Banking in uncertain times
Mentioned in the article, Chart 7 from an FDIC report [1] is concerning, specifically that currently there are “unrealized losses on available–for–sale and held–to–maturity securities totaled $620 billion” — which appears to be not only a recent trend, but roughly 10x more than any point in recent history, including during 2008.<p>Is anyone able to provide more context and clarify how significant these losses are to the US banking system beyond what’s covered in the article?<p>[1] <a href="https:&#x2F;&#x2F;www.fdic.gov&#x2F;news&#x2F;speeches&#x2F;2023&#x2F;spfeb2823.html?ref=bits-about-money" rel="nofollow">https:&#x2F;&#x2F;www.fdic.gov&#x2F;news&#x2F;speeches&#x2F;2023&#x2F;spfeb2823.html?ref=b...</a><p>_________________<p>EDIT: For the unfamiliar, OP article’s author is a notable user on HN:<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;user?id=patio11" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;user?id=patio11</a>