Dismal's Smacks

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📈 Macroeconomics

Federal Reserve Report Alert! Settlement fails in corporate securities increased sharply in 2022, reaching levels not seen since the 2007-09 financial crisis.

As a fraction of trading volume, fails that involve primary dealers reached an all-time high in the week of March 23, 2022. The 2022 Spike in Corporate Security Settlement Fails Michael J. Fleming, Or Shachar, and Peter Van Tassel Source: https://libertystreeteconomics.newyorkfed.org/2023/04/the-2022-spike-in-corporate-security-settlement-fails/ Settlement fails in

Commodity Futures Trading Commission Alert! CFTC Orders Goldman Sachs to Pay $15,000,000 for Violations of Swap Business Conduct Standards.

Goldman opportunistically solicited or agreed to enter into same-day swaps only on days & at times that were financially advantageous to Goldman & not clients. Source: https://www.cftc.gov/media/8376/enfgoldmanorder041023/download (Requests that you download the PDF, relevant sections added below). Background: The order finds that in

Federal Reserve Alert! Today, a CLOSED meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures as it was determined that the public interest did not require opening the meeting.

https://www.federalreserve.gov/aboutthefed/boardmeetings/20230410closed.htm Discount Window/Primary Credit: https://fred.stlouisfed.org/series/WLCFLPCL Tool3/153/223/294/5Discount Window/Primary Credit$152.85 billion$110.248 billion$88.157 billion$69.705 billion Primary Credit allows banks to borrow against collateral at the current federal

$110.992 billion withdrawn from commercial banks in the last week (Mar 22-29th). Since 2/22/2023, $500.1433 billion in deposits have been pulled. $967.516 billion in deposits has been pulled in the last year. The bank run keeps running!

https://fred.stlouisfed.org/series/DPSACBW027SBOG A little less than a year ago, the high was hit 4/13/2022 at $18,158.3536 billion Folks have pulled $967.516 billion in deposits since 4/13/2022 Folks have pulled $500.1433 billion in deposits since 2/22/2023 Folks

Fed Alert! $363.82 billion as of 4/5 ($1,464 billion so far...): An update on the tools the Fed is using to give banks liquidity while 'we' get Inflation & Rate Hikes.

Good afternoon Superstonk, resident jellyfish back with you for another week's Fed review. Let's get to it! This week's Fed balance Sheet: https://www.federalreserve.gov/releases/h41/20230406/ What we are monitoring: * Discount Window/Primary Credit * Central Bank Liquidity Swaps * Bank Term Funding

Federal Reserve Alert! Sunshine Meeting Notice for a CLOSED meeting under Expedited Procedures of the Board of Governors of the Federal Reserve System at 11:30 a.m. on April 10, 2023.

https://www.federalreserve.gov/aboutthefed/boardmeetings/20230410closed.htm Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230410closed.htm Summary: A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on April 10, 2023. Matter(s) considered: Review

Federal Reserve Alert! James Bullard: "Financial stress can be harrowing, but also tends to reduce the level of interest rates"

“Continued appropriate macroprudential policy can contain financial stress, while appropriate monetary policy can continue to put downward pressure on inflation” St. Louis Federal Reserve President James Bullard Presentation: "Financial Stress and the Economy," Arkansas Bankers Association’s 133rd Annual Convention, Day with the Commissioner, Little Rock, Ark. Source: