Banking in Uncertain Times

Not gonna lie, I feel like I've been reading this like a Rudin book, going back and over each paragraph again.

This is probably the companion report to have on hand while reading: https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/...

In particular

* Chart 8. Number and Assets of Banks on the "Problem Bank List"

* (Chart 13.) Unrealized Gains (Losses) on Investment Securities

Sadly, "Results are published approximately 55 days after the end of each quarter (i.e., 55 days after March 31, June 30, September 30, and December 31)." So there's nothing super new. Bit it strikes me that Chart 13 is going bonkers on unrealized losses, but Chart 8 isn't quite matching the same (assets in problem banks, and # of problem banks is going down since rate hikes??).

Really wanna see that number for 2023Q1. But the quote

> about a quarter of all equity in the banking sector has been vaporized by one line item.

Struck me as pretty wild.