US banks tiptoe back to least liquid assets for HQLAs
Goldman and Wells Fargo drive rebound on Level 2A holdings after two-year retreat
Several major US banks more than doubled their holdings of less liquid Level 2A assets in their high-quality liquid asset (HQLA) portfolios at the end of 2024, marking a reversal after two years of decline.
Goldman Sachs increased its Level 2A holdings – which include certain government securities, covered bonds and corporate debt securities – to $10 billion in Q4 2024, up from $4.1 billion the previous quarter. This surpassed the bank’s previous peak of $8.3 billion set in Q3 2019.
Wells Fargo
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