Dismal's Smacks

🌙 ☀️

Sign in Subscribe

Latest

Federal Reserve Alert! Today, a CLOSED meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures as it was determined that the public interest did not require opening the meeting.

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230424closed.htm $336.9408 billion as of 4/19 ($2,144 billion so far...): An update on the tools the Fed is using to give banks liquidity while 'we' get Inflation & Rate Hikes: Discount Window, Central Bank Liquidity Swaps, Bank

Federal Reserve and GameStop bottom line Alert! The Federal Reserve Payments Study 2022 Triennial Initial Data Release: "With 157.0 billion payments in 2021, card payments accounted for approximately 77 percent of noncash payments by number."

Source: https://www.federalreserve.gov/paymentsystems/fr-payments-study.htm The Federal Reserve Payments Study: 2022 Triennial Initial Data Release * The 2022 Federal Reserve Payments Study (FRPS) collected data for the 2021 calendar year. This initial release includes top-line figures for the core noncash payment methods used in the United States by

Federal Reserve Alert! Regulatory Reform communications with the public categories: Systemic Designations, Enhanced Prudential Standards, and Banking Supervision and Regulation, Derivatives Markets and Products, Interchange Fees, Payments, Settlement..

Federal Reserve Alert! Regulatory Reform communications with the public categories: Systemic Designations, Enhanced Prudential Standards, and Banking Supervision and Regulation, Derivatives Markets and Products, Interchange Fees, Payments, Settlement and Clearing Activities and Utilities, and more. Source: https://www.federalreserve.gov/regreform/communications-with-public.htm Communications With The Public * The Federal Reserve

Quarterly Trends for Consolidated U.S. Banking Organizations 4th quarter 2022: Held-to-Maturity assets ~10% of assets. Remember, unrealized losses on available–for–sale and held-to-maturity securities totaled $620 billion in the 4th quarter.

Recipe for systemic stress for the broader banking system? Source: https://www.reddit.com/r/Superstonk/comments/12xf7he/quarterly_trends_for_consolidated_us_banking/ https://www.reddit.com/r/Superstonk/comments/125skvn/fdic_sends_supplemental_materials_to_consolidated/ Why are Held-to-Maturity assets interesting? Remember: * Unrealized losses on available–for–sale

Quarterly Trends for Consolidated U.S. Banking Organizations Fourth Quarter 2022. Asset growth turned negative, dropping from 1.28% in 2022:Q3 to -0.25% in 2022:Q4

Quarterly Trends for Consolidated U.S. Banking Organizations Fourth Quarter 2022 Federal Reserve Bank of New York Research and Statistics Group Source: https://www.newyorkfed.org/medialibrary/media/research/banking_research/QuarterlyTrends2022Q4.pdf Highlights: * Consolidated financial statistics for the U.S. commercial banking industry, including both bank holding companies (BHCs)

In February, year-over-year changes in home prices gained less than 5% for the first time since May 2020. Median existing-home price for all housing types in February was $363,000, a 0.2% drop from February 2022.

Ending a 131 consecutive months streak of year-over-year increases (longest on record.) Source: https://www.newyorkfed.org/research/home-price-index What did the housing data say in February? From the National Association of Realtors: * The median existing-home sales price decreased 0.2% from the previous year to $363,000. * Existing-home sales

SVB CEO Greg Becker, CFO Daniel Beck resign. SVB hired Alvarez & Marsal (A&M) as a restructuring advisor. The restructuring committee appointed Nicholas Grossi of A&M as the company's interim chief financial officer on April 20.

Source: https://www.sec.gov/ix?doc=/Archives/edgar/data/719739/000119312523110576/d377955d8k.htm Highlights: * SVB Financial Group's CEO and chief financial officer resigned while the failed bank's restructuring committee appointed a turnaround expert as interim CFO, according to a regulatory filing on today. * CEO Gregory