Biden under intense pressure from Democrats to drop out of election against Trump

Welcome. Thank you, Mark [Wynne], for the introduction. I’m excited to be here with you all today and to welcome you to the Dallas Fed. This week’s conference will focus on how banks fund their activities. Funding is a basic aspect of banking, and it particularly comes into focus during stress episodes, such as the one we experienced last year. Funding models can also influence the diversity and competitiveness of the banking system over time, and in my remarks today, I’m going to spotlight those considerations. I’m so pleased that our friends at the Atlanta Fed collaborated with us to organize and host this conference, including my colleague President Raphael Bostic, who will speak tomorrow. I’m delighted to be joined by so many distinguished banking and policy leaders, including Federal Reserve Gov. Michelle Bowman, who will give keynote remarks at dinner this evening; Agustin Carstens, general manager of the Bank for International Settlements, who will give tomorrow’s opening keynote; and my colleague Mary Daly, president of the San Francisco Fed, who will participate in a fireside chat this afternoon. And I’m thrilled to bring together industry, policymaker and academic perspectives for this important conversation. The importance of bank funding post: FED’S LOGAN: 250K FDIC INSURANCE CAP MAY BE TOO LOW GIVEN SVB EXPERIENCE, SYSTEMIC RISK EXCEPTION, GROWTH IN ECONOMY SINCE LAST UPDATE #banking #FederalReserve

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2024. The next release, which will report on data for June 2024, is scheduled ...