News for hackers. Stuff that matters.
Re:FDIC Takes over Silicon Valley Bank by nulbyte on Friday March 10, 2023 @07:56PM (#35103734)
That's not confusing, it's just wrong.

On my balance sheet, money I deposit is an asset: The bank owes me.

On the bank's balance sheet, money I deposit is a liability: The bank owes me.

Re:FDIC Takes over Silicon Valley Bank by patmorgan23 on Friday March 10, 2023 @11:29PM (#35105345)
Your deposit creates an equal asset and liability on the bank's balance sheet remember assets = liability + equity must balance.
Re:FDIC Takes over Silicon Valley Bank by nulbyte on Saturday March 11, 2023 @11:26AM (#35109750)
Deposits are liabilities to the bank's customers. The cash the bank has, regardless of how it got it, is an asset. The cash may result from a customer making a deposit, but its still just cash. Deposits and cash are separate items on the balance sheet. Here is an example from the Fed:

https://www.federalreserve.gov/releases/h8/current/

Note that cash is a single line item. The banks could get that from other sources, such as loan repayments.