Rebirth 79: I opened a bank in the United States

Chapter 1 Small Banks on the Brink of Bankruptcy
Southern United States, Georgia.

A Ford Mustang GT sports car was whistling on the not-so-wide country road, attracting the attention of surrounding vehicles.Especially for cars with children in the rear row, the rear windows were rolled down almost uniformly. The children looked at this blue muscle sports car excitedly with envy in their eyes.

With the popularity of the movie "The Iron King", the Mustang GT, which contributed the most exciting car chase scene in the film, has become a well-deserved "Dream car" in people's minds these days. In the boys' room, there is even more There are posters of this car all over the place.

It is no exaggeration to say that if you drive this car on the road, you will definitely become the most beautiful boy on the whole gai!

At the same time, our pretty boy Heng did not feel the pleasure of becoming a hipster in the American countryside at all. Instead, he held the steering wheel with a sad face and drove this muscle monster forward numbly.
"Hehehe..hehehehe.hehehehe"

Liang Ziheng and Yi Liheng turned their heads and exhaled a puff of smoke.Looking at the face reflected in the rearview mirror with three-dimensional facial features as sharp as a knife, and the eyes as bright as sapphires, he smirked like a fool.

Just wear it well when time travelling, why do you dress like a foreigner? !

Originally, it’s okay to dress up as a foreigner. Even when I first heard that the unlucky child’s father had a heart attack and hiccupped fart, leaving behind only a blond wife with big waves and two girls, one boy and three children, Yi Liheng was still a little happy.

No way, who made this unfold, it's almost the same as the European and American butter I played with in my previous life? !The result was good, and before the tragic and joyous ethical drama began, a legacy fell over.

A little-known country bank that is so numerous in the United States is still the kind that is about to go bankrupt.This was a hot potato, after the old women in the family looked at each other, they unceremoniously helped Yi Liheng who was still on the hospital bed, took his hand and pressed a bright red handprint.

Just like that, in a daze, Liang Ziheng became a member of the glorious Bank of America family. What a fart!
"Carter. I mean, Mr. Black, have you thought about how to deal with these people in front of you?"

Passing through the crowd in front of the Black Bank, pretty boy Heng, no, it should be said that Carter Black walked quickly to the wooden stairs leading to the second floor, behind him was a meticulously dressed man in a suit and tie.

Walking into the office that belonged to him just two days ago, Carter sat down on the wooden boss chair with foam cushions, and fell back a little bored.At the same time, he opened his mouth and said:

"Uncle Goodman, do those people outside want to withdraw money?"

"Yes. You should know that during this period of time, the economy has been sluggish. After Mr. Black passed away, they no longer rest assured to put their money in the bank. Especially, the prices outside have risen too much now. This morning's The bakeries are up three cents."

"I don't care if the price of your bread has risen or not. I just need to know how many of them are regular deposits and how many are demand deposits! If they want to take away the demand deposits, let them withdraw and deposit the regular deposits. But if it's not due, let them go back and wait!"

Carter frowned, the fact seemed to be much more serious than he expected.

Yesterday, I just listened to the report from Goodman on the phone, and knew that the situation of Daddy Cheap's bank was not optimistic, but who would have thought that someone would block the door today? !

"That's it, Carter, you know, we're just a small bank. Eighty percent of our customers are demand deposits, and the bad debt rate is getting higher and higher. We still have at least $[-] in short-term loans. Without recovery, we could be declaring bankruptcy immediately once fully paid.”

bad debt bad debt
Carter stared at the 1979 calendar displayed on the wall, and muttered silently.

Faced with this situation, Carter just wanted to scold him for being a badass!

The dog days of stagflation have been going on for almost ten years, and this fucking Fed is still increasing money supply.This kind of operation is just like the "stagflation" in the market today, which is a veritable mental retardation!
Economic growth is slow and inflation remains high.Is this something that can be saved simply by increasing the currency supply?If you want to stimulate economic development, you can't play like this, right?
The amount of money is greater than the market supply, and any high school student will know that doing so is useless except to continue to push up inflation.What makes Carter even more disgusting is that this stupid operation of the US government means that Mao has to pay for it himself? !
"How many certificates of deposit do we have? Especially long-term certificates of deposit."

Suppressing his emotions, Carter continued to ask.Complaints are complaints, problems always have to be solved, and Carter doesn't want to be reduced to a member of the homeless on the streets of the United States as soon as he crosses.

"A total of 329 certificates of deposit, but only 78 long-term ones, and the most recent ones are three years later. There are a total of 12 US dollars, and the rest are basically deposits that will be paid within one to two years, with a total of 67 U.S. dollars. Among them, there are ten recent deposit certificates, which will expire next month, and the principal and interest need to be paid to the customer for a total of [-] U.S. dollars."

As a professional manager, Goodman managed the account data in the bank very safely.After hearing Carter's inquiry, he reported it without thinking.

"How much money do we have now? How much has been loaned out, and how much can we recover?"

Picking up a pen to write down the data on the notebook in front of him, Carter continued to ask.

"There is still a cash reserve of 128 million US dollars in the bank, which is 128 million US dollars to be precise. There are currently 133 loans with a total principal of 182 million, but ten of them have been basically determined to be bad debts , involving a principal of 22 U.S. dollars. Now if the demand deposits are opened for full redemption, 210 million U.S. dollars will have to be sent out, and we don’t have enough money in our account now.”

Goodman is, as always, a ruthless counting machine.And the ruthless counting machine, after bursting out this series of unoptimistic data, finally couldn't hold back, and said with a sad face.

A total of 310 million US dollars, 182 million in loans and 22 in bad debts, then only 288 million is left. After removing the demand deposit of 210 million, only 78 can be used to repay the future long-term deposit of 79.

From the optimized and idealized theory, it is all liabilities, but it is replaced by reality. Let alone the problem that the current cash reserves are not enough to cover all the current accounts, just talk about people eating horse chews, water and electricity insurance, etc. during these times, It's completely like a dying struggle before being on the verge of bankruptcy.

Carter seemed to know a little bit why Yuanshen's cheap dad had a heart attack and belched.

"No, knowing that the economy is in a recession, why did you put out so many loans?!"

It's not that Carter doesn't understand financial leverage, nor is it that Carter doesn't know that banks should find ways to make money by lending.But it is clear that the economic environment is not good, and you have not collected funds to prevent accidents. When the peers are not very willing to dismantle the funds, use your own principal to release more than half of the loan
This is also a mentally retarded operation that is too obsessed!
(End of this chapter)