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dismal-jellyfish

$86 billion deposited to commercial banks in the last week (May 17th-24th). $920 billion in deposits has been pulled since the all time hit 4/13/22. Since the run picked up momentum 2/22/2023, $452 billion in deposits have been pulled.

Happy Friday Superstonk, I hope everyone had a great week! Resident Jellyfish back again to review this weeks commercial bank deposit data (and how deposit outflows are still being 'made up' with borrowing from sweetheart liquidity programs for the banks. https://www.federalreserve.gov/releases/h8/20230602/ https:

Let's paint a picture worth a 1000 comments! CFTC seeks public comment on the Risk Management Program Requirements for Swap Dealers.

A chance to say Swap Dealer’s Risk Management Program must explicitly be required written policies & procedures that ACTUALLY safeguard counterparty collateral. Reddit Post

SEC Alert! Statement Second Commission Statement Relating to Certain Administrative Adjudications.

An update on how certain databases were not configured to restrict access by staff from our Division of Enforcement to memoranda drafted by staff from the Adjudication Group. Source: https://www.sec.gov/news/statement/second-commission-statement-relating-certain-administrative-adjudications * Exhibit 1 – Case-Specific Memoranda Accessed by Enforcement Staff Relating to C… * Exhibit 2 – Case-Specific

Corporate Media: Apple’s Revenue Could Get a Big Boost From AR/VR. One analyst concluded AR/VR could become the next major computing platform for Apple, with revenue topping $20 billion a year by 2030 and perhaps reaching as high as $70 billion. I wonder

Source: https://www.marketwatch.com/articles/apple-vr-ar-headset-wwdc-revenue-boost-fdf1a6e0 Apple’s Worldwide Developers Conference kicks off Monday, and expectations are high that the focus of the company’s keynote will be a widely anticipated and speculated about AR/VR headset. Near-term sales expectations for the device—which Apple (ticker: AAPL) has said

Reverse Repo Update! Reverse Repo counterparties list updated: Goldman Sachs Investor Money Market Fund, JNL Government Money Market Fund and JNL/WMC Government Money Market Fund have been added to the list of reverse repo counterparties, effective June 2

Source: https://www.newyorkfed.org/markets/rrp_counterparties#additions-and-removals Reddit Post

Commodity Futures Trading Commission (CFTC) seeks public comment on the Risk Management Program Requirements for Swap Dealers and Futures Commission Merchants.

Regulation 23.600 does not explicitly require an SD’s RMP to include written policies and procedures to safeguard counterparty collateral. https://www.cftc.gov/media/8671/federalregister06012023/download From a Press Release: The Commodity Futures Trading Commission today published an advanced notice of proposed rulemaking (ANPRM) seeking public comment

Do you have concerns about how Mortgage Originators and Secondary Market Issuers determine a mortgage's collateral value?

How they can use automated valuation models (AVMs) to manipulate & overestimate property value, rife with conflict of interest opportunities creating securitization risk? COMMENT Six federal regulatory agencies request PUBLIC COMMENT on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In