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Fed currently supporting US banks to the tune of ~$110bn, following failure of 3 medium-sized banks: SVB, Silvergate, Signature. Many/most US banks are technica
by mikhailfranco 3y ago
Fed currently supporting US banks to the tune of ~$110bn, following failure of 3 medium-sized banks: SVB, Silvergate, Signature. Many/most US banks are technically bankrupt at MTM asset prices, because of losses on bonds, as the fed raises interest rates (ZIRP was not forever?). Some claim they will Hold To Maturity (HTM), others are grabbing Fed money with both hands to cover MTM losses:
https://fred.stlouisfed.org/series/H41RESPPALDKNWW https://fred.stlouisfed.org/series/H41RESPPALDKNWW