According to the Federal Deposit Insurance Corporation's first quarter report, the US banking system is sitting on a collective $517 billion in unrealized losses and has 63 "problem banks." Those losses have been sparked primarily by a surge in interest rates over the past two years, which have driven down the price of fixed-income securities held by banks. https://www.businessinsider.com/63-problem-banks-517-billion-unrealized-losses-fdic-interest-rates-2024-6

Get ready for the BANK RUNS? The FDIC’s most recent report tells us that there are 63 “problem banks” in the United States, and collectively our banks now have 517 billion dollars in unrealized losses… https://www.activistpost.com/2024/06/the-entire-system-is-crumbling-major-red-flags-are-popping-up-for-banks-small-businesses-and-retailers.html

The bottom line is Stage II of the crisis is here, and the effects will be devastating to financial institutions and the stock market as a whole. Well, it seems that the quiet period is over and we are entering Stage II of the banking meltdown. According to the latest data from the FDIC, many banks could be at risk of failure as unrealized losses reached $517 billion in the first quarter of 2024, up from $478 billion in the last quarter of 2023. 40 banks with over $1 billion in assets have already reported unrealized losses higher than 50% of their equity capital. Over 200 smaller banks with lesser assets have issued the same reports. https://www.zerohedge.com/markets/banking-crisis-stage-two

IT'S COMING. Federal Deposit Insurance Corporation (FDIC) showed that at least 63 banks were on the brink of insolvency in the first quarter of 2024 https://kitco.com/news/article/2024-06-06/bitcoin-and-gold-more-attractive-fdic-reveals-63-banks-risk-collapse

🧵2. FILE: #BankCLOSED #CitizensBank #FDIC "The two branches of Citizens Bank will reopen as branches of Iowa Trust & Savings Bank on Monday during normal business hours." Press Release https://www.fdic.gov/news/press-releases/2023/pr23091.html

🧵1. FILE: #BankCLOSED #CitizensBank #FDIC Citizens Bank, Sac City, IA On Friday, November 3, 2023, Citizens Bank was closed by the Iowa Division of Banking. https://www.fdic.gov/bank/historical/bank/bfb2023.html

Financial Inclusion and Unbanked Households, Consider that a retail CBDC would be like having a bank account with the Federal Reserve, even if it is intermediated by another bank. There is a lot of guesswork about how a CBDC will be implemented, but some say that it will not just be like having a bank account with the Fed, but that it could be exactly that. Either way, if a CBDC were genuinely aimed at financial inclusion, it would offer something to those who have chosen to forgo a bank account entirely. This “unbanked” population constitutes about 5.4 percent of US households according to a 2021 Federal Deposit Insurance Corporation (FDIC) survey. The survey asked each household why they do not have a bank account, and the responses indicate that minimum balance requirements, privacy, trust, and fees are the most significant factors. https://www.activistpost.com/2023/08/cbdcs-the-ultimate-tool-of-financial-intrusion.html

Should we be surprised that we are witnessing so many failures all around us? After all, the mainstream media claims that the U.S. economy is doing just great. Of course the truth is that the economy is not in good shape at all. Those in positions of power have been desperately trying to prop up the system, but it continues to steadily fall apart. Earlier this year, we witnessed the second largest bank failure in U.S. history, the third largest bank failure in U.S. history, and the fourth largest bank failure in U.S. history. The Federal Reserve implemented extreme measures in an attempt to keep more banks from failing, but now another one has failed. On Friday, Heartland Tri-State Bank collapsed and the FDIC took control and arranged a sale… https://www.activistpost.com/2023/07/the-beat-goes-on-another-bank-has-collapsed-another-trucking-company-has-collapsed-and-u-s-consumers-are-tapped-out.html

Not satisfied with the billions in interest they’re earning on excess reserves, or the unlimited facilities The Fed opened up with the BTFP to bail out regional banks’ losses on their bond portfolios, The Wall Street Journal reports that banks have spent the past week or so testing a cunning plan to push more losses on to the US taxpayer. …except those Treasurys are trading notably below par and the government will accept them as par, implicitly paying a premium for the bonds. As a reminder, US banks are sitting on $620 billion in unrealized paper losses on government bonds… https://www.activistpost.com/2023/05/taxpayers-fleeced-again-big-banks-push-new-fdic-re-funding-trick.html

It was only 6 weeks ago when the nation was briefly paralyzed with concern as we watched three banks go under, with their deposits under FDIC control. At the time, I wrote that one of the next banks to fail could be First Republic Bank. If you think that your money is safe in the bank, you may want to reconsider. And you may want to do it quickly because, just last month, we saw how rapidly the domino effect could take down one after another. https://www.activistpost.com/2023/05/another-one-down-first-republic-bank-is-failing-fdic-likely-to-seize-deposits-today.html