Banking System Update - Implications for Investors

Banking System Update – Implications for Investors

We realize that recent headlines over bank failures have been very unsettling.
Despite the chaos in the media, we are not concerned about the health of the banking system from a depositor perspective.
The Federal Reserve has stated that they will make available funding to all banks to ensure they are able to meet the withdrawal needs of all their depositors.
Large brokerage firms have been provided with ample resources under a newly created government funding program to meet all the liquidity needs of their customers.
These Federal programs make it unnecessary to move money or assets from your bank or brokerage account.
We are comfortable with our individual equity positions in large well-run banks in our stock portfolios, however, poorly capitalized banks may be at risk.