All the banking data can be found at the FDIC website, here. People can look at the current status of every bank in the US that is covered by FDIC. It’s a real gold mine of data for the nerdier types.
Banks are not failing and there is no looming solvency crisis, and regulators don’t apply bandages or give banks temporary fixes, and definitely don’t help them hide their weaknesses. Regulators will demand adherence to standards and step in to take over banks when they fail.
The financial industry - banks and insurance companies - is facing a real challenge right now because they tied up too much of their assets in low yielding long term treasuries and now they’re stuck for the next decade. The Fed is well aware of this, as the Fed is keeping money market rates at their current level through its reverse repo facility. If the Fed wants all that money in money market accounts to return to the banks all it needs to do is lower the rate it pays in the RRF.
This is a decade long challenge for the banks.
Banks are not failing and there is no looming solvency crisis, and regulators don’t apply bandages or give banks temporary fixes, and definitely don’t help them hide their weaknesses. Regulators will demand adherence to standards and step in to take over banks when they fail.
The financial industry - banks and insurance companies - is facing a real challenge right now because they tied up too much of their assets in low yielding long term treasuries and now they’re stuck for the next decade. The Fed is well aware of this, as the Fed is keeping money market rates at their current level through its reverse repo facility. If the Fed wants all that money in money market accounts to return to the banks all it needs to do is lower the rate it pays in the RRF.
This is a decade long challenge for the banks.
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