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tw0122

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tw0122

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Sunday, 04/30/2023 7:58:30 PM

Sunday, April 30, 2023 7:58:30 PM

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Updated H.8 stats for US commercial banks indicates an exceptionally fragile situation where the system remains largely frozen. Unlike what crap the Fed says about everything being good, you can understand why banks aren't taking their word on it.

US bank system unwilling to let go of emergency cash cushion. Only modestly repaying emergency borrowings. Holding on to as much liquidity as possible. Why? After all, Fed says SVB was "an outlier."#FirstRepublicBank https://t.co/2aGzQ5YXA2 pic.twitter.com/UzwQNvBHCp
— Jeffrey P. Snider (@JeffSnider_AIP) April 29, 2023
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