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dismal-jellyfish

The FDIC admits to being asleep at the wheel regulating Signature Bank! How many more banks should the FDIC escalated supervisory actions sooner on? At what point should supervisory action be escalated for First Republic?

Source: https://www.fdic.gov/news/press-releases/2023/pr23033a.pdf Reddit post with discussion: https://www.reddit.com/r/Superstonk/comments/1322q1f/fdic_releases_report_detailing_supervision_of_the/ The Fed admits it is asleep at the wheel as well: Reddit Post

FDIC Releases Report Detailing Supervision of the Former Signature Bank, New York, New York

FDIC Releases Report Detailing Supervision of the Former Signature Bank, New York, New York

https://www.fdic.gov/news/press-releases/2023/pr23033a.pdf Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of Signature Bank, an internal review evaluating the agency’s supervision of Signature Bank, New York, New York, from 2017 until its failure in March 2023. The

So the Fed is asleep at the wheel? How many more firms has the Fed not appreciated the seriousness of critical deficiencies in a firm’s governance, liquidity, and interest rate risk management? Don't they stress test for this stuff?!?

Source: Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr Federal Reserve Alert! Vice Chair for Supervision Michael S. Barr in speech 12/1/2022: "We are currently evaluating whether the supervisory stress

Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr

Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr

https://www.federalreserve.gov/publications/files/svb-review-20230428.pdf Source:https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230428a.htm The Federal Reserve Board on Friday announced the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S. Barr. The review finds

Inflation Alert! Bureau Economic Analysis (BED) data shows Consumers & Governments Embark on Epic Spending Binge!

The PCE price index (the Fed's barometer for inflation and insists is going back to 2%) increased 4.9% in the first quarter of 2023, compared to +4.4% in the 4th quarter of 2022. Source: https://www.bea.gov/sites/default/files/2023-04/gdp1q23_adv.pdf Highlights:

$325.962 billion as of 4/26 ($2,469 billion so far...): An update on the tools the Fed is using to give banks liquidity while 'we' get Inflation & Rate Hikes

$325.962 billion as of 4/26 ($2,469 billion so far...): An update on the tools the Fed is using to give banks liquidity while 'we' get Inflation & Rate Hikes

Good afternoon Superstonk, HAPPY almost Friday! Resident jellyfish back with you for another week's review of the Fed's tools. Let's Hit it! This week's Fed balance Sheet: https://www.federalreserve.gov/releases/h41/20230427/ What we are monitoring: * Discount Window/Primary Credit

SEC Alert! Special filing with Federal Register: SEC submits notice for the 19th CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, May 4, 2023.

https://public-inspection.federalregister.gov/2023-09266.pdf CLOSED door meetings 2023: Meeting NumberDate195/4184/27174/20164/13154/6143/30133/23123/16113/9103/292/2382/1672/962/251/2641/1931/1221/911/5 Seems to be a weekly occurrence every week since the year began. What has them so occupied? The Federal