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Remarks by FDIC Chairman Martin Gruenberg at the Institute of International Bankers-March 6th, 2023
One week ago today ^^^^
FDIC Interest Rate Risk
The current interest rate environment has had dramatic effects on the profitability and risk profile of banks’ funding and investment strategies. First, as a result of the higher interest rates, longer term maturity assets acquired by banks when interest rates were lower are now worth less than their face values. The result is that most banks have some amount of unrealized losses on securities.The total of these unrealized losses, including securities that are available for sale or held to maturity, was about $620 billion at yearend 2022. Unrealized losses on securities have meaningfully reduced the reported equity capital of the banking industry.
https://www.fdic.gov/news/speeches/2023/spmar0623.html
Conveniently the entire data series from the St. Louis FED was discontinued as of April 8th, 2022 and the only one available to see is the Net Unrealized Gains (Losses)
https://fred.stlouisfed.org/series/NUGACBW027SBOG
The
https://fred.stlouisfed.org/tags/series?t=unrealized+gains%2Flosses
>>18493300 pb Silicon Valley Bank, FDIC, Federal Reserve Stress Tests and Hold to Maturity for TBTFs and others
you'll see Blackhawks (on scope) in that area but that about it
PlaneFag CONUS activity
SAM390 G5 NE from Austin Int'l Airport-had an overnight at San Antonio Int'l then NE to Austin for 5h
VV100 US Navy G5 Navy Brass after doing muh sub thing with Potato, Sunak and Albanese-who arrived on Saturday night local
Biden Cements Australia Subs Deal at Summit With Albanese, Sunak
https://www.wsj.com/articles/biden-to-cement-australia-subs-deal-at-summit-with-albanese-sunak-b86fad04
Tanker switch out over Potato 58-1508 for 57-1468 KC-135s
German AF GAF051 A400m NE from Nellis AFB and RCH231 C-17 NE from Dover AFB (moar toys for Zelensky) and haz a BUFF doing roundies out of Minot AFB
If you see them it wouldn't hurt to post it every once and a while
See a ton of stuff as well that isn't on the scope ever but don't really mention it as it's part of muh local's daily ops
Basically an airshow every day
you are the expert for your area…
Familiar (based on wut you've already posted) w/ what should be there and what is unique.
If you think it is important then by all means post it