Imagine my shocked face!
We observed that some FDIC-insured banks are not reporting estimated uninsured deposits as outlined in the Consolidated Reports of Condition and Income (Call Reports). Today, we’re reminding banks of the importance of reporting accurate data.https://t.co/jJd5rU3cJV
— FDIC (@FDICgov) July 24, 2023
This chart shows that post-pandemic, banks are hyper-sensitive to financial conditions.
We now learn that banks are intentionally under-stating their uninsured deposits:https://t.co/uz54YP5NWo
No shit. pic.twitter.com/H1uk9BUutT
— Mac10 (@SuburbanDrone) July 25, 2023