Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

As of 2Q23, the TBTF FDIC insured banks are sitting on $558,400,000,000.00 (1/2T) in unrealized losses on their Assets. The FDIC Insurance Fund for American Deposits is $117,000,000.00 ($117B).

"This chart shows the elevated level of unrealized losses on investment securities due to the increases in market interest rates since the beginning of 2022. Unrealized losses on available-for-sale and held-to-maturity securities totaled $558.4 billion in the second quarter, up 8.3 percent from the prior quarter, primarily due to increases in market interest rates and mortgage rates during the second quarter."

https://www.fdic.gov/news/speeches/2023/spsept0723.html