Sunday , November 24 2024
Home / Mike Norman Economics / FDIC Quarterly Banking Review Q1

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

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.


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.

Leave a Reply

Your email address will not be published. Required fields are marked *