Record FDIC cash draw for SVB may affect debt ceiling ‘X date’

(Reuters) – The Federal Deposit Insurance Corp made a record withdrawal of $40 billion on Friday as it scrambled for resources to take over failing Silicon Valley Bank that same day, government data shows, a development that could have implications for how soon the Treasury runs out of operating room under the debt ceiling.

（路透社）——政府数据显示，联邦存款保险公司周五创纪录地提取了 400 亿美元，因为它在同一天争夺资源以接管濒临倒闭的硅谷银行，这一事态发展可能会影响财政部的运转速度在债务上限下走出手术室。

The FDIC withdrawal from the Treasury General Account was many times larger than any previous largest draws, according to data from the Daily Treasury Statement for March 10 released late on Monday.

根据周一晚些时候发布的 3 月 10 日每日财政部声明的数据，fdic 从财政部一般账户中提取的资金比以往任何一次最大的提取都要多很多倍。

Combined with about $13 billion of other federal agency withdrawals on Friday, that left Treasury with just over $208 billion in operating funds at the TGA, which is held at the Federal Reserve. That was down by more than $100 billion from Wednesdays TGA balance, reported by the Fed on Thursday.

再加上周五其他联邦机构约 130 亿美元的提款，财政部在美联储持有的 tga 中拥有超过 2080 亿美元的运营资金。美联储周四报告称，这比周三的 tga 余额减少了 1000 多亿美元。

“The big news … was a $40 billion cash withdrawal by the FDIC, which dragged the Treasurys cash balance far below our day-ahead forecast,” analysts at Wrightson ICAP said Tuesday.

wrightson icap 的分析师周二表示：“重大消息……是 fdic 提取了 400 亿美元的现金，这导致美国国债的现金余额远低于我们日前的预测。”

Should the Treasury not be able to replace that, the “outflow would significantly increase the risk that the ‘X-date’ might arrive in June rather than July,” they said.

他们说，如果财政部无法取代它，“资金外流将大大增加‘x-date’可能在 6 月而不是 7 月到来的风险”。

The so-called “X-date” is the point at which the Treasury exhausts the “extraordinary measures” it has been taking recently to keep paying federal government obligations while Congress and the White House wrangle over whether to lift the $31.4 trillion limit on the U.S. debt.

所谓的“x 日期”是财政部用尽最近为继续支付联邦政府债务而采取的“非常措施”的时间点，而国会和白宫就是否取消 31.4 万亿美元的上限争论不休。美国债务。

The FDIC withdrawal came the same day as Treasury Secretary Janet Yellen warned members of the Republican-controlled House of Representatives that a failure to lift the ceiling that results in a U.S. default would cause “economic and financial collapse.” Republican House members are insisting on large budget cuts and other concessions before agreeing to lift the limit.

在 fdic 退出的同一天，财政部长珍妮特耶伦警告共和党控制的众议院议员，如果未能取消导致美国违约的上限，将导致“经济和金融崩溃”。众议院共和党议员坚持要求大幅削减预算并做出其他让步，然后才同意取消限制。

Shortly after delivering that warning, Silicon Valley was taken over by the FDIC, and Yellen, alongside officials at the Fed, FDIC and other bank regulators, spent the weekend arranging emergency measures to prevent the failure of the No. 16 U.S. bank from triggering a wider financial crisis.

在发出这一警告后不久，硅谷就被 fdic 接管，耶伦与美联储、fdic 和其他银行监管机构的官员一起在周末安排了紧急措施，以防止美国第 16 大银行的倒闭引发一场危机。更广泛的金融危机。

Wrightsons analysts said there remains enormous uncertainty around when the X-date will arrive.

wrightsons 分析师表示，x-date 何时到来仍存在巨大的不确定性。

“Our basic debt ceiling outlook has not yet changed in light of Fridays unprecedented FDIC outlay, but it could shift by the end of the week as more details become available,” they said.

“鉴于 fdic 周五前所未有的支出，我们的基本债务上限前景尚未改变，但随着更多细节的出现，它可能会在本周末发生变化，”他们表示。

(Reporting By Dan Burns, Editing by Nick Zieminski)

（丹·伯恩斯报道，尼克·齐明斯基编辑）