4 ms·
Going by stock market losses, some of these charts, and Twitter sentiment, looks like SBNY, WAL, and FRC are next on the chopping block for bank runs.
by ummonk 4y ago
Going by stock market losses, some of these charts, and Twitter sentiment, looks like SBNY, WAL, and FRC are next on the chopping block for bank runs.
- jeffbee 4y agoI don't see the same red flags in FRB's filings that were present in SVB's filings. SVB had almost half their assets in held-to-maturity securities. FRB has 12%. SVB had triple the short-term credit from FHLBs compared to FRB.
- ummonk 4y agoIt doesn't have the HTM red flags around unrealized gains but it has similar red flags about a panic-prone undiversified and uninsured depositor base. Solvency is irrelevant when depositors panic and start a run on the bank anyway.
- jeffbee 4y agoI was not able to find any filings indicating what fraction of FRB's depositors and deposits are or are not insured. Do you happen to know where to find those?