>>17779821 pb
SAM298 C-32A (kneepads) on the ground at Bangkok, Suvarnabhumi Airport and landed about 25m ago-arrived at Elmendorf as AF2 and then departed for Yokota AB as SAM298-no AF2 call for Int'l trips even though it left from JBA that way-SAM391 C-32A the escort is still at Yokota AB, Japan-Macron arrived yesterday >>17781220 pb
Xi Jinping, Kamala Harris and other Asia-Pacific leaders convene
https://www.cnbc.com/2022/11/17/apec-summit-2022.html
Mortgage Market Upheaval Sparks $17 Billion in Paper Losses for US Banks
Higher interest rates helped Wells Fargo & Co. land more than $3 billion in profit in the third quarter. From a capital perspective, they also wiped out nearly three-quarters of that.
While rising rates buoy revenue for the country’s largest banks, in the short term they also force them to write down the value of assets they hold on their balance sheet, exacerbating a capital squeeze that’s prompted most of them to halt buybacks. At Wells Fargo, it was an additional $2.4 billion in unrealized losses on mortgage-backed securities (MBS) and other bonds that weighed on shareholder equity in the third quarter. Wells Fargo’s three biggest rivals took a similar hit. On mortgage-backed securities alone, the four banks’ unrealized losses have climbed to $17 billion, based on company filings. “When it comes to managing capital, we should be extremely conscious of what the risks are that are around us,” Wells Fargo Chief Executive Officer Charlie Scharf warned last month, citing swings in the value of the bank’s investment portfolio as well as geopolitical risks. “Those are all reasons, given where we sit today, to be more conservative on capital rather than less conservative.”
The unrealized losses don’t appear on the firms’ income statement, but under accounting rules they still end up hitting the banks’ balance sheets, affecting so-called accumulated other comprehensive income, or AOCI. There, the country’s four largest banks JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Wells Fargo reported a $16 billion drop in AOCI for the third quarter, to negative $102 billion, company filings show. Because swings in AOCI affect shareholder equity, the drop in AOCI has weighed on key capital ratios. The writedowns come at a tough time for banks, which are trying to hoard capital to meet new, higher regulatory requirements. They’re just one of a bevy of headwinds weighing on capital ratios. Others include new accounting rules that say banks must set aside even more in reserves as a result of rising inflation that’s threatening the overall economic outlook. And with markets on edge over the Federal Reserve’s rate hikes, banks have also been battling back an increase in risk-weighted assets, which are used to determine minimum capital levels. Still, the country’s four biggest banks are sitting on $157 billion of mortgage-backed securities they’ve marked as available for sale. Paper losses on those assets have soared in recent quarters, hindering efforts to boost capital.
https://www.bnnbloomberg.ca/mortgage-market-upheaval-sparks-17-billion-in-paper-losses-for-us-banks-1.1847927
(ProTip: The NYFRB has not bought (officially via the reporting functions at least) any MBS since September 14th 2022 and that was $387m of 30 year GinnieMAE against a submission of $2.66B and $754m of Freddie/Fannie on 0912 against a submission of $2.68BCap #2 and teh avg 30y fixed was just aropund 3% at time)
https://www.newyorkfed.org/markets/desk-operations/ambs
*cap#3-this is a play on acronyms MbS on MBS-this is NOT a suggestion that he is connected to any of this
Planefag Housekeeping
N757AF 757 went back to Laguardia yesterday
also N108PB G650 went to Morristown Muni from Palm Beach Int'l on 1115 (later) as it was moved from Stuart FL to PBI several hours before-think this is used by his legal team for some flights-could be family as well
SAM362 USAF C-32A departed Bangkok after arriving yesterday and arrived at Bali-spent about 5h there then to Bangkok CFC01Trudopealso visible on ground at same-been there for about 11h
SAM656 G5 departed Maxwell AFB after about 1h on ground and SAM000 G5 looks like it's heading to the Keys at present
Maxwell is an (AETC) Air Education and Training Command and also haz a minimum security Fed Prison
SAM538 G5 departed Brussels Int'l EN after arriving on 1115 after a stop at London-Luton for most of the day and then over to Brussels-departed JBA late 1114
SAM538 G5 departed Brussels Int'l EN after arriving on 1115 after a stop at London-Luton for most of the day and then over to Brussels-departed JBA late 1114