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Agencies update guidance on liquidity risks and contingency planning. "The updated guidance encourages depository institutions to incorporate the discount window as part of their contingency funding plans." The liquidity fairy is now ENCOURAGED?

https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230728a1.pdf * The Fed * Federal Deposit Insurance Corporation * National Credit Union Administration * Office of the Comptroller of the Currency Wut mean?: Given the unpredictable financial events in the first half of 2023, it's emphasized that depository institutions should have robust contingency
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
In June, folks earned a bit more in, spent more, causing PCE, excluding food and energy (the Fed's barometer for if inflation is still growing) to jump up .2% for the month and 4.1% year-over-year. Still more than DOUBLE the Fed's target of 2%!

In June, folks earned a bit more in, spent more, causing PCE, excluding food and energy (the Fed's barometer for if inflation is still growing) to jump up .2% for the month and 4.1% year-over-year. Still more than DOUBLE the Fed's target of 2%!

https://www.bea.gov/news/2023/personal-income-and-outlays-june-2023 Wut mean?: * In June, people earned $69.5 billion more, which is a 0.3% monthly rise--more money earned more money to spend, adding to inflation... * Prices of things people bought (PCE price index) went up slightly by 0.2%. Even if we
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
The Fed announces the individual capital requirements for all large banks, effective on October 1. The minimum capital requirement is 4.5 percent; The stress capital buffer requirement is at least 2.5 percent. Buckle up!

The Fed announces the individual capital requirements for all large banks, effective on October 1. The minimum capital requirement is 4.5 percent; The stress capital buffer requirement is at least 2.5 percent. Buckle up!

Source: https://www.federalreserve.gov/publications/files/large-bank-capital-requirements-20230727.pdf Wut mean?: * Following its stress test earlier this year, the Federal Reserve Board today announced the individual capital requirements for all large banks, effective on October 1. Large bank capital requirements are in part determined by the Board's stress
dismal-jellyfish ๐Ÿ“ฐ News
Sunshine meeting notice for meting that the public interest did not require consideration & already occurred today at 11:16a.m., considered RESOLUTION activities. Bank fail?

Sunshine meeting notice for meting that the public interest did not require consideration & already occurred today at 11:16a.m., considered RESOLUTION activities. Bank fail?

https://public-inspection.federalregister.gov/2023-16306.pdf A bank resolution occurs when authorities determine that a failing bank cannot go through normal insolvency proceedings without harming public interest Resolution is a way to manage the failure of a bank, building society, or central counterparty. TLDRS: * Sunshine meeting notice for meting that
dismal-jellyfish ๐Ÿ“ฐ News
Proposal OPEN for comment that would make certain adjustments to the calculation of the capital surcharge for the largest and most complex banks, measuring a bank's systemic importance averaged over the entire year, instead of only at the year-end.

Proposal OPEN for comment that would make certain adjustments to the calculation of the capital surcharge for the largest and most complex banks, measuring a bank's systemic importance averaged over the entire year, instead of only at the year-end.

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/frn-gsib-20230727.pdf How to comment: * Submit comments by November 30, 2023. * Include: Docket No. (Still waiting for this) and RIN (still waiting for this) in your submissions. Methods: * Website: Go to http://www.federalreserve.gov and follow instructions at http://www.federalreserve.gov/
dismal-jellyfish ๐Ÿงฑ Market Reform