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FDIC Quarterly Banking Review Q1

Summary:
Solid report out link to .pdf here. The aggregate net income for the 5,362 FDIC-insured commercial banks and savings institutions totaled .7 billion in first quarter 2019, an increase of .9 billion (8.7 percent) from a year ago.  During the three months ended March 31, equity capital of .1 trillion rose by .9 billion (1.8 percent).  Retained earnings in first quarter 2019 totaled .1 billion and dividends paid rose to .6 billion, an increase of .9 billion (25.9 percent).  Total assets increased by 7 billion (0.8 percent) during the first quarter. They are increasing retained earnings by about a b annual rate which will enable an increase in risk assets (loans) of about 0b. (b/0.14 Risk-based Capital Ratio)Mike has the leading Treasury net withdrawals up

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Solid report out link to .pdf here.

The aggregate net income for the 5,362 FDIC-insured commercial banks and savings institutions totaled $60.7 billion in first quarter 2019, an increase of $4.9 billion (8.7 percent) from a year ago. 
During the three months ended March 31, equity capital of $2.1 trillion rose by $36.9 billion (1.8 percent). 
Retained earnings in first quarter 2019 totaled $22.1 billion and dividends paid rose to $38.6 billion, an increase of $7.9 billion (25.9 percent). 
Total assets increased by $147 billion (0.8 percent) during the first quarter.

They are increasing retained earnings by about a $85b annual rate which will enable an increase in risk assets (loans) of about $600b. ($85b/0.14 Risk-based Capital Ratio)

Mike has the leading Treasury net withdrawals up $219.5 bln over last year and growing at 6.97% YoY creating necessary growth in incomes to enable this pretty decent growth in credit.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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