The Number of Financial Institutions Issuing Brokered CDs Temporarily Declines The number of institutions issuing brokered CDs grew significantly in 2018 and 2019. Banks, savings institutions, and credit unions rose from a plateau of 961 in 2017 and increased to a peak of 1,356 in the 2nd quarter of 2019. The…
For years, brokers, investment advisors, consultants, and others, relied on the Depository Trust and Clearing Corporation (DTCC) to provide monthly balances of qualifying brokered CDs. Since 2014, however, the level of brokered CDs under $250,000 computed by IDC Financial Publishing (IDCFP) as part of brokered deposits, continues to outpace the…
Balances in Insured Sweep Accounts Increase by Only $1.4 Billion, Compared to a Rise of $91 Billion in the First Quarter As a broker, would you be interested to learn about new banks or credit unions as potential issuers of brokered CDs to capitalize on this forecast? Would it be helpful…
In the first quarter of 2020, total brokered deposits with CUSIPs less than $250,000 decreased to $405 billion from $443 billion the previous quarter. However, the number of banks with these brokered CDs that are ranked below investment grade by IDC Financial Publishing (IDCFP), rose to 39 from 35 last…
IDC Financial Publishing (IDCFP) measures relative profitability of bank holding companies by comparing the IDCFP real return on tangible equity (NOPAT ROE) to our definition of the cost of equity (COE). Margin between ROE and COE (included in the “M” in IDCFP’s unique CAMEL analysis) is a key measure of management.…
