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300 x 4,000 = $ 1,200,000 4.5x face
Forgive me if I misunderstood
Boris you speak the truth <><
Vod, you are just trying to aggravate here. 19:1 is the relational value. Give it a rest
Must be at least 300B if 1% fee for a total of 3 billion
Although still Believe a part of the process our brokerage are participants for the use of DTCC services. Use of 3 billion for their services.Schwab is my participant imo
The formula has have already been done in the DTCC formula value 19:1 for $59,327.12 for a share of DTCC IMO
"All payments for purchases and sales of Common Shares will be settled on the Settlement Date, which is
currently anticipated to be April 30, 2024. "
"10. How much will each Participant have to pay, on average, to hold Common Shares?
The Share price for the 2024 reallocation is $59,327.12 per share. This Share Price was determined using the
formula set forth in the Shareholders Agreement.
The actual amount of Common Shares that each Participant will own is determined by its respective use of the
services of the Clearing Agencies, and whether it is a Mandatory Purchaser Participant or a Voluntary Purchaser
Participant."
Read
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
LMAO My way, I think you like it :)
This is Big. Please read the timing for our distribution. Please review for the process in April and research the formula they use. We will end up owning DTCC where our value is?
Questions and Answers on the DTCC Common Stock Reallocation 1. What is the purpose of the requirement that Participants own shares? Having all Common Shares in the hands of Participants ensures that such Participants (1) are appropriately invested in the business of DTCC and (2) through the election of members of the Board of Directors of DTCC (the “DTCC Board”), are given a voice in the governance and activities of the Clearing Agencies, including the kinds and quality of services provided and the service fees charged.
10. How much will each Participant have to pay, on average, to hold Common Shares? The Share price for the 2024 reallocation is $59,327.12 per share. This Share Price was determined using the formula set forth in the Shareholders Agreement. The actual amount of Common Shares that each Participant will own is determined by its respective use of the services of the Clearing Agencies, and whether it is a Mandatory Purchaser Participant or a Voluntary Purchaser Participant.
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
This post says it all on Easter He has Risen Indeed. Jesus is with us.
Thanks to "wwhatthe and Newflow for your work
Re: CAL622003 post# 724944
Saturday, March 30, 2024 5:00:47 PM
Post# of 725243 Go
CAL622003
You asked a good question.
I'm only an investor but, for Sits and giggles...
I would like to try to answer your question...
How on earth would anyone ever be paid?
All IMHO...
But first, Keep in mind,
The company’s liquidating trust pays off the creditors and distributes the new company shares.
The WMI liquidating trust had 200,000,000 new shares to distribute...
And only $7.3 Billion Dollars in cash...
This is because the FDIC seized $307 Billion in assets.
When the WMI liquidating trust closed... this indicated that all the creditors were paid,
and all the new company shares were distributed.
To illustrate my point...
This is a statement from judge MARY F. WALRATH
before the UNITED STATES HOUSE OF REPRESENTATIVES COMMITTEE,
It's after the bankruptcy,
She says…
Quote,
In excess of $7 billion was distributed to
creditors and shareholders. Virtually all creditors received
100% of their claims with post-petition interest and shareholders
received stock and warrants in a subsidiary that was capitalized
with $150 million in new money… End Quote
This excerpt shows us the creditors received about $7 billion Dollars and shareholders received new company stock.
The quote says,
“was distributed to creditors and shareholders”
But we're interested in,
How or in which way was that distributed?
So,
Let's start here,
This is from pdf page# 355/755 of the,
DISCLOSURE STATEMENT
It is about our tracking markers or contra-CUSIP positions.
It’s also about our escrow positions and the Depository Trust Company... (DTC)
Quote…
…The Trustees may conclusively rely upon the distribution instructions received from the debtors or their agents with respect to contra-CUSIP positions and escrow positions set up by the Debtors or their agents with the Depository Trust Company, and the Trustees shall close and terminate the original CUSIPS after making initial distributions of Creditor Cash and shall have no further distribution obligations thereafter…
End quote
Here where it says,
“may conclusively rely upon the Distribution instructions received from the debtors or their agents with respect to contra-CUSIP positions and escrow positions set up by the Debtors or their agents with the Depository Trust Company”
They are talking about our escrow position which according to the above excerpt, was set up by the Debtor (the company).
Every class has an escrow position... Every class has a Trustee.
The company had your information on record,
and because of the bankruptcy... it was used to set up your escrow position with the Depository Trust Company.
If you own your shares by street name... which means your shares are registered in your brokers name on the company's books... Which most do.
So, if you purchased your shares through a brokerage firm, they have your W9 tax information and would know how many shares you had.
Or,
If your shares are registered in your name on the company's books.
They know how many shares you had, but you may have had to provide a W9 tax form.
Either way, the company and TDC would have your name and information... including the use of your W9 tax information from your broker.
Our escrow positions... is because...
When you purchased shares in WMI, you created an equity position in WMI (the company).
When WMI filed for bankruptcy your equity position... also became an escrow position.
It's,
The Debtors (the company) or their agents who set up our escrow positions with the Depository Trust Company.
IMO... Not if, but when,
Anything comes back the Depository Trust Company has all the information they would need to make a distribution.
It would be the same as when it was done for the creditor’s cash, and our new company shares.
The contra-CUSIP number is assigned by DTC for use in reorganization activities, such as distributing company shares or cash.
For example, from the plan,
Some elected to receive shares...
So, some common and preferred shareholders received new company shares and were owed shares from the Disputed Equity Escrow Account.
So,
The Depository Trust Company knows if you are allowed to have shares or not...
That's because of the distribution instructions it received from the debtors (the company).
A contra-CUSIP number was used to distribute the 200,000,000 new shares.
Likewise,
The creditors were owed $7.3 Billion Dollars in cash.
A contra-CUSIP number was used to distribute the cash.
All from the Depository Trust Company with instructions from the debtors (The company).
The contra-CUSIP position is temporary... once the shares and the cash are distributed the numbers are no longer needed and they are removed.
Again,
The company’s liquidating trust pays off the creditors and distributes the new company shares.
There were 200,000,000 shares...
And only $7.3 Billion Dollars in cash...
When the WMI liquidating trust closed... this indicated that all the creditors were paid,
and all the new company shares were distributed.
Now,
Our focus should be on the FDIC’s $307 Billion in assets...
Because if the creditors are paid, then everything the FDIC has is equity and it belongs to the shareholders.
To illustrate this point.
This is from one of the SETTLEMENT AND RELEASE AGREEMENT’s
keep in mind,
WaMu is the Bank... and the Bank is owned by the WMI shareholders.
Quote,
FDIC-R succeeded to all rights, titles, powers and privileges of WaMu, including those with respect to its assets. Among the assets to which FDIC-R succeeded were all of WaMu's claims, demands and causes of action against mortgage brokers that originated mortgage loans for WaMu.
End quote.
The FDIC is a Conservatorship and Receivership...
As Conservatorship the FDIC protects the individuals and their estate.
As Receivership the FDIC preserves the value of the property.
The Estate and property are owned by the WMI shareholders.
One more about the FDIC...
This is from one of the court documents...
Quote,
“In its role as receiver for a failed depository institution, the [FDIC-R] has a statutory obligation generally to maximize the return on the sale or disposition of the receivership estate’s assets. The receiver distributes any funds realized from its liquidation efforts to the failed institution’s creditors and shareholders in accordance with the FDIC’s priority scheme.”
end quote.
So, the FDIC-R, sells the WMB’s assets and distributes the funds in accordance with the FDIC’s priority scheme…
Which is also, the distribution procedure and priority in the Plan on page 141 of the D/S…
And would also use the Depository Trust Company.
Keep in mind the creditors have already been paid by the WMI liquidating trust.
Also,
The FDIC is not a for-profit organization It's independent.
Their primary mission is to maintain stability and public confidence in the banking system,
The FDIC doesn't have shareholders or owners who receive profits... So, they do not generate profits. The FDIC is funded by premiums paid by insured banks, not by selling goods or services.
I know this post is getting long...
But,
Let's add this statement from JPMorgan Chase.
Because they purchased these assets from the FDIC-R...
Here in a statement Dated, Jan 13, 2010
JPMorgan Chase, Testimony before the Financial Crisis Inquiry Commission.
JPMC states…
With the acquisition, we purchased approximately $240 billion of mortgage and mortgage related assets… with $160 billion in deposits…. and $38 billion in equity… We immediately wrote down most of the bad or impaired assets (approximately $31 billion) …. and established proper reserves for the remaining assets, ….as well as for severance and close-down costs.
So,
To answer your question...
How on earth would anyone ever be paid?
Our escrow positions were set up by the Debtors or their agents with the Depository Trust Company,
The Depository Trust Company received Distribution instructions from the company... including your W9 tax information it had from your broker... we don't have to do anything but stay updated with our brokerage firm.
And,
We don't get paid for our escrow shares/markers...
We get paid for our Escrow position.
Sorry for the long post...
All IMHO...
Good luck to you.
You may also be interested in my post #720961
"We don't get paid for our escrow shares/markers... We get paid for our Escrow position"
Thank you for reading my post.
Stay safe… Stay healthy
And of course,
Just my opinion, research, and curiosity…
Wwhatthe
Hoping when they the brokers announce, they will give us loans until payment
JHD It is part of the weekend process to begin the the medium term Bonds non interest notes. 1sr payment June1
This is happening to to us today. The beginning of the end for our settlement. Have a great Easter week, The Lord is with us
"NSCC reports, and Machine-Readable Output (MRO) affected by this change include:
The Seg. Exemption processing referred to in this important notice is for an exemption instruction
processed by a Member to NSCC that overrides their CNS standing instruction on the NSCC master
file. For Members who use DTC’s Inventory Management System (IMS) to process exemptions, please
see DTC’s important notice schedule regarding Good Friday processing to determine their schedules
in effect."
https://www.dtcc.com/-/media/Files/pdf/2024/3/26/a9411.pdf
https://www.dtcc.com/-/media/Files/pdf/2024/3/28/MBS1316-24.pdf
Our greatest week is here. The beginning of the end. June 1st show me the cash. Our Brokers need to lend us money. Truth or dare?
"
Item?8.01.
Other Events.
On March 21, 2024, JPMorgan Chase & Co. issued a press release announcing that on April 30, 2024 it will redeem all of the 1,000,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series U (the “Series U Preferred Stock”), and on May 1, 2024 it will redeem all of the 1,500,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series Q (the “Series Q Preferred Stock”), all of the 1,500,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series R (the “Series R Preferred Stock”), and all of the 2,000,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S (the “Series S Preferred Stock”), in each case pursuant to the optional redemption provisions in the documents governing such depositary shares and the Series U Preferred Stock, the Series Q Preferred Stock, the Series R Preferred Stock and the Series S Preferred Stock.
A copy of the press release referenced above is attached hereto as Exhibit 99.
Item?9.01.
Financial Statements and Exhibits.
(d) Exhibits
99 JPMorgan Chase & Co. press release dated March 21, 2024.
https://www.sec.gov/Archives/edgar/data/19617/000119312524073915/d807652d8k.htm
Guess who gets paid first except for Brian Rosen?
Monday 3/25 Lake/52,504 shares Dimon292,667 shares Guess who gets paid first except for Brian Rosen.
Non Interest Bearing Notes
M 3/25 Medium Term Notes Series A paid quarterly starting June 1,
T 3/26 Medium Term Notes Series A paid quarterly starting June 1,
W 3/27 Medium Term Notes Series A paid quarterly starting June 1,
Th 3/28
F 3/27 Medium Term Notes Series A paid quarterly starting June 1,
4/1 Medium Term Notes Series A paid quarterly starting June 1,
4/17
4/18
5/24 Alerian- Payment MLP index ETF
190,306,100,1000 notes $ 2,265,356,590
4/30/24
5/1/24 JPM redemption of U,Q,R,S to be paid over 11-17 months
6/1 all of the series A Bonds to be distributed payments quarterly
What I meant before in my post is that I will support this idea. I will not do this forever. We may have to admit that they have stolen from us. I am still hoping for a final payment. Peace to all and have a great Easter.
Bill I meant nothing by saying I will step away. I said it more to the doccs and dd that I have delivered that we are so very close. Those that care aboult me here I feel the same. The way in which we get paid has been a real reveal and look forward to the next 3 months. I was not seeking simpithy or compassion. Love to all
If this is not us, I will withdraw because we have been stolen from.
"Exhibit 99
JPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10179-0001
NYSE symbol: JPM
www.jpmorganchase.com
LOGO
News release: IMMEDIATE RELEASE
JPMorgan Chase to Redeem Four Series of Preferred Stock
Represented By Depositary Shares
New York, March 21, 2024 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has announced that on April 30, 2024 it will redeem all of the 100,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U (“Series U Preferred Stock”), and on May 1, 2024 it will redeem all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Q (“Series Q Preferred Stock”), all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R (“Series R Preferred Stock”) and all of the 200,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S (“Series S Preferred Stock”). The shares of Series U Preferred Stock are represented by 1,000,000 depositary shares (CUSIP: 46625HJW1), the shares of Series Q Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48124BAC9), the shares of Series R Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48126HAA8) and the shares of Series S Preferred Stock are represented by 2,000,000 depositary shares (CUSIP: 46625HJQ4). Each depositary share represents a one-tenth interest in a share of Series U, Series Q, Series R or Series S Preferred Stock, respectively. The redemption price per share for the Series U, Series Q, Series R and Series S Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).
Payment of the redemption price for the Series U Preferred Stock will be made on the redemption date of April 30, 2024, and payment of the redemption price for the Series Q, Series R and Series S Preferred Stock will be made on the redemption date of May 1, 2024, in each case upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.
April 30, 2024 will be the final dividend payment date for the Series U Preferred Stock and the depositary shares representing the Series U Preferred Stock. The record date for that dividend is April
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
1, 2024. In addition, May 1, 2024 will be the final dividend payment date for the Series Q, Series R and Series S Preferred Stock and the depositary shares representing those series of preferred stock. The record date for those dividends is also April 1, 2024.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $327.9 billion in stockholders’ equity as of December 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers, predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
# # #
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
If this is not us, I will withdraw, because we have been stolen from.
"Exhibit 99
JPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10179-0001
NYSE symbol: JPM
www.jpmorganchase.com
LOGO
News release: IMMEDIATE RELEASE
JPMorgan Chase to Redeem Four Series of Preferred Stock
Represented By Depositary Shares
New York, March 21, 2024 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has announced that on April 30, 2024 it will redeem all of the 100,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U (“Series U Preferred Stock”), and on May 1, 2024 it will redeem all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Q (“Series Q Preferred Stock”), all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R (“Series R Preferred Stock”) and all of the 200,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S (“Series S Preferred Stock”). The shares of Series U Preferred Stock are represented by 1,000,000 depositary shares (CUSIP: 46625HJW1), the shares of Series Q Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48124BAC9), the shares of Series R Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48126HAA8) and the shares of Series S Preferred Stock are represented by 2,000,000 depositary shares (CUSIP: 46625HJQ4). Each depositary share represents a one-tenth interest in a share of Series U, Series Q, Series R or Series S Preferred Stock, respectively. The redemption price per share for the Series U, Series Q, Series R and Series S Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).
Payment of the redemption price for the Series U Preferred Stock will be made on the redemption date of April 30, 2024, and payment of the redemption price for the Series Q, Series R and Series S Preferred Stock will be made on the redemption date of May 1, 2024, in each case upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.
April 30, 2024 will be the final dividend payment date for the Series U Preferred Stock and the depositary shares representing the Series U Preferred Stock. The record date for that dividend is April
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
1, 2024. In addition, May 1, 2024 will be the final dividend payment date for the Series Q, Series R and Series S Preferred Stock and the depositary shares representing those series of preferred stock. The record date for those dividends is also April 1, 2024.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $327.9 billion in stockholders’ equity as of December 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers, predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
# # #
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
Remember the Alamo
"Royal Dude
Re: None
Thursday, October 12, 2023 11:24:33 AM
Post# of 717322 Go
Who do you think owes us money? My Hero who saved the US Banking system.
"Failed Bank Information for First Republic Bank, San Francisco, CA
On Monday, May 1, 2023, First Republic Bank was closed by the California Department of Financial Protection and Innovation and the Federal Deposit Insurance Corporation (FDIC) was appointed Receiver. No advance notice is given to the public when a financial institution is closed. JPMorgan Chase Bank, National Association (N.A.), Columbus, Ohio acquired all deposit accounts and substantially all the assets."
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/first-republic.html
"Key transaction elements following the FDIC’s competitive bidding process include:
Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing
JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock
First Republic branches will open on Monday, May 1, as normal, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities."
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank?fbclid=IwAR2AyM-Ty3uCWixvskVSzzlSArvkU3kZPAnRUM2E_WIOVAMHMRY4I4Su1lg
Bullish
BULLISH"
They are afraid to allow me to explain to the group that our value is not transferred in the Bankruptcy. The settlement had the goods that Brian Rosen could not get his hands on and have always used the bankruptcy to hide. Our legal representation from the Hedge funds settled outside of BK. Why would BR still be involved if there was not an outside settlement to Escrow/Legacy/ and remote assests. Read all Lotus BS only using the BK language. All Trust or remote assets language is completely separate and has become the great deception from the Rosen/Lotus machine. He thinks he is the master of the universe while being the demon of samantics. The definition of a lawyer. They will burn.
Royal
Lotus
Re: None
Monday, March 18, 2024 8:25:22 PM
Post# of 724726 Go
sadly. what some people on this board expecting more recovery dont understand is that THESE COMPANIES CEASE TO EXIST ANYMORE!!!....... when the chapter 11 was ratified and closed, and release signatures were secured, these companies went into lala land, or oblivion, and buried...a new corporate structure emerged from the old remains with no ties, or obligations to the old equity holders, AND THERE IS NO OBLIGATION TO MAKE THEM WHOLE AGAIN!!!!!!!....if you signed a release, then you gave up all your rights to any former values in the old company... if you did not sign a release, then you have to go to court and sue to get your values returned to you.... 6 that simple... for those of you who have waited, and are waiting to be made whole, you are waiting for a train that derailed on the tracks 12 years ago.....everything posted concerning returns, without documentation is hope and fantasy, and a waste of time....Lodas"
"WHAT: DTCC will be conducting a test of our business continuity and disaster recovery plans. As a result of this testing, DTCC’s Institutional Trade Processing (ITP) TradeSuite ID ® service will be temporarily unavailable. Although this system testing will impact some processing schedules, regular processing and access will resume immediately following the exercise.
WHEN: Please be advised ITP’s TradeSuite ID system will be unavailable between 12:00 PM ET Saturday, April 6th, 2024 and 12:00 PM ET Sunday, April 7th, 2024.
FOR MORE INFORMATION: If you have any questions, please contact us via MyDTCC or contact your Relationship Manager directly.
Pg.59 First Republic for JP Morgan OUR PAYMENT FOR WMB
"The net increase also included $61 billion of deposits associated with First Republic, primarily reflected in CCB, AWM and CB."
Just enough for WMB IMO
Special FDIC event/ "FDIC special assessment."
"Accounts payable and other liabilities decreased primarily due to lower client payables related to client-driven activities in Markets, partially offset by higher accounts payable and accrued liabilities, including the $2.9 billion payable related to the Refer to Note 19 for additional information.
"Deposits increased, reflecting the net impact of:
•higher balances in CIB due to net issuances of structured notes as a result of client demand, as well as deposit inflows from client-driven activities in Payments and Securities Services, partially offset by deposit attrition, including actions taken to reduce certain deposits,
•growth in Corporate related to the Firm's international consumer initiatives,
•lower balances in CCB reflecting higher customer spending,
•a decline in AWM due to continued migration into higher-yielding investments driven by the higher interest rate environment, predominantly offset by growth from new and existing customers as a result of new product offerings, and
•a decrease in CB due to continued deposit attrition as clients seek higher-yielding investments, predominantly offset by the retention of inflows associated with disruptions in the market in the first quarter of 2023.
The net increase also included $61 billion of deposits associated with First Republic, primarily reflected in CCB, AWM and CB.
Federal funds purchased and securities loaned or sold under repurchase agreements increased, reflecting the impact of a lower level of netting on reduced repurchase activity.
Refer to Liquidity Risk Management on pages 102–109 for additional information on deposits, federal funds purchased and securities loaned or sold under repurchase agreements, and short-term borrowings; Notes 2 and 17 for deposits and Note 11 for federal funds purchased and securities loaned or sold under repurchase agreements; Business Segment Results on page 67 and Note 34 for additional information on the First Republic acquisition.
Trading liabilities increased due to client-driven market-making activities in Fixed Income Markets, which resulted in higher levels of short positions in debt instruments, partially offset by lower derivative payables primarily as a result of market movements. Refer to Notes 2 and 5 for additional information.
Accounts payable and other liabilities decreased primarily due to lower client payables related to client-driven activities in Markets, partially offset by higher accounts payable and accrued liabilities, including the $2.9 billion payable related to the FDIC special assessment. Refer to Note 19 for additional information.
With the other 150 billion, I think they have it covered :)
This could be the next dates in the works IMO
Original issue date (settlement date): expected to be the fifth scheduled business day after the trade date (i.e., between March 13, 2024 and April 5, 2024)
Original issue price: 100.00% of the principal amount
Underwriting commission/discount: up to 1.25% of the principal amount*
Net proceeds to the issuer: % of the principal amount
See “Summary Information — Supplemental Use of Proceeds” on page PS-8 of thi pricing supplement for information about the components of the original issue price of the notes.
*J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions it receives from us to an unaffiliated dealer. In no event will these selling commissions exceed 1.25% of the principal amount. See “Plan of Distribution (Conflicts of Interest)” on page PS-86 of the accompanying product supplement.
https://www.sec.gov/Archives/edgar/data/1665650/000121390024020151/ea171137_424b2.htm
$125,157,168,784 JPMORGAN CHASE & CO. Debt Securities Warrants Units Purchase Contracts Guarantees JPMORGAN CHASE FINANCIAL COMPANY LLC Debt Securities Warrants We, JPMorgan Chase & Co., may from time to time offer and
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
The current situation
Fdic voluntay of all of NYSD Court of all of the participants in the Banruptcy.
1. March 5th Term Sheet
2. 8th 2days
12th Closing (t+5)
14th Trading by (per Sec)
3. 6.875
4. Reset x 4 = 10 B
5. 2,500,000 X $10,000 = 2.5 B
"DESCRIPTION OF COMMON STOCK JPM
As of the date of this prospectus, we are authorized to issue up to 9,000,000,000 shares of common stock. As of December 31, 2021, we had 2,944,149,145 shares of common stock issued and outstanding (which excludes 1,160,784,750 shares held in treasury).
The following summary is not complete. You should refer to the applicable provisions of our certificate of incorporation and to the DGCL for a complete statement of the terms and rights of our common stock.
Pg 36
Dividends. Holders of common stock are entitled to receive dividends if, as and when declared by our board of directors out of funds legally available for payment, subject to the rights of holders of our preferred stock."
p. 39
"DTC has advised us that upon the issuance of a global security and the deposit of that global security with DTC, DTC will immediately credit, on its book-entry registration and transfer system, the respective principal amounts or number of shares represented by that global security to the accounts of DTC participants.
We will make payments on securities represented by a global security to DTC or its nominee, as the case may be, as the registered owner and holder of the global security representing those securities. DTC has advised us that upon receipt of any payment on a global security, DTC will immediately credit accounts of DTC participants with payments in amounts proportionate to their respective beneficial interests in that security, as shown in the records of DTC."
Pg.40
"We understand that, under existing industry practices, in the event that we request any action of holders, or an owner of a beneficial interest in a global security desires to take any action that a holder is entitled to take under the securities or the indentures, DTC would authorize the DTC participants holding the relevant beneficial interests to take that action, and those DTC participants would authorize beneficial owners owning through those DTC participants to take that action or would otherwise act upon the instructions of beneficial owners owning through them.
DTC has advised us that DTC is a limited purpose trust company organized under the New York Banking Law, a “banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code and a “clearing agency” registered under the Securities Exchange Act of 1934."
spending bills approved by the Senate in time to avoid a shutdown of many key federal agencies. The legislation's success gets lawmakers about halfway home in wrapping up their appropriations work for the 2024 budget year.
The measure contains six annual spending bills and had already passed the House. In signing it into law, Biden thanked leaders and negotiators from both parties in both chambers for their work, which the White House said will mean that agencies “may continue their normal operations.”
Meanwhile, lawmakers are negotiating a second package of six bills, including defense, in an effort to have all federal agencies fully funded by a March 22 deadline.
Possible settlement due by March 22 in the last Government bill.
DocketBird. You are not being charged for this notice; we are providing it as a courtesy.
Case: In Re: Libor-Based Financial Instruments Antitrust Litigation (nysd-1:2011-md-02262)
Court: Southern District of New York
3985. NOTICE OF VOLUNTARY DISMISSAL WITH PREJUDICE OF SOCIETE GENERALE PURSUANT TO F.R.C.P. 41(a)(1)(A)(i): PLEASE TAKE NOTICE that, pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(i), Plaintiffs, by and through their undersigned attorneys, hereby dismiss all of their respective claims against Defendant Socit Gnrale ("SocGen") with prejudice from the actions City of Richmond, et al. v. Bank of America Corp., et al., No. 13-cv-00627; City of Riverside, et al. v. Bank of America Corp., et al., No. 13-cv-00597; County of Mendocino v. Bank of America Corp., et al., No. 13-cv-08644; County of Sacramento v. Bank of America Corp., et al., No. 13-cv-05569; County of San Diego v. Bank of America Corp., et al., No. 13-cv-00667; County of San Mateo, et al. v. Bank of America Corp., et al., No. 13-cv-00625; County of Sonoma, et al. v. Bank of America Corp., et al., No. 13-cv-05187; East Bay Municipal Utility District v. Bank of America Corp., et al., No. 13-cv-00626; San Diego Association of Governments v. Bank of America Corp., et al., No. 13-cv-05221; and The Regents of the University of California v. Bank of America Corp., et al., No. 13-cv-05186, without interest to any party and with each party to bear its own attorneys' fees and costs. For the avoidance of doubt, this notice of voluntary dismissal applies only to SocGen, and Plaintiffs are continuing to pursue claims against other Defendants in these actions. So ordered. (Signed by Judge Naomi Reice Buchwald on 3/6/2024
Believe they were sold off to itself or elsewhere for cash at a discount
Alerian Notes as a possible settlement for our Legacy Value
3/31/23 10K
6/30/23 10k DD for JPM
9/30/23 10k
1/30/24 New notes issued
2/6/24 Declared effective
2/7/24 Effective prospect dated
4/11/24 Repurchase notice
4/12/24 Repurchase date/Amount pay
4/17/24 Offer expires
4/18/24 Terms of new notes
4/23/24 Payments early repurchase
5/24/24 Exchange New notes for old notes
5/28/24 Settlement shortened
7/26/24 Right of redemption
** Please do your own dd, this is only my guess as to my dd and documents
19:03661:1 to one with Old to New ???
Possibility is to combine P's with Q's????
https://www.sec.gov/Archives/edgar/data/1665650/000095010324001881/dp206454_424b3.htm
You tell me, is this Billions $ My position this is for Budget 2, The big Kahuna . Please study link. I think this is very important and will make for a very important Spring.
Investing in the notes involves a number of risks. See “Risk Factors” beginning on page PS-16 of the accompanying product supplement and “Selected Risk Considerations” beginning on page MMS-8 of this market-making supplement.
†Reflects the retirement of 10,000,000 notes, with an aggregate principal amount of $190,366,100, prior to the date of this market making supplem
$125,157,168,784 JPMORGAN CHASE & CO. Debt Securities
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
Warrants Units Purchase Contracts Guarantees JPMORGAN CHASE FINANCIAL COMPANY LLC Debt Securities Warrants
https://www.sec.gov/Archives/edgar/data/19617/000095010316012673/dp65044_424b2-amms1.htm?fbclid=IwAR2912EF8R3VOclVE37sx2SXCsbip2JKicT-W8iHZ6FhDpAmZvUJHHwnDWQ
If they keep kicking people off their repetition conquers
Hey bouncer give it a rest. We must be getting close
Me to
The FDIC is a great place to do Business for JPM and all will be settled as a Banking system without identifying guilt of any of the top 10 Banks. I want this to be successful and not be a master of the universe. The government allowed this and must succeed fixing the settlement for the Banking system and fix a broken constitution. Vote for our success
Agree, the deadlines are set and we have to stay strong. Money and process DTCC and FDIC has been set IMO I love our chances
We will see by 4/14/24 deposition deadline. Do not think they will risk exposure.
Wow thanks for the insult, just kidding :)
Get the connection, First Republic, JPM, FDIC , Silicone Bank, Signature, old Legacy assets = NYCB
When is in bold
CEO COMMENTARY
“In 2023, New York Community reached an inflection point in its transformation to a dynamic, full-service commercial bank” said President and Chief Executive Officer Thomas R. Cangemi. “We reported an increase in net income available to common stockholders, diversified our balance sheet with commercial loans now representing almost 50% of our total loans, and increased the percentage of non-interest-bearing deposits. In addition, we have made terrific progress integrating Flagstar Bank, meeting every milestone along the way and unveiled a fresh, new re-branding campaign, which will launch shortly after the planned systems conversion is completed in mid-February.
“Shortly after closing the acquisition of Flagstar Bank, we were presented with the unique opportunity to accelerate this transformation when we were selected by the FDIC to purchase certain strategically and financially attractive assets and liabilities of Signature Bank. The benefits of this transaction were abundantly clear, as it strengthened our balance sheet by adding a significant amount of low-cost deposits and a middle-market business supported by over 130 private banking teams. The transaction also put us over $100 billion in total assets, placing us firmly in the Category IV large bank class of banks between $100 billion and $250 billion in assets and subjecting us to enhanced prudential standards, including risk-based and leverage capital requirements, liquidity standards, requirements for overall risk management and stress testing. While we began preparing to be a $100 billion bank almost immediately after closing the Flagstar acquisition, we crossed this important threshold sooner than anticipated as a result of the Signature transaction. Alongside the integration of our three banks and in anticipation of our initial capital plan submission in April of this year, we have pivoted quickly and accelerated some necessary enhancements that come with being a $100 billion-plus Category IV bank.
https://www.sec.gov/Archives/edgar/data/910073/000091007324000031/nycb4q2023earningsrelease.htm
https://www.sec.gov/Archives/edgar/data/910073/000091007324000031/nycb-20240131.htm
Yes, I agree, but would it be funny if it was all a sub of JPM :)
They will not let me post during the day It is a blessing from the blind here. They have recreated a Bank with the worst debts and risky assets. They will not let it fail IMO LOL