Comment: Yes. Revealing footnotes. $1.1 Trillion line-of-credit balance.

(See in situ)


Yes. Revealing footnotes. $1.1 Trillion line-of-credit balance.

Yes, I have passing recollection of the chart & footnotes to which you refer. Thank you. Yes, I do look at articles, footnotes & all... seeking high adventure.

Don't bother contorting yourself into a position that looks like you're defending a bank cartel. Might hurt yourself. Ain't worth it.

That chart & those two related footnotes you mentioned were seldom reported. Curious world. Those that got Fed loans, whether summing up many short term loans into slathers of cash... $16 trillion, or slithering by with a mere $1.1 trillion line-of-credit balance, they somehow managed to spend the Fed's gracious line-of-credit. Why & who got these secret loans is a troubling matter. Again, thank you for mentioning those footnotes.

Now that you mention your interest in footnotes....

$2 Quadrillion footnote about 55 Water Street flooding DTCC Submitted by Mark Twain, 12/01/2012

2011 (as reported in DTCC footnotes in 2012):

"Through multiple operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize, and standardize the processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2011, DTCC’s subsidiaries processed securities transactions valued at approximately US $1.7 quadrillion. Its depository provides custody and asset servicing for securities issues from 122 countries and territories valued at US $39.5 trillion. DTCC’s global OTC derivatives trade repositories record more than US $500 trillion in gross notional value of transactions made worldwide across multiple asset classes."

Thank you for the important historic references you provide to our DailyPaul readers. Whether I over-stand or under-stand, I certainly enjoy your writing. Twas a pleasure crossing paths. Please take care.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul