Changes in the Balance sheets of the Large Banks in 2024 🚨

Assets (+) 
⚪️C&I Loans: ⬆️ $12 Billion 
🔵Real Estate Loans:⬇️ $20 Billion 
🟠Securities Assets: ⬆️ $227 Billion 
🟣Consumer Loans: ⬆️ $45 Billion 
🟪 Loans to Non depository FI's: ⬆️ $90 Billion 
🟢Cash Reserves: ⬇️ $198 Billion 
🟩Fed Funds Net Position: ⬆️ $3 Billion 
🩶Trading Assets Net Position: ⬆️$45 Billion 
Total Assets: ⬆️$204 Billion 

Changes in Securities assets accounted for 111% of total increases in Assets in 2024 due to a massive decline in Cash Reserves of $198 Billion.  

The majority of the increases in new Loans in 2024 came from loans to NDFI's and increases in credit card debt.   Real estate loans were negative, and there was a smattering of C&I Loans. 

Liabilities (-)
🔴Borrowings: ⬆️ $9 Billion
🟤Large Time Deposits >$500K: ⬆️ $24 Billion
🟡Liquid Deposits: ⬆️ $156 Billion
⚫️ Owed to Foreign Offices: ⬇️ $74 Billion
Total Liabilities: ⬆️$115 Billion

Large Banks are continuing to Borrow hundreds of Billions of incremental dollars from the market - and at very high interest rates - in order to combat the Fed's QT and the collapse of SVB in 2023 

At the end of the year, the interest the Large Banks are paying on borrowed money an annual basis is still over $40 Billion after 100bps of Rate cuts.