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Warm Up
- More Banks - But not to worry
- Odds are for RATE CUTS this year starting July
- Chili Cook Off - The Results (ask Andrew about the Cocoa)
- Crawfish Boil and BBQ this weekend - What is JCD Doing?
- Dueling message on Seaweed Blob
- Moores law - Coiner - Dies
Market Update
- Big Bucks pulled from banks - (they have been screwing depositors for years with low rates)
- Big banks getting those Big Bucks
- Recession odds increased with all of these problems
A Moment
- Gordon Moore, the Intel Corp. co-founder whose theory on computer-chip development became the yardstick for progress in the electronics industry, has died. He was 94.
Bank Notes
- Nearly $100 billion in deposits pulled from banks; officials call system 'sound and resilient'
- Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and more than a dozen other officials convened a special closed meeting of the Financial Stability Oversight Council on Friday.
--- "The Council discussed current conditions in the banking sector and noted that while some institutions have come under stress, the U.S. banking system remains sound and resilient," the statement said.
- Data released Thursday showed that institutions took a daily average of $116.1 billion of loans from the central bank's discount window, the highest since the financial crisis, and have taken out $53.7 billion from the Bank Term Funding Program.
Sunday - Kashkari: “The banking system is resilient, and it’s sound,” Kashkari told Margaret Brennan on CBS’s “Face the Nation.” “The banking system has a strong capital position and a lot of liquidity and has the full s