{"title": "Federal Reserve Staff Focus on Financial Sector Leverage and Analyze Banking Risks", "body": "According to Jinshi Data, Federal Reserve staff pointed out that the leverage ratio of the financial sector is worth monitoring. In the banking sector, the holding of liquid assets remains high, and the risk-based regulatory capital ratios show that the banking system has the capacity to absorb losses. However, in the third quarter, due to rising long-term interest rates, the fair value of banks' long-term fixed-rate assets (including loans) declined. Hedge fund leverage remains above historical averages, especially for large funds. Financing risks are also quite significant. The reliance on uninsured deposits has generally decreased, but remains high for certain banks, with an increase in short-term non-deposit financing."}