Greenspan says banks need much more capital

Thanks for the info, I had been looking for that since Monday but couldn’t find it, I guess because they just released it yesterday. I’ll take a look at it during the weekend.

 

Unfortunately the banks will be next hit with commercial real estate loan defaults at alarming levels in 2009 (could become one of the "next" big economic stories by February 2009). The big boys know this is just beyond the headlights, so I can see why greenie is trying to get more cash out ahead of the next twist in the road.

 

Thanks for posting this.

I need to learn how to read this. I have taken accounting in college, and can read the standard corporate balance sheets (asset / liability), but I don't understand the FED's balance sheet.

Is there a link to a website that can teach me how to read this?

Thanks in advance

 

The table shows aggregate reserves for the Federal Reserve member commercial banks, not for the Fed itself.

If the reserves are not borrowed, the banks own the money = capital.