Wed 03/15/2023 11:41 AM
Relevant Documents:
2022 10-KRegulatory Capital Disclosures 2022
In the face of angst over depositor uncertainty and against an asset base heavily weighted toward residential mortgages, First Republic, in conjunction with the Federal Reserve and JPMorgan, took actions to increase liquidity to “more than $70 billion.” In addition, First Republic would have access to liquidity under the new
Bank Term Funding Program, or BTFP. However, since 69% of First Republic’s held-to-maturity securities...
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