tyb
NATO40 E-3A Sentry AWACS with some fly-by's, on it's second one now at Geilenkirchen AB (NATO) along with some Belgian Air Component F-16AM Fighting Falcons to the west having a nice ride.
French AF MERCUR45 C-135FR Tanker on ground at Niamey, Niger
doing well and ty for asking. Moving along. Was that you who had the comp crash and lost notes yesterday? I was just coming back in (and not paying attention to who had it) and saw ..scraped the bred and brought forward.
did 'dat and sorry I didn't acknowledge. had some doggo issues then. Very high-strung and got to be taken out 2-3x day for extended periods- a short stroll doesn't cut it.
JP Morgan Eyes Plan to Tap Fed’s Discount Window to Break Stigma
A senior JP Morgan Chase & Co. executive said the largest U.S. bank planned to borrow funds through the Federal Reserve’s emergency lending facility in an exercise designed to break the stigma attached to that program.
Jennifer Piepszak, JPM’s chief financial officer, said Tuesday during the firm’s investor day in New York that the bank would borrow from the so-called discount window from time to time this year and had discussed the plan with regulators. The remarks come less than three weeks after Randal Quarles, the Federal Reserve’s vice chairman for banking supervision, spoke of the need to make it easier for banks to access emergency loans from the Fed.
“The discount window is meant to be used by healthy banks when it is needed,” Quarles said in a Feb. 6 speech. “While there has long been discussion about how the discount window is ‘broken’ because of stigma about using it, we know it is still an important part of firms’ contingency planning and preparations.” Quarles also discussed in his speech how improving access to the discount window could help enhance money-market liquidity.
The Fed’s discount window is meant to provide emergency liquidity to banks that otherwise have healthy balance sheets. Banks have become extremely reluctant to use it, however, because of the reaction it can provoke among investors, who may fear it reveals a more serious problem, and among politicians keen to attack bank bailouts.
https://www.bloomberg.com//news/articles/2020-02-25/jpmorgan-eyes-plan-to-tap-fed-s-discount-window-to-break-stigma
sure we are just "testing this" because we do not need any liquidity with $54.94T of shitty derivative 'assets' on the books.
Cap#2
page 37 here
https://www.occ.treas.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2019.pdf
Discount Window Lending
The discount window helps to relieve liquidity strains for individual depository institutions and for the banking system as a whole by providing a reliable backup source of funding. Much of the statutory framework that governs lending to depository institutions is contained in section 10B of the Federal Reserve Act.
rest at link
https://www.federalreserve.gov/regreform/discount-window.htm
fabulous job anon. around most of day/night so hollar if you need something: break, cap of something or someone to go back and scrape.
o7
>>8236957 pb Margin Calls
This is being discussed, within the circles of banking fuckery-the big boi's- right about now.
Index(s) are all down roughly 1% so the talk is most likely "wut are we gonna do if this goes lower?" You send out a margin call and the recipient responds with one to another client (institution) and it starts the asset sale part of this to fund said margin call. The overall index(s) are not down much at all-when you factor where they have come from. It's the constant piling on of paper that got us here so as it "arrives" at a point higher and higher it needs moar to keep it there.
The 10 year note is at all time lows this morning-this exacerbates the margin call issue. As the recipients of the call will need to decide what to sell to fund that request. Gov't debt is the most liquid-and biggest bang for the buck- and then come equity's.
https://www.marketwatch.com/investing/bond/tmubmusd10y
still use the index.
>nobody is saying that.
read the entire thing anon. Said it's being discussed among them. That not something you do in public.
A. that is yesterday
B. you are missing the point of the op
This is a mechanism that is being discussed by them-the mechanism that facilitated the the engineered drop in 2008. You start that and it creates a feedback loop- so they really don't want to do it-but it is being discussed. Mebby not for today or tomorrow but they have a plan to utilize it and have in the past several times.
(40) post nigga gonna tell you all what it's about….