Anonymous ID: 3ee79b May 12, 2023, 7:24 a.m. No.18835302   🗄️.is đź”—kun   >>5477 >>5519

PlaneFag CONUS Activity-Mexi AF heading NE from Santa Lucia AB (737 and a C-130 Hercules)

 

Mexi AF FAM3528 737 EN and FAM3611 C-130 Hercules NE from Santa Lucia AB (ne of Mex city)-FAM3528 went to Matamoros, Reynosa, Nuevo Laredo and Monterrey and back to Santa Lucia AB yesterda-also still have 3527 737 at Peterson SFB from yesterday >>18832587 pb

 

SAM612 C-32A south from JBA and heading to Fayetteville (Bragg)

VV100 US Navy G5 SW from JBA-was at Peterson SFB yesterday

SAM948 G5 NE from Miami Int'l stop of about 90m

Anonymous ID: 3ee79b May 12, 2023, 8:06 a.m. No.18835448   🗄️.is đź”—kun   >>5477 >>5519

At Year End, 4,127 U.S. Banks Held $7.7 Trillion in Uninsured Deposits; JPMorgan Chase, BofA, Wells Fargo and Citi Accounted for 43 Percent of That

 

If the dark secrets about the U.S. banking system that federal regulators have been keeping since the financial crash of 2008 are allowed to be aired in public Congressional hearings as a result of the current banking crisis – and mainstream media will grow a backbone and cover those hearings – it could help the U.S. avoid a catastrophic financial reckoning down the road.

 

For years, Wall Street On Parade has been reporting that just four banks in the U.S. control more than 85 percent of all the opaque derivatives in the banking system. We have also regularly reported how federal agencies have singled out these four banks for posing systemic risk to the financial stability of the United States. We’re talking about JPMorgan Chase, Bank of America, Wells Fargo and Citigroup’s Citibank.

 

On March 30, we crunched the numbers from the regulatory filings made by these banks (call reports) and reported that as of December 31, 2022, these four banks held a combined $3.286 trillion in uninsured domestic deposits. (Federal deposit insurance is capped at $250,000 per depositor per bank. Uninsured deposits taking flight were a key element in the recent bank runs that led to the second, third and fourth largest bank failures in U.S. history.) As of December 31, 2022, JPMorgan Chase Bank N.A. held $2.015 trillion in deposits in domestic offices, of which $1.058 trillion were uninsured; Bank of America held $1.9 trillion in deposits in domestic offices, of which $909.26 billion were uninsured; Wells Fargo held $1.4 trillion in deposits in domestic offices, of which $721.1 billion were uninsured; and Citibank N.A. (parent, Citigroup) held $777 billion in deposits in domestic offices, of which $598.2 billion were uninsured.

 

We can now put that $3.286 trillion figure into sharper perspective. On May 1, the FDIC released its report on “Options for Deposit Insurance Reform.” Without mentioning that just four banks controlled $3.286 trillion of uninsured deposits at year end, the FDIC report did provide the figure of $7.7 trillion as the total of uninsured domestic deposits held by all banks at the end of 2022.

 

That means that just these four banks held 43 percent of all uninsured deposits at 4,127 federally insured commercial banks in the U.S. as of year end 2022.

 

The FDIC report reads as follows:

 

“Following the 2008-2013 banking crisis, the reliance by the U.S. banking system on uninsured deposits grew dramatically, both in dollar volume and as a proportion of overall deposit funding. From year-end 2009 through year-end 2022, uninsured domestic deposits at FDIC-institutions increased at an annualized rate of 9.8 percent, from $2.3 trillion to $7.7 trillion.”

 

Give your brain a few moments to thoroughly digest that statement. Federal regulators have known since the 1930s that uninsured deposits are the most likely to bolt in a banking crisis, and yet, after the worst banking crisis in 2008 since the Great Depression, both Congress and federal regulators have allowed uninsured deposits to more than triple at U.S. banks – as well as to become concentrated at just four banks. (The derivatives BS is just as concentrated with the top four having the bulk of the reported O.C.C. OTC derivatives-it is also a lagging report like this one)

 

https://wallstreetonparade.com/2023/05/at-year-end-4127-u-s-banks-held-7-7-trillion-in-uninsured-deposits-jpmorgan-chase-bofa-wells-fargo-and-citi-accounted-for-43-percent-of-that/

 

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