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📈 Macroeconomics

Not a 'bailout'! $388.2475 billion in liquidity: A review of the tools the Fed is leveraging to provide banks liquidity while we get rate hikes.

Good afternoon Superstonk, resident jellyfish back with you for another review. Let's get to it! This week's Fed balance Sheet: https://www.federalreserve.gov/releases/h41/20230330/ What we are monitoring: * Discount Window/Primary Credit * Central Bank Liquidity Swaps * Bank Term Funding Program (BTFP) * “Other credit

Federal Reserve Alert! Senior Credit Officer Opinion Survey March 2023. Dealers were asked about the current net positioning of their clients with respect to Interest Rate volatility

For hedge funds, 1/4 of respondents , on net, indicated either that most clients are net short. Source: https://www.federalreserve.gov/data/scoos/scoos-202303.htm Summary: The March 2023 Senior Credit Officer Opinion Survey on Dealer Financing Terms collected qualitative information on changes in credit terms and conditions in

Commodity Futures Trading Commission (CFTC) Alert! CFTC Staff Issues No-Action Letter Regarding the Migration of Credit Default Swaps from ICE Clear Europe Ltd. Solutions

“require a temporary exemption from the trade execution requirement and required methods of execution.” Press Release: https://www.cftc.gov/PressRoom/PressReleases/8683-23 The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today published a no-action letter regarding the requirements in section 2(h)(8) of the Commodity

FDIC sends supplemental materials to Consolidated Reports of Condition & Income for 1st Quarter 2023 for Held-to-Maturity Assets (banks hold -$620 billion Unrealized losses as of 4th quarter).

"Amending to retroactively report a debt security in another category without evidence is inappropriate" Unrealized losses on available–for–sale and held-to-maturity securities totaled $620 billion in the fourth quarter Remarks by Chairman Martin J. Gruenberg before the Committee on Banking, Housing, and Urban Affairs * Unrealized losses on

Federal Reserve Alert! Testimony by Vice Chair for Supervision Michael S. Barr on bank oversight before the U.S. Senate Committee on Banking, Housing, and Urban Affairs: "Our banking system is sound and resilient, with strong capital and liquidity."

Source: https://www.federalreserve.gov/newsevents/testimony/barr20230328a.htm Our banking system is sound and resilient, with strong capital and liquidity. The Federal Reserve, working with the Treasury Department and the Federal Deposit Insurance Corporation (FDIC), took decisive actions to protect the U.S. economy and to strengthen public confidence

Inflation Alert! 'certain mutual funds hold large amounts of relatively illiquid corporate bonds but provide investors the option to redeem shares on a daily basis. This liquidity mismatch makes these funds more vulnerable to runs'

'certain mutual funds hold large amounts of relatively illiquid corporate bonds but provide investors the option to redeem shares on a daily basis. This liquidity mismatch makes these funds more vulnerable to runs which could force rapid liquidation of bonds at firesale prices' Good morning Superstonk, I hope

This is not a 'bailout'! $344.307 Billion (up +$36.244 Billion or +11.77% in a week): A review of the tools the Fed is leveraging to provide banks liquidity while we get rate hikes

Good afternoon Superstonk! Happy just about Friday to everyone! What a week so far, right?!!?!? This is a continuation and update of the review started for last week's balance sheet. Let's hit it! This week's Fed balance Sheet: https://www.federalreserve.gov/releases/h41/