This week, Michael Ericson President of the Chicago Federal Home Loan Bank & Dan Siciliano Chair of the Council of FHLBs and independent director of the San Francisco FHLB join the show for a discussion on the current health of the banking system.
At the end of the year in 2023, 9 months after the March banking panic, Dan & Michael make a case that the U.S banking system if more healthy & stale than earlier this year. We deep dive into the collapse of SVB, how the FHLB operates & what to expect looking ahead to 2024. To hear all this & more, you'll have to tune in!
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Timestamps:
(00:00) Introduction
(01:09) What Is The FHLB?
(04:12) Strength Of The Banking System
(17:27) Does The FHLB Have Credit Risk?
(28:04) The Collapse Of SVB
(37:24) Role Of The FHLB vs The Fed
(47:05) Bank Credit Worthiness
(01:03:40) Lessons Learned From The March Bank Panic
(01:08:48) Silvergate Bank
(01:16:02) Silicon Valley Bank
(01:19:50) Operational Expenses Of The FHLB
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
