Is your bank on the list?

Meet the 171 Banks for Which the Margin of Failure Is One Thousand Dollars
by Tyler Durden

At this point the majority of the population is transfixed by the biggest borrowers from the discount window. Yes, we know by now that the bulk of these were foreign banks, primarily Dexia and Depfa, but that is simply because only Bank Holding Companies, or depository institutions (and yes, last we checked Goldman deposit branches are still sorely missing), are allowed discount window access. Keep in mind that most banks were Investment Banks and not under the BHC umbrella until after the Lehman collapse. Which is why most banks only had access to the PDCF, which is how the Fed eliminated the loophole for emergency liquidity trickling down to everyone. The majority of US investment banks therefore accessed Fed rescue funding via the PDCF, of which JPMorgan and BofNY Mellon were intermediaries due to their position as the only two tri-party repo clearers and keymasters of the shadow banking mechanism. A quick glance at the PDCF confirms that all banks, pre their conversion to Bank Holdings Companies in the week following Lehman's failure, borrowed from the Fed, if not necessarily from the Discount Window (and yes, as Bob Ivry confirmed, Goldman did borrow directly from the Discount Window on at least five occasions post its "depository status" conversion despite Gary Cohn's perjury to the contrary even as Goldman repeatedly dipped in the PDCF both before and after Lehman's failure, even setting the precedent of first pledging defaulted bonds as collateral before any other solvent bank). Yet what we are more concerned by is not the mega borrowings: after all, it makes sense that if you need tens of billions you will go to the Fed. We are far more concerned by the banks for whom the marginal amount of cash was smallest. Below we present the 171 banks that had to access the Discount Window for the paltry sum of $1,000.00. That's right - these are the banks for whom the margin of failure is as low as one thousand dollars. Any readers who have cash deposited with these banks (many of whom have not yet been visited by the FDIC's Failure Friday phenomenon), are urged to immediately remove all funds and run, Forrest, run.

The banks in question:

1St Source Bk
Albany B&Tc Na
Alpha B&Tc
Ameriana Bk Sb
American Eagle Bk
American Nb
Ameristate Bk
Andrew Johnson Bk
Atlantic Coast Bk
Banco Popular N Amer
Bank Of Alpena
Bank Of Dudley
Bank Of Elmwood
Bank Of Fl Se
Bank Of Fl Sw
Bank Of Fl Tampa Bay
Bank Of Hiawassee
Bank Of Marin
Bank Of Miami Na
Bankeast
Bb&T Fncl Fsb
Belmont B&Tc
Benjamin Franklin Bk
Beverly B&Tc Na
Boone Cty Bk
Byron Bk
Capital One Bk Usa Na
Capital One Na
Cedar Rapids B&Tc
Centier Bk
Central Il Bk
Central St Bk
Chain Bridge Bk Na
Chesapeake Bk
Citizens & Farmers Bk
Citizens Bk
Citizens Cmrc Nb
Citizens Nb
Citizens St Bk

See the whole list here:
http://www.lewrockwell.com/rep2/171-banks-margin-of-failure.html