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Atle Willems, CFA
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Atle Willems, CFA, is an equity investor with a long-term view investing in undervalued listed shares with solid operational track records and sensible balance sheets. He holds a master's degree in finance from Nottingham University Business School, a bachelor's degree in business... More
My company:
Liabridge
My blog:
EcPoFi - Economics, Politics, Finance
  • Discount Window Borrowings Of U.S. Banks Hit 5 Year Low As Excess Reserves Remain High  0 comments
    Feb 12, 2013 9:13 AM

    Discount window borrowings for U.S. banks in January 2013 was USD 565 million, the lowest level since February 2008.

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    Of course, with more than USD 1.5 trillion in excess reserves there is little need for borrowings through the discount window.

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    The Fed has certainly succeeded in shoring up their banks, which is, after all, its primary task. At the end of 2007, cash as a percent of total assets for U.S. commercial banks was 3.0%. As of January 2013, the percentage was 13.6%. At the end of 2007, the equity to total asset ratio for the commercial banks was 10.4%. In January 2013 this ratio now stands at 11.4%.

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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Macro View, Banks
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