Steven Kelly

Senior Advisor, @FDICgov. Former director at the Yale Program on Financial Stability. Still an academic at parties.

[Steven Kelly @StevenKelly49]

New paper: "Rushing to Judgement and the Banking Crisis of 2023"

At the two-year anniversary of the crisis, @thejonrose and I present 7 facts that are overlooked in the standard account of the crisis: https://t.co/hRNEOsmzFd

[Steven Kelly @StevenKelly49]

@TealComet For sure. My comment was just regarding financial writing

[Steven Kelly @StevenKelly49]

Alternatively, just say “two.”

Financial writing is replete with “more than half a dozen” (seven), “nearly all ten” (eight? nine?), etc.

If it’s countable, just say the number.

[APStylebook @APStylebook]

The new AP Stylebook, 58th Edition, includes an entry for couple of, which clarifies that it always means two.

[Steven Kelly @StevenKelly49]

If 48 were surveyed, say the number that responded x.

“Nearly two thirds of respondents” is for when 16,784 are surveyed

[Steven Kelly @StevenKelly49]

@ZaringDavid Fed did through SR: https://t.co/awrmQoFzsA

[Steven Kelly @StevenKelly49]

@ZaringDavid Prior rulemaking: https://t.co/1ezLEDVXSc

[Steven Kelly @StevenKelly49]

Winters’s presentation “said AI can reduce the manual work involved in making sure the bank abides by changing regulations—a mammoth task for financial institutions since the 2008-9 crisis.”

[WSJ Markets @WSJmarkets]

Standard Chartered’s CEO touched a nerve when he said his bank would replace “lower-value human capital” with artificial intelligence https://t.co/f701CrKJF4

[Steven Kelly @StevenKelly49]

“A few participants commented on the possibility that the Committee could consider extending the terms of swap lines beyond one year, noting that a longer extension would be beneficial for financial stability.”

[Federal Reserve @federalreserve]

We have posted the minutes from the #FOMC meeting held April 28-29, 2026:   https://t.co/eFNah62zbz

[Steven Kelly @StevenKelly49]

@mdc Lfggggg

[Steven Kelly @StevenKelly49]

“Many primary dealers indicated […] their willingness to use SRPs would increase meaningfully if SRP transactions were centrally cleared.

Respondents also noted that the legally required two-year lagged public disclosure of SRP transactions was a strongly discouraging factor.”

[New York Fed @NewYorkFed]

Today's article highlights results from a recent Desk survey of primary dealers and the Fed’s Senior Financial Officer Survey. The results suggest SRP counterparties willingness to use SRPs has improved recently in response to operational changes and Fed communications. https://t.co/7O9lOq0vJD

[Emil Verner @EmilVerner]

For researchers interested in U.S. banking and finance, we are sharing a new data resource!

It contains information on bank balance sheets, bank runs, and bank failures from the 19th century to the present:

[Steven Kelly @StevenKelly49]

FDIC staff have painstakingly reconstructed the daily deposit outflow data for the runs on SVB, Signature, and First Republic.

Great insights from my colleagues here: https://t.co/sbQAvSIEm5

[Steven Kelly @StevenKelly49]

“I lost a lot of cushions — there is no fudging,” said Sandy Kaul, head of innovation at investment giant Franklin Templeton. “It’s written into the code. I can’t call someone up and say I need five more minutes.”

[Anna Irrera @annairrera]

JPMorgan and other big Wall Street firms are using crypto's underlying technology to transform a key corner of the financial market. (No, not stocks)

I encourage you to click this link and enjoy a session of hypnoblockchaining through the lead graphic.

https://t.co/iBhMreLwQp

[Steven Kelly @StevenKelly49]

@khaslett Right?? Would love to have a similar document for ‘08

[Steven Kelly @StevenKelly49]

Here’s how one former bank employee managed to help the FDIC repo a jet in 1976:

“I’m not really with the Kingston Trio. I’m with the FDIC.”

[The Wall Street Journal @WSJ]

Spirit’s collapse left dozens of bright yellow jets scattered around the country. Picking them up is the job of repo men with a special set of skills. https://t.co/w3lmtWH2iI

[Steven Kelly @StevenKelly49]

@khaslett We truly were born too late

[Steven Kelly @StevenKelly49]

From this collection of stories: https://t.co/ddZulsc4MJ

[Steven Kelly @StevenKelly49]

Me when somewhere that serves espresso says they can't do an americano:
https://t.co/s4Ewo9OpJ2

[Steven Kelly @StevenKelly49]

@JoeWeisenthalt Anyone who says hegemony 🚩🚩🚩

[Steven Kelly @StevenKelly49]

@rachsieg Congrats Rachel!

[Steven Kelly @StevenKelly49]

“some of the funds have opted to sell bonds with shorter maturities to help alleviate their interest burdens”

[Antoine Gara @AntoineGara]

Private credit funds strained as borrowing costs edge higher https://t.co/Q7yEPG5LSs via @ft