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$29 billion deposited to commercial banks in the last week (May 10th-17th). $1,006 billion in deposits has been pulled since the all time hit 4/13/22. Since the run picked up momentum 2/22/2023, $538 billion in deposits have been pulled.

Happy Friday Superstonk, resident Jellyfish back with you to review this weeks commercial bank deposit data (and how deposit outflows are being 'made up' with borrowing from sweetheart liquidity programs for the banks. I hope everyone enjoys the long weekend! Let's get to it! https://www.

FINRA Disciplinary Actions! Vanguard Marketing Corporation (a wholly-owned subsidiary of The Vanguard Group) overstated projected yield & projected annual income for nine money market funds on approximately 8.5 million VMC account statements

from at least October 2019 - June 2021. $800k fine/censure Source: https://www.finra.org/sites/default/files/fda_documents/2020068469601%20Vanguard%20Marketing%20Corporation%20CRD%207452%20AWC%20gg.pdf The personal performance section of the account statement incorrectly identified the deposit as an increase in market value instead of

NSCC, FIC-MBS, FIC-GOV, DTC Alert! OPEN for comment: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Clearing Agency Investment Policy. The Investment Policy itself is COMPLETELY [REDACTED].

How is one supposed to intelligently comment on REDACTED materials? Sources: NSCC: SR-NSCC-2023-005 FIC-MBS, FIC-GOV: SR-FICC-2023-006 DTC: SR-DTC-2023-005 [REDACTED]: Exhibit 5 Purpose: * The proposed rule change amends the Clearing Agency Investment Policy (“Investment Policy”, or “Policy”) of FICC and its affiliates, The Depository Trust Company (“DTC”) and National Securities Clearing

CFTC & OPEN comment Alert! Notice requesting Approval for Collection 3038-0117, Exemption from Derivatives Clearing Organization Registration.

IF collected, the information allows CFTC "to conduct its oversight of U.S. persons and the swaps that are cleared by U.S. persons through the exempt DCO." https://public-inspection.federalregister.gov/2023-11423.pdf Highlights: * The Commodity Futures Trading Commission (“CFTC” or “Commission”) is announcing an opportunity for

First Republic Bank acquirer JPMorgan Chase & Co. laid off about 1,000 former First Republic Bank employees today, weeks after its takeover of the failed lender.

sources: 1. https://sfstandard.com/business/first-republic-employees-laid-off-in-brief-scripted-phone-calls/ 2. https://www.marketwatch.com/story/jpmorgan-lays-off-about-1-000-former-first-republic-employees-c2afa328 3. https://www.wicz.com/story/48974110/jpmorgan-is-cutting-about-1000-first-republic-bank-employees 4. https://www.ft.com/content/935fa23a-c295-4ba0-abd5-63fcf9649609 https://sfstandard.com/business/first-republic-employees-laid-off-in-brief-scripted-phone-calls/ REMINDER: A

S&P Global Ratings: “We are entering an EBITDA recession”

This is why I hold DRS'd GameStop shares: American workers’ expectations for a comfortable retirement hit the lowest level in 11 years. 71% of nonretired adults are at least moderately worried about being able to fund their retirement.

This includes 42% who say they are very worried. https://news.gallup.com/file/poll/506336/230524Retirement.pdf Source: https://news.gallup.com/poll/506330/americans-outlook-retirement-worsened.aspx Nonretired Americans’ expectations for a comfortable retirement are the most pessimistic they have been since 2012, falling 10 percentage points since 2021, including