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- 21:57U.S. Treasury: Total value of foreign securities held by the end of 2024 is $15.8 trillionJinse Finance reported that the U.S. Department of the Treasury has released preliminary data from its annual survey of U.S. holdings of foreign securities portfolios as of the end of 2024. The survey shows that as of the end of 2024, the total value of U.S. holdings of foreign securities was approximately $15.8 trillion, including $12.1 trillion in foreign equities, $3.3 trillion in foreign long-term bonds (original maturity over one year), and $0.4 trillion in foreign short-term bonds. In the previous survey as of the end of 2023, the total value of U.S. holdings of foreign securities was $15.3 trillion, including $11.5 trillion in foreign equities, $3.4 trillion in foreign long-term bonds, and $0.4 trillion in foreign short-term bonds.
- 20:57Circle has no plans to issue a Korean won stablecoin.According to Jinse Finance, over the past week, Circle President Heath Tarbert visited South Korea and held meetings with the Bank of Korea as well as the country's four major commercial banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank). Multiple media outlets reported that Circle has no intention of participating in the issuance of a Korean won stablecoin. Mr. Tarbert's goal was to explore how banks can utilize their USDC token.
- 20:36The Federal Reserve finalizes new capital requirements for major banks, Morgan Stanley files for reconsiderationJinse Finance reported that the Federal Reserve announced on Friday that it has finalized new capital levels for the largest U.S. banks following June's stress tests, but added that Morgan Stanley (MS.N) is seeking a reassessment of its soon-to-be-effective capital level. The new capital requirements will take effect on October 1. If the Federal Reserve adopts a proposal currently under review, which would average the results of two years of stress tests, the requirements will be updated. Based on the annual large bank financial stress tests, the Federal Reserve assesses how banks would perform under hypothetical adverse economic scenarios and sets their capital buffer levels accordingly. Morgan Stanley is requesting a reconsideration of its results, and the Federal Reserve will announce its decision by the end of September.