Assets: Ties well worth on the $29 mil; funds with a face value of around $173 mil but a market worth of on the $150 billion; dollars of approximately $fifteen million; other activities worth on the $nine billion; having all in all, on $227 million at pre-price bookkeeping thinking however, merely $204 billion regarding real worth.
Liabilities: Deposits of around $ninety five billion, where $5 million came from JPMorgan and you may $twenty five million originated in several almost every other big financial institutions, who lay their cash towards the Earliest Republic from inside the age out-of regular depositors. Throughout the $93 million from brief-title borrowings in the Government Reserve (dismiss screen and you may Bank Name Money Program). People about three liabilities – in order to depositors, with the FHLB, into Fed – really need to be distributed back, and they add to on the $213 mil. Earliest Republic had more obligations, also a little less than just $1 mil regarding subordinated bonds, but why don’t we forget about those.
Assets: JPMorgan purchased all of the finance and you may securities, marking them within its market value, on $29 billion into the ties and $150 million into the loans
Equity: The ebook value of Earliest Republic’s security yesterday are something such as $11 billion, and on $4 mil out-of preferred stock. The real property value their security are bad, though; their full property from $204 million, at market price, had been below brand new $213 million it due so you’re able to depositors, new Provided together with FHLB, never ever mind their almost every other financial institutions.Is, around, how marketing worked:
JPMorgan abandoned certain possessions, even in the event, mainly the newest $15 mil of cash and throughout the $4 million from other activities
In addition, it bought $5 mil regarding most other possessions. Continue reading