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NSCC Alert! Reminder, changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge take effect TODAY.

Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/24/a9264.pdf Subject: Implementation Date of Changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge On the morning of the effective date, the ECP charge will be calculated using the proposed changes,

SEC Alert! Statement by SEC Chair Gary Gensler on Current Market Events: 'Without speaking to any individual entity or person, we will investigate and bring enforcement actions if we find violations of the federal securities laws.'

FDIC Establishes Signature Bridge Bank, N.A., as Successor to Signature Bank, New York, NY. Banking activities will resume Monday, March 13, 2023, including on-line banking.

Source: https://www.fdic.gov/news/press-releases/2023/pr23018.html Signature Bank, New York, NY, was closed today by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC transferred all the deposits and substantially all of

Joint Statement by Treasury, Federal Reserve, and FDIC: Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.

Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg: Today we are taking decisive actions to protect the U.S. economy by strengthening public

Federal Reserve Alert! Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors

Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will

FDIC Alert! FDIC Chairman Martin Gruenberg begins finger pointing at the Fed in speech 3/6/23: 'unrealized losses weaken a bank’s future ability to meet unexpected liquidity needs' 'especially when interest rates change to the extent they have'

Source: https://www.fdic.gov/news/speeches/2023/spmar0623.html 'Juicy' sections of his speech: Full speech: Introduction Good morning. I very much appreciate the invitation to speak to you today. I am especially glad to be here in person. Looking back to pre-pandemic days, there may have