Dismal's Smacks

🌙 ☀️

Sign in Subscribe

📈 Macroeconomics

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)

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

Inflation Alert! Governor Lisa Cook: "there is evidence that the path back to our low and stable inflation goal could be long and is likely to be uneven and bumpy."

"All of these measures have come off their peaks but remain elevated, suggesting that inflation has become broad based in the economy." Source: https://www.federalreserve.gov/newsevents/speech/cook20230421a.htm Highlights: * "there is evidence that the path back to our low and stable inflation goal could

-$71.8996 billion withdrawn from commercial banks in the last week (April 5th-April 12th). Since 2/22/2023, $511.37 billion in deposits have been pulled. $978.7387 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

The Fed receives cash and provides collateral: As of 4/19, $2,666,343 million in Reverse Repurchase agreements

3/15/2023: $2,423,126 million Source: https://fred.stlouisfed.org/series/WLRRAL Zooming in, since 3/15/2023, Reverse Repurchase Agreements +$243,217 million. * Reverse repurchase agreements are transactions in which securities are sold to a set of counterparties under an agreement to buy them back from the

$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 Term Funding Program (BTFP), “Other credit extensions”, & "Foreign Official" Good afternoon Superstonk, resident jellyfish back with you for another week's review of the Fed's tools. Let's Hit it! This week's Fed balance

Fed's Chris Waller on advantage of Tokenization: "Atomic settlement is useful because it can mitigate settlement and counterparty credit risks: it ensures that the buyer will not pay if the seller does not deliver"

Fed's Chris Waller on advantage of Tokenization: "Atomic settlement is useful because it can mitigate settlement and counterparty credit risks: it ensures that the buyer will not pay if the seller does not deliver; and conversely, that the seller will not deliver if the buyer does not