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Four Too Big To Fail Banks Set Multi-Year Highs

Construction and Development Loans rose by $3.6 billion in the third quarter to $206.1 billion. This is a sign that community banks are beginning to be less stingy to homebuilders and developers. This portion of CRE lending is up 1.8% sequentially, but is still down 2.0% year over year.

Home Equity Loans declined by $10.9 billion in the third quarter despite the continued rise in home values. In my judgment this asset category continues to contain noncurrent loans. Home equity loans are down 2.1% sequentially and 8.9% year over year.

Total Real Estate Loans declined by $11.8 billion in the third quarter to $3.66 trillion as write-offs exceed new lending.

Insured Deposits increased by $3 billion to $5.97 trillion in the third quarter despite extremely low CD rates.

Notional Amount of Derivatives rose by $6.39 trillion in the third quarter up 2.7% sequentially and 5.9% year over year. This continues to be a concern as the larger banks continue to increase leverage when they should be decreasing these exposures.

Reserves for Losses declined by $6.5 billion to $142.6 billion in the third quarter down 4.3% sequentially and down 14.6% year over year.

Noncurrent Loans declined by $18.3 billion to $221.1 billion in the third quarter down 7.7% sequentially and down 24.6% year over year.

Other Real Estate Owned declined by $792 million to $31.8 billion in the third quarter down 2.4% sequentially and down 22.5% year over year.

Stock quotes in this article: BAC, C, JPM, WFC 

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