Dismal's Smacks

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+$60.6769 billion deposited in commercial banks in the last week (Mar 29th-April 4th). Since 2/22/2023, $439.48 billion in deposits have been pulled. $906.85 billion in deposits has been pulled in the last year.

https://fred.stlouisfed.org/series/DPSACBW027SBOG Domestically chartered commercial banks divested $87 billion in assets to nonbank institutions in the week ending March 29, 2023. The major asset item affected was the following: securities, $87 billion. Domestically chartered commercial banks divested $87 billion in assets to nonbank institutions in the

Federal Reserve Alert! Federal Reserve Board announces its approval for UBS Group AG to acquire the U.S. subsidiaries of Credit Suisse Group AG

Federal Reserve Board announces its approval for UBS Group AG to acquire the U.S. subsidiaries of Credit Suisse Group AG Press Release: The Federal Reserve Board on Friday announced its approval for UBS Group AG, of Zürich, Switzerland, to acquire the U.S. subsidiaries of Credit Suisse Group AG,

SEC Chair Gary Gensler: "Yet these platforms are acting as if they have a choice to comply with our laws. They don’t." "Investors in the crypto markets must receive the same time-tested protections that the securities laws provide in all other markets."

Statement on Alternative Trading Systems and the Definition of an Exchange Chair Gary Gensler: Today, the Commission is considering whether to issue a supplemental release to our January 2022 proposal requiring significant trading platforms—including in the Treasury markets—to come under important rules for the markets. I believe this

Error 403: Forbidden. Commissioner Hester M. Peirce's response to the SEC reopening Rule 3b-16 (Alternative Trading Systems and the Definition of an Exchange) produces an Error 403: Forbidden on the SEC's page.

EDIT: The speech is now available. Error 403: Forbidden. Commissioner Hester M. Peirce's response to the SEC reopening Rule 3b-16 (Alternative Trading Systems and the Definition of an Exchange) produces an Error 403: Forbidden on the SEC's page. Rendering Innovation Kaput: Statement on Amending the Definition

SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information.

"The reopening release reiterated the applicability of existing rules to platforms that trade crypto asset securities, including so-called “DeFi” systems" Source: https://www.sec.gov/rules/proposed/2023/34-97309.pdf Exchange Activity Involving Crypto Asset Securities and DLT under the Proposed Rules Crypto Asset Securities * Crypto assets generally

NSCC, FICC, DTC Alert! Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework added to the Federal Register and OPEN for comment. The Entire Exhibit is [REDACTED]

Federal Register Sources: Fixed Income Clearing Corp. National Securities Clearing Corp.The Depository Trust Co.Source filings: SR-NSCC-2023-003 34-97280 Apr. 11, 2023 Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework Comments due: 21 days after publication in the Federal

Fed's Waller: "Since Dec. 2021, core inflation has basically moved sideways with no apparent downward movement."

"Financial conditions haven't significantly tightened, the labor market continues to be strong & quite tight, & inflation is far above target, so monetary policy needs tightened further" Source: https://www.federalreserve.gov/newsevents/speech/waller20230414a.htm Highlights: "The BTFP and discount window appear to have