Dismal's Smacks

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dismal-jellyfish

Federal Deposit Insurance Corporation (FDIC) Alert! Financial Institutions are Required to Meet Contractual Obligations with Bridge Banks.

All contracts entered into with banks before they failed, and their counterparties were transferred into the bridge bank by the FDIC as receiver. Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23010.html Summary: In recent days, the FDIC has established two bridge banks, Silicon Valley Bridge Bank, N.A.

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in February on a seasonally adjusted basis, after increasing 0.5 percent in January, the U.S.BLS reported today.

Source: https://www.bls.gov/news.release/cpi.nr0.htm Reddit Post

How did we get here? Reviewing the Fed's guidance and actions taken since SVB failed.

Good evening, resident jellyfish here! I have been seeing a few threads from folks trying to wrap their head around on how all of this has transpired with the banks over the past day or so: https://www.reddit.com/r/Superstonk/comments/11qrv9h/plz_elia_where_this_money_is_

NSCC Alert! Order Approving Proposed Rule Change to Adopt Intraday Volatility Charge and Eliminate Intraday Backtesting Charge.

See NSCC add an intraday volatility charge to its margin requirement and amend its margin requirements that relied on assumptions undercounting potential deficiencies. Source: https://www.sec.gov/rules/sro/nscc/2023/34-97129.pdf (Release No. 34-97129; File No. SR-NSCC-2022-009) March 13, 2023 Self-Regulatory Organizations; National Securities Clearing Corporation; Order

DTC Alert! Suspension of DTC Services - Silicon Valley Bank (SVB). In connection with the events surrounding Silicon Valley Bank (SVB), the below CUSIPs have been Globally Locked.

Commodity Futures Trading Commission (CFTC) Alert! Special filing with Federal Register: CFTC submits notice for CLOSED door meeting via the Sunshine Act for 1:00 p.m. EDT, Tuesday, March 21, 2023 to consider examinations and enforcement matters.

Federal Deposit Insurance Corporation (FDIC) Alert! Special filing with Federal Register: FDIC submits notice for CLOSED DOOR meeting that already occurred as the public interest did not require consideration of the matters in a meeting open to public