>>18777762 lb
The O.C.C. is the same organization that produces the O.T.C. derivatives report and then does absolutely nothing with it.
If JPMorgan Wins First Republic, OCC Standing By for Key Nod
One question looming over First Republic Bank’s emergency auction this weekend is whether giant bidder JPMorgan Chase & Co. would be granted a rare exception to rules forbidding banks that hold more than 10% of US deposits from buying competitors. An answer could come fast. Behind the scenes, the Office of the Comptroller of the Currency is standing by to quickly vet a deal and render a verdict if the Federal Deposit Insurance Corp. deems JPMorgan’s offer attractive and seeks approval, according to people with knowledge of the matter. JPMorgan, the nation’s largest bank, has the advantage of what Chief Executive Officer Jamie Dimon calls its fortress balance sheet heading into the government-led attempt to sell First Republic. FDIC officials spent Sunday afternoon weighing options after a deadline passed for offers and they’re widely expected to announce their decision later in the evening.
Representatives for the OCC and FDIC declined to comment.
https://www.bloomberg.com/news/articles/2023-04-30/if-jpmorgan-wins-first-republic-occ-is-standing-by-for-key-nod
>>18639077 pb OTC Derivative positions Q4 2022-Goldman Sachs takes the 'top' spot from JP Moran
>>18771599 pb
>Like this wasn't the 'plan' since these banks 'gave them' $30B and the depositors who took munee out of FRC and put it into those same banks don't really realize it basically went right back