Replies to post #492321 on Mr Cooper Group Inc (COOP)

[kevins131]

Paid for Non WMB assets?

[zulual]

299B - 151B = 148B,
Where is the remaining 148 B, transferred to LT also? We did not see in FDIC Sep 17 statement. Tia

[ReikoBlack]

Do you value CBA09's opinion?

cura asada

CBA09, what is your opinion, about the 220 billion non operating deposits reported by JPM in their 2/24/16 Form 8-K of which 151 billion were transferred to FDICR.

SEE PAGE 13

JPMC FORM 8-K filed 2 24 16

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CBA09's Reply

cura asada - $ 220B reduction - non operating deposits

Banks, pre 2008 crisis, were mainly managing asset to liability. But since then new liquidity regulations were put forth, specifically the focal point was to ensure protection against a run on bank deposits.

What transpired was a new threshold emphasizing types of deposits and deposit mix. This new regulation to classify deposits into operating vs. non operating.

The short of it - banks have to protect against the non operating with highly liquid assets which are not favorable because they inherently have a low yield. So, today banks are focused on deposit mix with the goal to have minimal non-operating deposit vs operating deposits. Operating deposits are those that have a longer than 30 day maturity which banks can then leverage toward higher yielding assets.

This $ 220 reduction of non operating deposits was in my opinion JPM lowering their liquidity risks in the normal course of managing the deposit mix.

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cura asada

Thanks CBA09, and the 151 billion? If I understand you correctly only 37 billion of the 188 billion received,were medium and long term deposits that were used for loans?

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CBA09's Reply

cura asada - $ 151B

JPM Link you sent to me.
Previously you asked for my take of the $ 151B going to the FDIC-R. Sorry for missing that item. As I revisited Page 13 I do not see how you would come to that conclusion. All I see is a reduction of deposits of $ 151B deposits.

Instead of FDIC-R did you mean Federal Reserve Bank? Because, if Federal Reserve Bank, routinely Banks will borrow or lent deposits to the Fed.

Only time I could imagine JPM would sent money to the FDIC-R would be due to a settlement. If so, there would be a settlement agreement and the settlement funds would be wired.

Unsure about the mixture; $ 37B of $ 188B were medium and long term deposits that were used for loans.

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[Royal Dude]

Everyone is getting in on the action IMO
"Nonperforming loan balances exclude $783 million , $835 million , and $959 million of purchased credit impaired loans at September 30, 2017 , June 30, 2017 , and September 30, 2016 , respectively"

http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12330580&RcvdDate=10/19/2017&CoName=KEYCORP%20/NEW/&FormType=8-K&View=html