Thursday, May 30, 2019

FDIC Quarterly Banking Review Q1

Solid report out link to .pdf here.

The aggregate net income for the 5,362 FDIC-insured commercial banks and savings institutions totaled $60.7 billion in first quarter 2019, an increase of $4.9 billion (8.7 percent) from a year ago. 
During the three months ended March 31, equity capital of $2.1 trillion rose by $36.9 billion (1.8 percent). 
Retained earnings in first quarter 2019 totaled $22.1 billion and dividends paid rose to $38.6 billion, an increase of $7.9 billion (25.9 percent). 
Total assets increased by $147 billion (0.8 percent) during the first quarter.

They are increasing retained earnings by about a $85b annual rate which will enable an increase in risk assets (loans) of about $600b. ($85b/0.14 Risk-based Capital Ratio)

Mike has the leading Treasury net withdrawals up $219.5 bln over last year and growing at 6.97% YoY creating necessary growth in incomes to enable this pretty decent growth in credit.