The Banking System Is Healing | Dan Siciliano & Michael Ericson
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. \n\nAt 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!\n--\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n--\nUse code FG20 to get 20% off Blockworks\u2019 Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london\n--\nTimestamps:\n(00:00) Introduction\n(01:09) What Is The FHLB?\n(04:12) Strength Of The Banking System\n(17:27) Does The FHLB Have Credit Risk?\n(28:04) The Collapse Of SVB\n(37:24) Role Of The FHLB vs The Fed\n(47:05) Bank Credit Worthiness\n(01:03:40) Lessons Learned From The March Bank Panic\n(01:08:48) Silvergate Bank\n(01:16:02) Silicon Valley Bank\n(01:19:50) Operational Expenses Of The FHLB\n--\nDisclaimer: 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.