๐Ÿ“ˆ Macroeconomics

Fed supervisors summarize assessments of large financial institutions using LFI rating system--in 2023, only 1/3 of large financial institutions had satisfactory ratings.

Fed supervisors summarize assessments of large financial institutions using LFI rating system--in 2023, only 1/3 of large financial institutions had satisfactory ratings.

The Federal Reserve Board publishes its semiannual Supervision and Regulation Report to inform the public of current banking conditions as well as provide transparency about its supervisory and regulatory policies and actions. This report focuses on developments in three areas: 1. Banking System Conditions provides an overview of the financial
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Financial Stability Report: Leverage at hedge funds reached its highest level since data became available.

Financial Stability Report: Leverage at hedge funds reached its highest level since data became available.

The Financial Stability Report summarizes the Federal Reserve Board's framework for assessing the resilience of the U.S. financial system and presenting the Board's current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserveโ€™s views on this
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Bank Term Funding Program (BTFP) aka the liquidity fairy usage continues to explode--usage up 9.7% in a week

Bank Term Funding Program (BTFP) aka the liquidity fairy usage continues to explode--usage up 9.7% in a week and 30.5% since 12/13/23. The program is confirmed to expire 3/11/24 but usage continues to rapidly pick up speed!

I have posted multiple times about BTFP but from December to January, its usage has EXPLODED. These numbers are reported to the public via two ways: Reports to Congress and weekly via the Fed's balance sheet at a 'Wednesday level'. Reports to Congress: Date Amount outstanding Pledged collateral Interest paid
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Reserve Banks increased the deferred asset by $133.0 billion so far...

Odds & Ends: Fed's 2023 expenses exceeded estimated earnings by $114.3 billion, Waller on inflation, Bowman & industry question Basel reform--South Korea strengthens it, Beige book calls out cooling labor market, CFTC meeting & rules

I hope everyone is enjoying a great week! I find it hard to believe January is already more than half over but here we are. Items covered in this post: 1. Federal Reserve Board announces preliminary financial information for the Federal Reserve Banksโ€™ income and expenses in 2023 2. Fed
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
BIM AFOLAMI SURROUNDED BY VARIOUS HEADLINES ABOUT LOBBYING AND ONGOING INVESTIGATIONS.

โš ๏ธ โ—๏ธ UK Economic Secretary Bim Afolami's RRG & Pension Insurance Corp. are teaming up to petition for "significant power" over independent UK regulators - looks like they want control over the financial markets.

It looks like the UK Government and the Pensions could be in trouble, and the Economic Secretary to the UK Treasury: Bim Afolami is at risk of using his position as Economic Secretary to get more momentum behind the proposals as being put forward by a Regulatory Reform Group (that
kibblepigeon ๐Ÿ“ˆ Macroeconomics
HEADER - THE GOVERNMENT SHOULD INVOLVE STAKEHOLDERS IN DISCUSSIONS IN WHICH AFFECT THEM

UK's pursuit of market control intensifies & ๐ŸšจUK Economic Secretary Bim Afolami (currently under investigation over payments for chairing a pressure group that lobbied UK PM Rishi Sunak) responds to our letter.

And here we go, ready to deep dive into Part 2. Big shout out to u/Nisja who reached out to their MP to source this response - you're a legend ๐Ÿ™ Heroic investors across the UK have been reaching out to their local representatives to ask how shareholders can get
kibblepigeon ๐Ÿ’ก Education
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Britain is bankrupt, MPs aren't keeping pace with advocacy efforts and we're still battling for shareholder rights! Check out what's got the UK's knickers in a financial twist ๐Ÿ‡ฌ๐Ÿ‡ง

Howdy all, and so begins the new year! Let's recap with where we left off in 2023 as we look ahead to 2024 together - ever in the quiet confidence that MOASS will one day be tomorrow. UK shareholders ๐Ÿ‡ฌ๐Ÿ‡ง ๐Ÿฆ have been reaching out to both the HM Treasury and their
kibblepigeon ๐Ÿ’ก Education