Monday, April 1, 2013

More than $114 billion exited the biggest U.S. banks first week of 2013...

More than $114 billion exited the biggest U.S. banks this month, and nobody’s quite sure why.  - BusinessWeek.

The Federal Reserve releases data on the assets and liabilities of commercial banks every Friday. The most current figures, covering the first full week of 2013, show the largest one-week withdrawals since the Sept. 11, 2001, attacks. Even when seasonally adjusted, the level drops to $52.8 billion—still the third-highest amount on record, and one for which bank experts and analysts were reluctant to give a definitive explanation.

 Hint…this is NOT april fools…

How much cash was withdrawn after seeing the JPM Whale spectacle last month or Cyprus? If people have continued to withdraw at an accelerated rate for the other 12 weeks this year...Jamie DEMON, Lloyd BlankFIEND and BEN are going to have some difficulty with their portfolio’s...

Of course the Federal Reserve does not want to talk about this…this is called a cash shortage and loss of confidence in "Three Card Monte" qualifying as banking, QE qualifying as capitalism/employment enhancement and a "sanitation services" guy with a degree running the charade…

I wonder just how much money was withdrawn, also likely for "some unknown reason" from Banco Santander, Unicredit, Society General, Dexia or “Three Card Monte" de Peschi in Italy…I am guessing we will find out soon…Apparently, depositors don’t really like leverage hungry derivatives junkies with a regulator who will not think twice about running roughshod over them…these institutions might need to start coming up with some redundancy plans soon…

Here is a list of the top 50 banks that need to be watched…and closely:

RankBankCountryTotal Assets, US$b *Balance Sheet
1Deutsche BankGermany2,809.8930/09/2012
2Mitsubishi UFJ Financial GroupJapan2,803.4230/09/2012
3Industrial & Commercial Bank of ChinaChina2,763.5930/09/2012
4HSBC HoldingsUK2,721.0630/09/2012
5Barclays PLCUK2,584.3030/09/2012
6BNP ParibasFrance2,562.9930/09/2012
7Japan Post BankJapan2,513.2130/09/2012
8JPMorgan Chase & Co.USA2,321.2830/09/2012
9Credit Agricole SAFrance2,317.1230/06/2012
10Royal Bank of Scotland GroupUK2,225.1430/09/2012
11Bank of AmericaUSA2,168.0230/09/2012
12Mizuho Financial GroupJapan2,123.3230/09/2012
13China Construction Bank CorporationChina2,115.3530/09/2012
14Agricultural Bank of ChinaChina2,078.0330/09/2012
15Bank of ChinaChina2,027.4130/09/2012
16Citigroup IncUSA1,931.3530/09/2012
17Sumitomo Mitsui Financial GroupJapan1,788.2330/09/2012
18Banco SantanderSpain1,672.1130/09/2012
19Societe GeneraleFrance1,647.5130/09/2012
20ING GroupNetherlands1,604.5730/09/2012
21Groupe BPCEFrance1,531.0830/09/2012
22Lloyds Banking GroupUK1,529.1230/09/2012
24Wells FargoUSA1,374.7230/09/2012
25UniCredit S.p.A.Italy1,245.9530/09/2012
26Credit Suisse GroupSwitzerland1,088.6030/09/2012
27China Development BankChina994.68531/12/2011
28Rabobank GroupNetherlands991.07530/06/2012
29Norinchukin BankJapan949.66730/09/2012
30Goldman SachsUSA949.47530/09/2012
31Nordea BankSweden914.05630/09/2012
33Intesa SanpaoloItaly859.64330/09/2012
34Royal Bank of CanadaCanada838.21631/07/2012
35BBVA (Banco Bilbao Vizcaya Argentaria)Spain829.79430/09/2012
36Bank of CommunicationsChina823.03330/09/2012
37Toronto-Dominion BankCanada819.80231/07/2012
38National Australia BankAustralia791.89930/09/2012
39Morgan StanleyUSA764.98530/09/2012
40Commonwealth Bank of AustraliaAustralia745.34530/06/2012
42Westpac Banking CorporationAustralia700.44730/09/2012
43Bank of Nova Scotia (Scotiabank)Canada681.20331/07/2012
44Australia and New Zealand Banking GroupAustralia666.37030/09/2012
45KfW BankengruppeGermany665.81830/09/2012
46Standard CharteredUK624.43130/06/2012
47Danske Bank GroupDenmark620.71030/09/2012
48Bank of Montreal (BMO)Canada551.34031/07/2012
49Banco do Brasil S.A.Brazil544.63130/09/2012
51DZ BankGermany523.02530/06/2012
52Banque Federative du Credit Mutuel (BFCM Group)France494.72330/06/2012
53Landesbank Baden-Wurttemberg (LBBW)Germany474.13430/09/2012
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