by laflammaster H.8 – Weekly bank statements on assets and liabilities provided every Wednesday by the Fed. 722 high risk, 31 with ultra high risk of collapsing. Massive asset duration mismatch combined with today’s high interest rates have turned banks …
via fortune: Silicon Valley Bank (SVB) failed because it invested too much in long-term bonds that lost value when interest rates went up. That’s what our accounting rules encourage banks to do. As a consequence, U.S. banks, including some of America’s …
by: Arsenio Toledo (Natural News) Banks in the United States are sitting on a time bomb of unrealized losses totaling around $1.7 trillion. This is according to a study released on March 13 by the New York University Stern School of Business (NYU Stern) that …
by Michael If our banking system can’t find a way to turn things around, our entire economy will soon be in a world of hurt. When banks get into trouble, they start getting really tight with their money. That means …
Why do banks invest in MBS? Itamar Drechsler, Alexi Savov, and Philipp Schnabl* March 13, 202 New York University Stern School of Business U.S. banks had unrealized losses of $1.7 trillion at the end of 2022. The losses were nearly …
Bank of America has $113 Billion of unrealized losses on its balance sheet This represents >60% of tangible book value pic.twitter.com/rt6NgV4bBL — Jack Farley (@JackFarley96) March 15, 2023 Just like SVB, these “assets” aren’t Marked to Market. If they ever …
That’s all fine until there’s a bank run. Then they might need to reclassify them as AFS and sell at a loss to meet the withdrawals, which was supposedly likely to happen at SVB before FDIC took over. They already …
by confoundedinterest17 Yikes! One of the unmentioned costs of Fed monetary tightening is the one to US taxpayers. Fed carrying $330B in unrealized losses on its assets according to Q1 financial statement. Which US tax payers are on the hook. Adjusting for …
by laflammaster Caption: The Fed will stop posting unrealized gains from banks within a month. https://www.federalreserve.gov/releases/h8/current/default.htm
by laflammaster MBS and Treasury securities dropped a whopping $19.5B to end up in -$29.5B position. Big banks’ unrealized gains on Treasury and MBS dropped by $17B to -$23.4B.
by laflammaster https://www.federalreserve.gov/releases/h8/current/default.htm Looks like they are trying to approach the market like the apes. Trying to form diamond hands out of shit in their hands. Problem: Those securities were pumped by the Fed.
by laflammaster Big banks accounting ~$7.5B of this on all securities. Big banks MBS & Treasury drop of $4.8B – meaning $2.7B was on other securities (including equities).
by laflammaster Data Sauce: https://www.federalreserve.gov/releases/H8/current/
Janet Yellin is the Cabal’s henchman. She will continue to make those who work and produce in the US miserable to allow trillions in political Paybacks h/t ScreenExtensions
U.S. Treasury Secretary Yellen proposes a tax on unrealized capital gains to finance Biden’s “Build Back Better” plans https://twitter.com/disclosetv/status/1452422986015944711 An “unrealized gain” is when something you own gains value, but you don’t sell it, like your house or your retirement …
via mises: The timing of Jerome Powell’s appearance on “60 Minutes,” along with Janet Yellen and Ben Bernanke, is curious. Scott Pelley asked no penetrating questions, so nothing was learned. Fed Chairs aren’t known to hit the interview circuit. Bernanke appeared …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And other juicy banking nuggets. Net income in Q4 2018 among all 5,406 FDIC-insured banks and thrifts more than doubled year-over-year to $59 billion, due to “higher net operating revenue” and “lower income tax expenses”; and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The price of rising interest rates. The FDIC just released the aggregated third-quarter performance metrics of the 5,477 banks and thrifts it insures. The amount of their combined assets ticked up to $17.7 trillion. These assets – mostly …
