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Nervous on banks?
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<blockquote data-quote="bacha29" data-source="post: 5855625" data-attributes="member: 58386"><p>You're correct . It was Signature Bank in Silicon Valley. It's my understanding that as long as the total assets they held stayed under a certain level which I believe and don't quote me 50 million the formula under Dodd Frank which determined how much in cash reserves they had to maintain was fairly easy to maintain. But when their assets exceeded 50 million which came about to a certain degree by it's acquisitions an entirely different formula was in play in order to establish cash reserves that was much more stringent than it is for sub 50 million banks.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5855625, member: 58386"] You're correct . It was Signature Bank in Silicon Valley. It's my understanding that as long as the total assets they held stayed under a certain level which I believe and don't quote me 50 million the formula under Dodd Frank which determined how much in cash reserves they had to maintain was fairly easy to maintain. But when their assets exceeded 50 million which came about to a certain degree by it's acquisitions an entirely different formula was in play in order to establish cash reserves that was much more stringent than it is for sub 50 million banks. [/QUOTE]
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