by Calculated Risk on 7/10/2009 03:52:00 PM
Friday, July 10, 2009
FDIC Bank Failures, Fed Assets and the Market
First the market ...
Click on graph for larger image in new window.
This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.
And the next two graphs are from the Cleveland Fed.
From Mike Bryan, a vice president and senior economist in the Atlanta Fed’s research department: Economic and financial data, neatly wrapped
We thought if these summaries are useful internally, then a wider audience will also find them valuable. So beginning today we will publish our Economic Highlights and Financial Highlights, exclusive of any proprietary data, on our Web site. We anticipate updating these digests weekly.From the Financial Highlights on the Fed assets:
The third graph shows the bank failures by asset size and state.While the overall size of the Fed’s balance sheet has been shrinking slightly over the last two months, the composition of the balance sheet has changed. There have been sizeable declines in short-term lending to financials and lending to nonbank credit markets. Offsetting these declines have been increases in holdings of agency debt and mortgage backed securities (MBS) as well as increases in holdings of U.S. Treasury securities. Combined, these three categories have increased by about $460 billion since the week ended March 18.
I'm looking forward to these highlights every week!
Now for this BFF (Bank Failure Friday) ...