• 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.

Continue Reading: Banking System Update