A look at 4 banks, "All is well"

[Jeff Tumbarello]

I spent some time going thru the financials. I wish I had not.

Citigroup

http://www.quote.com/us/stocks/financials.action?page=bash&sym=C

*(Values in millions of $.)

Cash & Due from Banks 29,028.00 <--- cash on hand and at Fed
Total Deposits 774,185.00

3.7 percent coverage, meaning in a bank run, above 3.8 percent is out of money

Does the fed and the FDIC have $745.157 Billion Dollars to pump into CITI?
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http://www.quote.com/us/stocks/financials.action?sym=WFC&page=bash&period=q
WELLS FARGO & CO NEW (WFC)
3.6 percent coverage of cash to deposits
Cash & Due from Banks 12,861.00
Total Deposits 353,574.00

Does the fed and FDIC have $340.713 Billion?

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http://www.quote.com/us/stocks/financials.action?page=bash&sym=BAC
BANK OF AMERICA CORPORATION (BAC)
Cash & Due from Banks 32,857.00
Total Deposits 882,997.00
3.7 percent coverage
Does the Fed have $850.140 Billion?
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JPMORGAN & CHASE & CO (JPM)
http://www.quote.com/us/stocks/financials.action?page=bash&sym=JPM
Cash & Due from Banks 26,895.00
Total Deposits 1,009,277.00
2.6 Percent Cash Coverage.
Does the Fed and the FDIC have $982.382 Billion
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While I doubt the banks will have a run of that sort, Imagine if it did.......

That is 2.9 Trillion Dollars that they really do not have. That is why they are too big to fail. per guidelines, they should have been taken down already.

This is fixable, with bold action, without bold action









:wink: :wink: :cry: