Risks,” Finance and Economics Discussion Series 2025-006. Washington: Board ofGovernors of the Federal Reserve System, https://doi.org/10.17016/FEDS.2025.006. NOTE: Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminarymaterials circulated to stimulate discussion and critical comment.The analysis and conclusions set forthare those of the authors and do not indicate concurrence by other members of the research staff or theBoard of Governors. References in publications to the Finance and Economics Discussion Series (other thanacknowledgement) should be cleared with the author(s) to protect the tentative character of these papers.