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The U.S. Senate Banking Committee held a hearing on March 28 at which the heads of regulatory agencies presented their accounts of the recent spate of bank failures.
Emergency Fed support for US banks is reminiscent of levels seen during the Great Financial Crisis on some measures.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The in the borrowing the banks are doing of at the federal reserve the discount window, borrowing the borrowing against their new credit facility, the bank turned funding facility. you can see it in the borrowing from the federal home loan bank system. you can see it in the borrowing that central banks with the fed, so the system is obviously under a lot of stress. and uh, i think investors are just really nervous about you know what's the next shoe to fall here? if any so if we see these, you know big global banks at risk smaller regional banks in the us, they still aren't in the clear what? ...
Federal reserve through the discount window. the peak of the '08 crisis, banks were borrowing a bit over $100 billion. as of yesterday, they had borrowed $153 billion, more than they had at the peak of the financial crisis. doesn't mean we are in a banking crisis, it means we have a fragile and volatile system that the fed has to worry about, as you heard in tom costello's runup. the other thing is inflation. back in february when the fed last had its meeting, it was running at 3%, these dark blue bars. we divide inflation between overall inflation and what we call core, where we take out food...