JP Morgan and Wells Fargo cut excess reserves at the Fed at a faster pace than the average across the banking sector in the nine months to March 2018.
JP Morgan, Citigroup, and Wells Fargo include a breakdown of their high-quality liquid assets (HQLA) for meeting the liquidity coverage ratio (LCR) in their quarterly statutory disclosures. Excess reserves earmarked as HQLA have dropped by $69.45 billion in total, or 9.77%, across the three banks since the third quarter of 2017.
Wells Fargo c
The week on Risk.net, September 8-14, 2018Receive this by email