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    <lastmod>2026-03-29</lastmod>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdf794db-cf96-485e-b65c-34f1ee6792c3/Brown+%26+Brown.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/8c408fd9-0013-489b-9e61-e8e6f9ef960e/Reativ.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/64ad5be6-fe99-47aa-ad0a-01fb369aac31/Back+Pic.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f4dc8b4c-015b-4782-8660-db04e8bf9de7/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>FedNow Payment Volumes Have Stabilized</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f7541e5e-caf5-475c-8fc6-6494f9c722bb/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>FedWire Volumes Edged Higher Last Year</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a7ed72f8-7825-4702-8a2f-3814c5de90ef/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>T-Bills Account For 83% of Treasury Issuance</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5cadd9de-8df3-4c72-b8b8-bd6b953bb7aa/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Fed’s SOMA Portfolio Shrinking Relative To GDP</image:caption>
    </image:image>
    <image:image>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>SOFR Volumes Tripled Since LIBOR’s Retirement</image:caption>
    </image:image>
    <image:image>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>MMFs Have Outgrown Deposits Since 2023</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/facc2d53-82ce-42a6-aa38-1fe972f20fe2/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Noninterest Deposit Balances Stabilized Last Year</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bcfa5d50-d7b7-45b6-ae2d-19128ec47ada/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Banks Struggle With Home Mortgage Originations</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c7bdc2f3-9c73-4bb7-85b6-5224a26a5dc3/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Non-Banks Driving Home Mortgages</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/122cd6b2-b9e3-4890-b71d-e8ea56542334/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE LAND OF MAKE-BELIEVE - Make it stand out</image:title>
      <image:caption>Leading Market Unknowns</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/february2026</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-03-25</lastmod>
    <image:image>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3e16d715-e06c-4ecf-b745-cd7f0b25d3bf/RJO+Updated.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ace3486a-b574-4dd0-adf1-051fe6addf16/Investor+1500x500+Newsletter+V1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b43cf072-5a90-4c12-8742-d49e54944a18/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Figure 1: Distribution of All Commercial Banks Under $10 Billion Total Assets, AOCI as a % of Tier 1 Capital: YE 2025</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/0b5065b5-be5d-4284-a3b1-a123ab822502/R%26T-Bank+Treasury+Newsletter-1500x2000-Banner+Ad-11.2025-FINAL.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c1b66511-7345-4b45-a11b-d58eb5a85243/275F92A0-C8DD-4C7B-912B-CA9A5ACAF690.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdf794db-cf96-485e-b65c-34f1ee6792c3/Brown+%26+Brown.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f5b8f840-8836-48fa-91a5-6d6138ec44d1/Figure+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Figure 2: Reserve Demand Elasticity</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1859a097-8a98-4369-af39-1fd126ab52e3/new+pic+26+elephants.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b696f242-fc28-465b-a652-f1e9dd31fcba/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Long Climb Left To Get Out Of Negative AOCI</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d20e1a5c-1395-428d-94cc-356555619736/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>QE3?</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b1ca88e0-d6cc-4d8e-bb33-875a0e38e7f8/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Fed Ramps Up Its T-Bill Holdings</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a333ed53-6ca6-477b-957f-eeeddb395404/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>T-Bills Are Replacing Agency MBS Run-Off</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/68fe0e6c-141e-47e9-865d-f26b972ce7f4/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Basic Accounting: Higher Cash = Higher SOMA</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/0df9be4f-0abc-496f-8a28-84b52eb8ce99/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Treasury Is Holding More Cash In Checking</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f1eedd47-3eef-41d4-8ba8-9eae5406ae62/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Negative Remittances Add To Reserve Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/10126929-d5cf-48d9-8f6c-d5b5f8e48077/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>TGA Puts Downward Pressure On Reserves</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5d43db43-1247-4da5-a042-6c0fad9ae2b0/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>Interest Rate Uncertainty Flattens 2s-10s</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a9da60f4-6845-4d2d-aac7-312b00a41f96/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS OUT OF AFRICA - Make it stand out</image:title>
      <image:caption>3-Month-5-Year Back To Inverted Territory</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/january2026</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-02-22</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/82c598f1-bb01-4c7a-bc73-2c6e5a132722/Front+Pic.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3e16d715-e06c-4ecf-b745-cd7f0b25d3bf/RJO+Updated.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ace3486a-b574-4dd0-adf1-051fe6addf16/Investor+1500x500+Newsletter+V1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/0b5065b5-be5d-4284-a3b1-a123ab822502/R%26T-Bank+Treasury+Newsletter-1500x2000-Banner+Ad-11.2025-FINAL.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1f121de8-9b32-4d30-bc50-cea6944bb797/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Figure 1: Percent of Americans Who View Federal Agencies Favorably, Unfavorably, Or Don't Know</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c1b66511-7345-4b45-a11b-d58eb5a85243/275F92A0-C8DD-4C7B-912B-CA9A5ACAF690.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdf794db-cf96-485e-b65c-34f1ee6792c3/Brown+%26+Brown.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5a7e8176-5119-46f6-a0a4-131740681fd0/Back+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/da811b97-fce0-4b55-997e-347388bb709e/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Regulators Want To Lower The CBLR To 8%</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/30ed47d1-7ec0-4483-8c74-08e68a391dbb/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Large Banks Are Buying Treasurys…</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4e288c6a-d3de-4cb1-87a0-76817277752b/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>…While Small Banks Are Adding Agency MBS</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5be1c740-7ba8-4354-abf8-e3ee01efcd4e/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Bond Portfolio Book Yields Are Still Underwater</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c69fcb7f-69f8-4a91-8770-52770a80a90c/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Home Ownership Trends Are Stagnating</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c8cd9d5f-60d8-4389-84bb-42b354f17edf/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Home Prices Are Still Soaring</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/260956a3-d8ec-4fa8-ae50-0ecf77ff5ef4/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>Homeowners Can Afford To Pay Their Mortgages</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/cfdc67f5-ecfb-4427-8150-03b9ed63de41/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>People Are Less Inclined To Move</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f5a601fe-05ad-497d-95ea-f45901116001/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>It Is Taking Longer To Sell A Home</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/af55c592-609d-4ac7-9a90-9a5b26600312/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN ENDTIMES: SEASON TWO - Make it stand out</image:title>
      <image:caption>It Is Taking Longer To Rent An Apartment</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/december2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-12-29</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/de64d7cb-d3c7-4eb5-8dcb-1d8a4a18c18c/Front+Pic.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3e16d715-e06c-4ecf-b745-cd7f0b25d3bf/RJO+Updated.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ace3486a-b574-4dd0-adf1-051fe6addf16/Investor+1500x500+Newsletter+V1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/0b5065b5-be5d-4284-a3b1-a123ab822502/R%26T-Bank+Treasury+Newsletter-1500x2000-Banner+Ad-11.2025-FINAL.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdf794db-cf96-485e-b65c-34f1ee6792c3/Brown+%26+Brown.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3ebd70e0-a1cd-46c2-8490-358443710ee0/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Figure 1: NASDAQ Global AI and Big Data Index</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6dca46f1-e0ee-4cea-ab6c-88ceb53270f9/Back+Pic.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/da16dcd5-9fe1-4666-b56d-e652170603f4/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>What Worries You Most About AI?</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5169ad61-90da-4047-acb8-7e4651fdbc57/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>AI Use Cases For Central Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/7e957e85-ea83-4033-a412-c4a473071e53/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Jury Is Still Out On AI</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/68d39a5f-7d08-4437-b88c-0c61ec621837/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>AI Strains Power Supplies And Raises Costs</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/cfe977de-45fd-4440-b2fb-2143d7b36565/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>AI More Successful Than The PC 40 Years Ago</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/29fd348d-0a53-436c-be84-2d59942e8638/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>Top AI Use Cases</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/555a7f51-c981-46ef-b6e6-3cf0fa16fc2d/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>AI Saves Time</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1d83af01-db09-4c65-b3fd-dfb2e038f422/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>AI-Powered Prosperity</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/dcd2df08-35a8-4be4-9d04-5400a8fe643b/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>What’s Pushing You?</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/005ede22-4710-4afb-8451-a8133a8d5c37/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE AGE OF AI - Make it stand out</image:title>
      <image:caption>What’s Stopping You?</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/november2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-12-11</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5865c601-af40-4fbb-b127-6991e31db06a/Front+Pic.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3e16d715-e06c-4ecf-b745-cd7f0b25d3bf/RJO+Updated.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ace3486a-b574-4dd0-adf1-051fe6addf16/Investor+1500x500+Newsletter+V1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a31b5c81-f5a8-457e-9599-bffa1e0d905c/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Figure 1: Standing Repo Facility ($ Billions)</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdf794db-cf96-485e-b65c-34f1ee6792c3/Brown+%26+Brown.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e39265d6-5ee5-4775-9748-aaf106022788/Back+Pic.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/35a6a816-4f85-4845-a138-dd7c4e5ad84c/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Losing Money Making Pennies And Nickels</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/dd7fb8a8-f8c6-47d1-81a5-6edea44acc97/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Penny Production Costs Skyrocketed Last Year</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d1eda396-674f-405b-a399-be238ccc1f2f/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Pennies and Nickels Are A Drag On Seigniorage</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b5f60040-0e0f-4f07-9c91-c42b4b989c2e/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>The Dirty Truth No One Admits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d9aabc18-95b1-4813-bab4-910d67a7cebb/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Remembering Piggy</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/80681b1a-6cc1-4be2-b10d-4848358d597c/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Banks Have Limited Capacity For More Treasurys</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5916a528-2a3e-40e6-80fd-3f0ff781da65/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Bond Holdings: Still Digging Out</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6b6336be-eaaf-4c93-be87-3d5637a09df4/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Repo Stress Increasing</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/15c05e18-5273-4a88-b651-17c5b001a305/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Delivery Fails Elevated</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3a9fe696-be17-4b4f-9cb4-00a2d558ed87/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE THANKFUL FOR PENNIES - Make it stand out</image:title>
      <image:caption>Shutdown Leaves TGA Up, Reserves Down</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/october2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-11-15</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/45936f4e-1be0-4188-a57f-9f564e76f1c9/Front+Pic.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3e16d715-e06c-4ecf-b745-cd7f0b25d3bf/RJO+Updated.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ccd09e9b-c94b-4f12-92ef-fe0829d7dfe2/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Figure 1: Domestic Deposits Annual Growth Rate</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ace3486a-b574-4dd0-adf1-051fe6addf16/Investor+1500x500+Newsletter+V1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9fc4b69f-0fde-43e7-a33d-e733657d54dd/Figure+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Figure 2: Latest Fed Dot Plot</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdf794db-cf96-485e-b65c-34f1ee6792c3/Brown+%26+Brown.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/039011cb-3ac3-4fef-be7c-2a41c3fdcdb4/Back+Pic.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d11ea0bd-b8c5-4c46-a8cb-67e269a22501/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>NDFI Lending Volumes Go Exponential</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d69c5c2a-e355-4e45-bed1-5a733032efd2/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>C&amp;I Loan Demand Slows</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/675427ac-1fd3-4c1e-a0b1-d094127b8178/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Employment Participation Fully Recovered</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/04a8fdc4-c331-4be7-a6c3-cbe52f32c992/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Household Savings Mix Shifts From Bank Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/783bda39-bdda-497f-b434-013b3d782f58/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Inflation Expectations Remain Unchanged</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c4b52c15-2be9-46d0-9146-47270e199ae0/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Outstanding Repos Up Nearly 60% Last 12 Months</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3df2dc94-2a1a-4640-8c49-6727c34eda2e/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Financial System Stress Remains Normal</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2996bee6-cfb0-4689-9681-441d1b4fdb9b/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Probability Of A Recession Down</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/156a2c45-90b8-49df-9d1d-c8953b4c545c/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Consumer Delinquencies Continue To Normalize</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2e5b20b4-ba67-4741-b4e9-898f25029d31/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS TRY TO CONNECT THE DOTS - Make it stand out</image:title>
      <image:caption>Corporate Defaults Hold Near 20-Year Lows</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/september2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-10-24</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e0eeb2cf-cdab-489a-a9c2-1778d8888da2/Front+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3e16d715-e06c-4ecf-b745-cd7f0b25d3bf/RJO+Updated.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/019f87c0-594b-44c6-a05b-9795ad0ba994/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Figure 1. Insured Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ace3486a-b574-4dd0-adf1-051fe6addf16/Investor+1500x500+Newsletter+V1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d800c037-1349-4f64-8655-f9a6faa6a0c8/Figure+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Figure 2. Home Values Versus Mortgage-Indebtedness</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdf794db-cf96-485e-b65c-34f1ee6792c3/Brown+%26+Brown.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/16d80aca-194d-4417-be2d-d3b30c0ee7f1/Back+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d435369a-593c-4154-843a-c542f23b8c07/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Most of the Time, Failures Are Rare</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6206ae69-3740-4db1-ade1-f2a94bbb9a88/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>FDIC Insurance Loss Negative Provisions Continue</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/773bd772-ada2-4ebb-9c69-ff79d5988fe7/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>DIF At Record Levels</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1e8e4da9-4ba0-4098-af0f-d6ee6875f399/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Large Depositors Return To Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/aa659224-4bfb-4a8c-a922-2b90b53d4a29/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Uninsured Deposits Grow Since SVB’s Failure</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/7b60025f-43eb-4864-8ff5-1188c1500397/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Money Market Funds Grow Since SVB</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9ec33849-7d5f-4546-90ec-ef0e0cd00486/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Insured Deposits Are Worth The Deposit Insurance</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/64a6bed2-1ba7-4a80-98bf-5736045513bb/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>US Deposit Insurance Cap Versus Other Systems</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/0ffc487a-a16b-4e06-9313-51cc94670613/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Most Banks Pay Just BPs For Deposit Insurance</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9d6ea65d-e6a9-4cd5-b757-841eae5fa0c2/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS NEED BETTER DEPOSIT INSURANCE - Make it stand out</image:title>
      <image:caption>Large Banks Pay Basis Points For Deposit Insurance</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/august2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-09-22</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4f7094a4-4a07-4de4-a192-82d4e63cb605/Front+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ace3486a-b574-4dd0-adf1-051fe6addf16/Investor+1500x500+Newsletter+V1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/66b31fa7-f91c-40cb-9518-3c7f835a5afa/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Figure 1. Federal Reserve Float</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdf794db-cf96-485e-b65c-34f1ee6792c3/Brown+%26+Brown.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/fac8e571-c1a9-4870-b7c8-5f3231f7c577/Back+pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/21899b95-ca73-4aed-85bc-c062d85eec07/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Real Rates Head Lower As Inflation Edges Up</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/fab5fede-35c7-4f17-8f63-1abcdde29c8a/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>No Relief In Sight For Underwater Bond Portfolios</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/396cf218-8813-4e95-8478-78d31ab809a7/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>MBS Accounts For All The Pain</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/42379ad3-6ceb-4690-813b-6f901a6ae36d/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Capital Exposure Improving But Still Massive</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c2602168-4ae1-40fe-8b26-a6b157e2ce88/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Asset Mix Continues Tilting Away From Bonds</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/8a624115-9a43-4d9a-b770-84b0cac129e6/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Net Interest Margin Back To Pre-Pandemic</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/dc0c848d-519c-495a-8887-6bc0985196d4/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Depositors Continue Adding Time Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d5b56dcc-71e7-4d31-b54f-2a095055b1ec/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Demand Deposit Trends Flatten</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/75fdaeb8-9466-49a8-96d5-959227c4bcd1/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Borrowings May Have Found A Floor</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e79cdb03-6f3d-4103-96fa-16e11b80fe69/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS CAN’T FLOAT FOREVER - Make it stand out</image:title>
      <image:caption>Hedging Activity Up In Q2 2025</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/july2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-08-22</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d462caf8-9bfe-4c74-9946-5ba8896d6abc/Front+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ace3486a-b574-4dd0-adf1-051fe6addf16/Investor+1500x500+Newsletter+V1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6a38eb1c-e82f-457c-9c9b-6f80d42f6206/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/8f337765-419f-4687-9dfc-a14d3527fa20/Back+pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/33db2a5d-1606-4ae7-88cd-9d7aeca77cb9/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>US Economy Powered By Cash</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ebaa052b-744f-4c44-90a9-e43eaccf3fa5/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Bitcoin GENIUS Rally</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2ed7e0d1-0895-40d5-a1eb-45619ced3d6d/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>FedNow Takes Off</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/99ae2bf1-3b0d-4f35-9c8e-a801cfb1c796/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>FedNow Payments Soared Last Quarter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4db7592e-32b7-4294-8a8f-7bc725f5ec3e/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Fed’s MBS Bleeding Off Below Its Monthly Cap</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3ef358a1-acc7-447c-b250-11bd05ed961f/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Will Banks Buy More Treasurys If SLR Gets “Fixed?”</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ff9ec8b0-ba27-4905-a751-e3b174534f47/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>TGA Volatility: A Post GFC Phenomenon</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3dfdd1c1-86a1-4b01-b129-bc61ca9c45dc/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Loan Growth And Deposit Growth In Synch</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/cfad4ed7-f804-49c4-9757-647186572d6f/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>C&amp;I Loans Feel Animal Spirits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2739f775-55c4-4e05-ac79-94d5c2864654/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS FOLLOW THE MONEY - Make it stand out</image:title>
      <image:caption>Discretionary Spending Slower Since 2022</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/june2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-06-29</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ed8d2e62-5356-4ac2-a074-9786e4d4003b/Front+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c0b240a9-e388-437d-b902-ead4e128afcf/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Figure 1:Total Assets: Large Domestic Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f00ce263-4279-42bc-8d17-19d83bdaf0ad/Back+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e1442fd9-be2c-4c17-9825-620d2a740a03/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>More Red Ink: The Fed’s IOU To The Treasury</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/0f65ad45-1122-49a2-8b4d-292e0ee1b79d/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>IORB’s Contribution To Interest Income Shrinks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/82909ef7-ac02-4545-9616-1409b9c5cfb6/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Shift From Reserve Deposits Already Underway</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d344e56d-b924-47a8-91ea-e64e11777554/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Foreign Banks Increase Reserve Holdings</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/7d023677-9d43-4e2e-809e-70cbc9dab09a/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>MMFs Reach New Record</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2b4185b5-fc58-44b5-9c02-37a692df04ee/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Home Prices Finally Cool Off</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/62fa7901-9fea-472d-91a8-460deae70568/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Mortgage Spreads Widen Amid Fed Uncertainty</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c9f1fd4-3b23-4b5c-b80b-4d473f407123/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Auto Loan Securitization Drives Issuance Surge</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/cd20955a-389d-4f9d-ad08-5ad7002af282/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Banks March Away From Resi Mortgage Market</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/297125e4-a6bf-4620-94f9-9180581d2b3c/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER CARTER - Make it stand out</image:title>
      <image:caption>Hedging Activity Up Amidst Uncertainty</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/april2025-njp5l</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-06-26</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/333143df-91cc-49e6-be17-6c750826e9dc/front+pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ce25368f-3cd1-4738-bb9e-d80b250135ff/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Figure 1: Implied Volatility of 10-Year Swap Rates</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/aa70717a-ef94-491c-93d2-b0a885f54453/Figure+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Figure 2: Total Loans Held By Foreign Branches and Agencies, Percent of Total Loans</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/7c49599c-d9c0-4269-a905-fc90156bea86/Figure+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Figure 3: Reserve Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/57338dc5-a195-421a-b212-1e700279353c/Figure+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Figure 4: Interest Rate Products Not Used For Trading, Notional Principal</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9199dd4d-45ad-4264-89a6-cac3525f4b48/Figure+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Figure 5: Gold Bullion ($s per Contract)</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d8a0503c-c17e-497d-8323-955ec4230f82/Figure+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Figure 6: Currency in Circulation</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3eeeaff1-dd0f-4629-aea8-db1564218786/Back+pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ea685ad6-fe65-4280-b203-d6f0278e29a4/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Bank NIMs Recover</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/354bbb46-975e-4efa-827e-0d58e3ed68d3/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Bond Portfolio Fair Value Impairment Worsens</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d8819a0f-5bd9-454e-830c-dcb9d807ee36/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Hedging Soars With Eris SOFR Swap Futures</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1235c033-b3c2-40f5-a0ed-47875a3c4a28/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Credit Continues Climbing Back To Norm</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/71a83f57-2091-480c-9d09-03c5b4f3ae6e/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Home Values Reach Higher</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d3583128-47b0-450d-9ac0-fe60967dc9fd/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Banks Back to Safe and Sound</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/526c4099-eb18-42de-9f06-bbe88d409010/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Bank Supervisors To Get Chopped</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6a4bc454-3f68-43e9-9a46-e80133e29f1f/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Fed Funds Inelasticity Remains Unchanged</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2cdae887-57d7-4412-a522-14212e0ad787/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>What’s In Your Wallet?</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b8b016c3-2a5a-46c2-a744-a343387af7ef/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WORRY A LOT - Make it stand out</image:title>
      <image:caption>Cash Users Hate Dealing With Banks</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/april2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-05-25</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5a2e1a8f-e9fb-45eb-98a8-1c64d69220be/Front+Pic.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9eead09e-a5ce-41f8-b7d1-1ea090063147/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Figure 1: Cash Assets, Percent Total Assets, All Commercial Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/144525b1-3e51-49a7-9b2d-bb49924fb1ad/Back+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6a988b8c-7dc5-49d7-bda8-802fa96dce57/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Fed Funds Rate Direction Unknown</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/fdb8a225-edc7-480d-8d13-9f7db7ab078c/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Yield Curve Tell Different Stories</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e3728600-85ed-4d0a-9b88-0b2faf4bdfaf/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Consumer Time Deposit Funding Gets Cheaper</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/81cc99fe-605f-46ad-9bd2-a9f857699c88/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>C&amp;I Loan Growth Flattens Out</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f54ebcd6-b201-4ebe-8906-13ad62ff7858/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Bank Balance Sheet Liquidity Stable</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bc92d00d-d69d-444c-9be5-8c174139d87b/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>FedNow Takes Off</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/be796333-a6f3-4a75-9269-b65506190599/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Most Payment Activity Runs Through FedWire</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/99ec29ae-b75c-4392-adc8-5b56e7b44c79/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>US Dollar Sells Off This Month</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/59280ccb-ef0a-46ee-adf8-6d10042f6dce/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>World Trade: A Lot To Lose</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a7eac82a-ef6e-4112-b82b-a99e08613341/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ATTEND A PASSOVER SEDER - Make it stand out</image:title>
      <image:caption>Uncertainty Index Hit A Record</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/march2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-04-24</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d923001b-3579-459e-82c8-2e86fbeb02db/Front+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/8b8cbff3-d708-4cf0-a494-0a38cb03a7a8/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Figure 1: Organizations Using AI in at Least 1 Business Function</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5135c9c7-5835-4674-a142-2be4bcee7d9a/straterix.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/be6ff14f-7060-40e2-9504-62a403af67a6/Back+Pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c9d59ef4-da13-4cf2-b1a9-1c2683a79cd3/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Average Institution’s FTE Headcount Flattens</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/da65c2c7-f987-4599-80f9-4e9605ace1c4/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Problem Banks Not Much Of A Problem</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/54a302e5-2c9c-42c3-a63e-f0bb14e818ab/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>FHLB Membership Composition Shifts To Credit Unions</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f616eb1c-d578-4cc1-b630-92c8184748d2/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Banks Peaked Out On Brokered Last Year</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/aa73b6b2-9982-42ab-a24a-82fe66e72d11/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Individuals: 4th Largest Treasury Investor Group</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3194cf54-f8f0-4f04-9c52-da0bd3f21608/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Growing Treasury Supply Tsunami</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/08906c32-259c-4fbf-823a-bdcb0ed9a6d7/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>RRP And TGA Floored Out</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6f3e7d57-37ab-4460-8601-943011f356f9/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Fed Finally Breaks Even</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/78442a25-9be2-4c2b-a16a-3159c149b3c0/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Home Prices Move Ever Higher</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2593a7b5-a601-4b4c-b71a-dec0ad49da7c/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS INTERVIEW JAY AI - Make it stand out</image:title>
      <image:caption>Crypto Risk-Off Trade Stabilizes For Now</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/february2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-03-20</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/afa077f6-a3bc-4966-983b-b2b07eb3b34d/front+pic.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/514c361b-a16c-4a9f-9dcd-f1bb49784f94/Fig+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Figure 1: C&amp;I Annual % Loan Growth</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1b882e60-ff65-453a-bb0b-fcc910bcf3d4/Back+pic.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6d0cb5eb-13a6-4ec4-a4df-06ed452bf83a/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Regional Bank Stocks Are Holding Up</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2ff1ea71-cb71-47fe-913f-589494fb87c6/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Bond Portfolio Unrealized Losses Climb</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e515b406-0320-4b27-bf40-0368b8bbe0e8/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Capital Impaired By Unrealized Bond Losses</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a04994f1-0588-4180-8e16-9cfff3b99caa/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Mortgage Exposure Dragging On NIM</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3b616e56-9dba-4668-84ef-5188c621a2c7/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>NIM Leveling Off</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/dc05835d-e7d7-420f-9862-251687483366/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Net Free Funding Gives NIM Huge Assist</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/70fb7742-7caa-46d3-82f2-32350051c338/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Deposit Beta Sensitivity Stabilized</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d2b90243-266c-4905-b54e-11bb209f3062/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Use of Reciprocal Deposits Still Climbing Post SVB</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/593c94da-f570-4ffb-ac15-235bd2bc4816/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Banks Are Holding Back Paying Down Advances</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a8e5a72e-1614-475f-8ea9-91faa4b4734f/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER ZENO - Make it stand out</image:title>
      <image:caption>Do The Largest Banks Really Need More Capital?</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/january2025</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-02-26</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ac93ef95-942c-49ed-9692-b016474b079b/Front+image.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/50682650-9a9d-43bb-b4da-8836cb97b4fe/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Figure 1: Rate Cuts Sent the Front end Down, and the Back end Up</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/32a7afed-ed67-42ca-815b-7078bf15cdbe/Figure+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Figure 2: The Fed Tries to Stimulate the Economy and Respond to Covid</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/08bf8249-8dfe-46b9-84fa-276079427b35/Figure+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Figure 3: The Fed Responds to the Global Financial Crisis</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2cfbbd68-b753-4b57-9b1c-a5df4e3ac2af/Figure+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Figure 4: The Fed Responds to the Dot.Com Boom, Y2K and 9-11</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/591dde7b-6c54-4381-b1e6-91bfe04170f3/Figure+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Figure 5: Fed Tries to Stimulate Economic Growth in The Mid-80s</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/049c5ab8-484b-4de0-a1b1-3e4e92c84bad/Figure+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Figure 6: The Fed Responds to The Late-80s Early 90s Bank Crisis</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bd049c0b-d015-4c2f-8d89-16e52a2ababe/back+image.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/8711a4f0-4aa4-4bea-8b2f-71f83d2741e7/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>SOMA’s Fading Relevance</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a099cf82-4256-412a-9c7c-9b19b4044aed/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Foreign Holders Own $8.6 Trillion Treasurys</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/aebacc88-323a-4c9d-9fa2-af6f8132fb46/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>SOMA Versus Other Major Treasury Investors</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/afe603b0-dc8d-4f88-84de-d582aabfa35b/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Banks Moving Out of Consumer Mortgages</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/dcd131c6-9e59-4380-a9ec-7fa2c8902db4/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Is Stress Building in the Payment System?</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/10e2e790-2ac6-4aee-857c-3014af6cdfe5/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>FedWire Traffic Soars</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/47283886-6452-4e1b-8ead-e4d1541f6fe7/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Best Time in 5 Years To Go Long</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/7139a115-9847-4b31-94af-5361cdb7ecf7/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Greatest Risks To The Financial System in 2025</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/7437f911-447a-4991-8a8e-26ce65571585/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Market Participants Bullish on Bonds</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/86be7dad-dd85-4956-97d2-5877cabd729d/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE FED UP - Make it stand out</image:title>
      <image:caption>Rate Cut Probabilities Sink</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/december2024</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-01-24</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/efcb3d69-0d43-480a-8528-99e53a4718b8/Newsletter+front+image.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/78eb835f-6a31-4296-b1eb-0c387e7421fc/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Figure 1: Mergers and De Novo Commercial Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e6e0943b-cf0f-4751-98b8-eb275f9856e2/Newsletter+back+image.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9a52e031-410f-4bb3-9802-c17e5ede915a/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Return to a Positive Slope</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/44d7a725-317c-4534-aeef-98e7e268a7fe/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Historically Steepest Yield Curves</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a02d67dd-996c-4437-91a9-126009d18c63/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Repo Market Pressures Seem To Be Increasing</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/df9a0922-3e25-4e73-a33e-e4de961c69d7/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Abundant Reserves Exceed Paper Money</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1d779e81-787f-444c-b39b-7b3ba5ae8fd9/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>MMFs Grew At The Expense Of Bank Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a2fdc8b5-556b-438a-9e54-64b08deb0e10/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>FDIC Supervising Shrinking Pool Of Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/085e125a-10df-4fbb-8a21-e9dc1096b668/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>State-Chartered Banks Outnumber OCC Banks…</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2554be27-2737-491b-9a8b-93c49756403d/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>…But OCC Supervises Twice As Many Bank Assets</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f4bfcfdc-d958-45e9-b6d1-7e8d4b493925/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Credit Unions Buy Out More Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/916bcdad-a9c5-4695-8a64-5d3d3438656e/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ROLL OUT THE BARREL - Make it stand out</image:title>
      <image:caption>Investors Still Have Little Appetite For De Novo</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/november2024</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-11-29</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eda76ba9-1733-481e-92c0-78f77bbd8ce5/new+front+pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/826fed38-ab34-41ad-9240-180e70b42c90/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Figure 1: 5-Year SOFR Spread</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/19e06652-6682-4540-b7f4-bf156bfb23eb/Back+pic.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2f77c1a3-029f-401f-8f3c-5fc7729f2962/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Fair Value Losses Recede</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/64e9dbcc-8e88-446a-8ee1-8ec9c1728512/new+slide+2+for+web.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Bond Restructuring Cumulative Cost=$27 Billion</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/81957324-a18b-4187-9ee8-7b2b6953cc5e/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Bond Portfolios Remain Deeply Impaired</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07c23730-2277-472c-9b95-5066a32f4ef2/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>MBS Book Yields Still Yield Less Than Fed Funds</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/fec95534-ebdf-4382-ae4b-22eef0c30e20/the+newest+slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Deposit Grow Well Below 50-Year Average</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1a4eaa1e-d63c-47de-9bdf-51a27bcfc020/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Brokered Deposit Mix Climbed To 14-Year High</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/685050cc-66e6-4cbe-96b0-0b11dd14ede9/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Banks Hold On To Advances</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a322dc2c-86d9-45c9-98b6-6078bbbd02d6/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Demand Deposit Funding Marginally Lower</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/882962a5-8913-4871-93f5-7af035f03085/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>NIM Trends Point Lower</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/de247e74-655c-4338-ba20-8dccbd9c6a91/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN THE DESOLATE WILDERNESS - Make it stand out</image:title>
      <image:caption>Banking Consolidation Continues</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/october2024</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-11-24</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2dfc1206-b944-4459-8dc6-a8807da13093/front+cover.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/19341117-bcdf-474d-b81a-47093133410d/SOFR.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Figure 1: SOFR</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/27d6339a-c7e3-4bb2-81c2-0fbadefb1f5f/c+and+i.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Figure 2: Commercial and Industrial Loan Growth</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a763c976-172e-4fcc-a82d-b0b08b047c0e/effr-cost+of+funds.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Figure 3: Effective Fed Funds Rate Less Cost of Funding, All Commercial Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5ca40027-f376-474f-a6fd-a897b1827b32/29604270b3c18860a617aa9161638ce3.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/422bc153-65cf-4ac7-ae0f-a75ee11a3e29/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Real GDP Growth Comes In For A Landing</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/60edf13d-e2f1-49ef-81d0-a76acf081f6b/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Business Lending and GDP Growth Since WW2</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bdb4aef1-bad9-4a5c-bd24-3b437326dff6/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Banks Grew Bonds and Loans In Lock-Step</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4789a818-8fb4-4f5e-9dd9-b8b76a34557c/New+Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Bank Deposits Flatten While Money Markets Surge</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e7f0354c-1dd9-4b75-9c20-690dc5bcd782/New+Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Banks Sold Bonds To Pay Down BTFP</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9083fb44-f61a-4e21-b2b4-3648577c63a1/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>GSIBs Held 54% of Total Reserve Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/22cd74b3-6068-4859-a61c-59064a969e6a/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Treasurys Drove Fixed Income Issuance</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/7cf99f02-3acf-4e58-bd38-ebd528f72ba4/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Treasury Share of Fixed Income Grew</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/195b06be-6ac7-45ba-8da1-85a031a7b74b/New+Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Dealers Cut Treasury Positions Over The Summer</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6be23ec2-b0d9-4c34-96b8-6cc882b98bb4/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT 20 - Make it stand out</image:title>
      <image:caption>Sponsored Repo Volumes Spiked Over Month-End</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/september2024</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-10-28</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4f3f4259-66a6-426c-a746-cb8dba538f1e/front+pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/41fca240-4d1f-4f78-9d24-49d9f7fb34e8/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Figure 1: Yield on an Average Commercial Bank's MBS Portfolio Compared to the Current 15-Year Mortgage Rate</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6ad81181-72d2-4455-b928-091a8d59e534/Figure+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Figure 2: Book Yield on an Average Bank-Owned MBS Portfolio Less Effective Fed Funds Rate</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1ce66f40-a91c-4841-9844-7f894d36ca71/Figure+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Figure 3: Tangible Common Equity Ratio</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/02d728ef-c8d1-4417-8a75-c2d4d54d2b3a/Hedgehog.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ef4e7e3d-b953-4ab7-b4ef-a1cd8a8c8c8b/back+pic.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/cdd8c675-ce53-4721-a412-ceb375af71b4/Slide+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Most Unrealized Losses Extend To Maturity</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9cc2df24-8309-41ea-8b46-029cd6a2ea1d/Slide+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Mortgage Rates Edge Lower</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/68b18ae4-d792-417a-a679-0248c88d3218/Slide+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>MBS Book Yields Negatively Accretive To NIM</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/73b90fdb-aa8b-4df6-b7a0-88e6770b6865/Slide+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Unrealized MTM Losses Stretch Funding Stability</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/45385d4c-9180-4ec8-b5e9-eeb9b5fa19f9/Slide+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Deposits Are Growing As SOMA Keeps Shrinking</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/22f38bff-2826-4643-8c1f-7678b67914b1/Slide+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Rates Cuts To Help Reverse Negative Remittances</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d95d031b-1110-48e0-aa6a-14a56b824329/Slide+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Deposit Costs Have Peaked</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bfe9422b-22e4-489b-bbde-78c82c5a0392/Slide+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Front-End Remains Inverted</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/113de9df-a033-4e30-8675-ea664154006a/Slide+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Yield Curve’s Return to Normal</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f4848588-baf8-4dbf-9c16-af6824c860ce/Slide+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REPLACE THEIR OUTDOOR GRILL - Make it stand out</image:title>
      <image:caption>Regional Bank Stocks Continue Climb Higher</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/july2024-wcpt5-f46jr</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-08-27</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d1538f9a-5100-417f-a67c-df3f0f944046/banker+with+no+cash.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/edab9c43-0ccb-42f2-b078-9dc75b692d0a/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Figure 1: Secured Cross-Currency Bank Loans to Hedge Funds</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b9cb0c5d-cf0e-40a0-8607-8cebc72a039c/Figure+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Figure 2: Effective Fed Funds Rate Minus Median Consumer Price Index</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/dff4dabd-463d-46e1-bdb7-baa47d7b972e/Figure+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Figure 3: Civilian Unemployment Rate</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c0acbe88-1bb0-4a03-8f12-8941080d8a8a/yen.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Figure 4: Yen-Peso Currency Swap Futures Contract</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9a721017-6feb-461a-9cf6-db4982309093/Figure+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Figure 5: 3-Month-5-Year Spread</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a1cfecf3-26c4-48a3-804e-638324900440/vault.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2005e9c4-37a8-44d5-8dc0-4e9d78f1b9a7/Chart+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Nonfarm Payrolls Crushed Bank Stocks This Month</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/0f6dea35-3030-4317-af6a-91117beb578f/Chart+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Weakest Loan Growth During A Fed Pause</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6d2ab3ef-20f1-462b-b460-41956e08c20f/Chart+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Banking Industry Has Never Been Stronger</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a3ed9e80-a97b-4e0c-983b-b7fcbe146f77/brokered.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>How Big An Issue Are Brokered Deposits?</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3ed75264-2bf8-47d5-ae48-2cce8efc6328/Chart+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Most of the Uninsured Have Not Returned</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/454c7c5d-fc50-42dd-b674-2956292afc89/Chart+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>U.S. Corporate Funding: More Bonds, Less Loans</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9d686e48-32c9-4b0b-94e7-7e3b1d4a5109/Chart+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Reversal of Fortune: Yen Versus U.S. Dollar</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f760e96d-5477-4bfe-98ab-7a810be10ce4/Chart+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>America’s Saving Rate Remains Elevated</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b83fa779-ba5f-4c51-8354-feefb11bdd1c/Chart+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Demographics Can Influence Economic Fortunes</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6d3e2cc1-8ddc-4b9d-bb2b-91692d1645e2/Chart+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T CARRY CASH - Make it stand out</image:title>
      <image:caption>Paper Currency Demand Hits Bottom</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/july2024</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-08-25</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ada741f0-98c5-457e-8269-f7093b181e29/FRONT+PIC.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/eb8eb11d-2af1-4754-94b0-be80749495ac/Strengthen+Your+Bank+Ad_1500x2000.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/aff79c10-773c-45ab-9a48-69f39ac673bc/Figure+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Figure 1: Investment In Repo: All Commercial Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/dd478f08-fc92-4dba-a424-d7a4435c43d9/Figure+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Figure 2: General Collater Repo and SOFR</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/78539777-5076-4764-836c-cac8d4db8f22/Figure+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Figure 3: Spread Between 99th and 1st Percentile SOFR</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/42ad4a5b-cd51-4f0b-b334-ecf255cedf15/AdobeStock_97618497.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/983eb1c6-67db-4351-8acb-a18b065a7eb9/Chart+1.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Provision Expense Rate Runs Higher Provision Expense, % of Average Loans and Leases, All Commercial Banks, Sources: Call Reports, FIS FedFis LLC, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e7966b8c-6758-43a6-bd68-78fddf705dc8/Chart+2.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Credit Risk Remains Benign Noncurrent Loans and Leases, % of Total Loans and Leases, Sources: Quarterly Banking Profile, FDIC, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/cbf668aa-4795-43f7-b344-8d15771bc16a/Chart+4.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Office Vacancy Fallout From Work From Home U.S. Office Vacancy Rate, Sources: Colliers International, Statista.com, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/f581a607-d4cd-4c20-85a1-d107eef6e801/Chart+3.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Cap Rates Hit Property Loan-to-Value Noncurrent Loans Secured by Multifamily Residential Property, % of Total Multifamily Loans, Sources: Quarterly Banking Profile, FDIC, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d8d6ad2f-3759-4036-9f3d-0dd5eba6fd7a/Chart+5.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Economy Less Of A Factor For Credit Approval Number of Domestic Banks that Tightened and Reported that a less Favorable Economic Outlook was a Very Important Reason, Sources: Senior Officer Opinion Survey on Bank Lending Practices, Federal Reserve, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/384f2c67-96c8-48e7-84d3-4e76df9538ad/Chart+6.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Treasury Outstandings Climb To Over $24 Trillion Net Pct. of Domestic Banks Reporting Increased Number of Inquiries for C&amp;I Loans, Sources: Senior Officer Opinion Survey on Bank Lending Practices, Federal Reserve, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9b90e9a8-ecf1-4cdf-a795-2e31f018bbe5/Chart+7.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Credit Risk Does Not Pay Credit Stress: Difference in Borrowing Costs for Firms of Different Creditworthiness, Sources: Financial Stress Index, Office of Financial Research, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4f4c15c2-d546-4750-b2f2-23c5dffe3f04/Chart+8.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Balanced Liquidity, Slightly Easy Relative Difficulty or Ease for Financial Institutions To Finance Their Balance Sheets, Sources: Financial Stress Index, Office of Financial Research, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01355793-82db-4e0b-8943-6ffda3ad672b/Chart+9.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Treasury Market Volatility Signal Primary Dealer Statistics: Fail to Deliver Aggregate Treasury Securities, Sources: Primary Dealer Statistics, Federal Reserve Bank, Office of Financial Research, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e94ed50f-964f-4f6e-a08a-056e0dff0999/Chart+10.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS DON’T PANIC - Make it stand out</image:title>
      <image:caption>Economic Policy Uncertainty Fades Economic Policy Uncertainty Index, Sources: FRED, St. Louis Fed, The Bank Treasury Newsletter</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/june2024</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-07-18</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b9940f43-379e-44df-9201-c44d1edead1f/boy+fishing.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/949f6b42-131c-43f5-ab73-5544a9fe9e7c/deposit+cost.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Figure 1: Cost of Interest-Bearing Deposits: All Commercial Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/55b5c49e-8848-4ba0-9c02-1fbd893a9434/AdobeStock_200284848.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c5005230-c790-438d-a14a-50c9ff511fc5/cash+assets.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Banks Still Sitting On Cash Ratio of Cash Assets to Total Assets, All Commercial Banks, Sources: H.8 Report, Federal Reserve, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ac7499b8-0b57-4249-825d-6fd785797a14/newiorb.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>IORB: A Consistent Contributor To Interest Income Interest Income From IORB and Total Interest Income, Sources: H.4 Report, Federal Reserve, Quarterly Banking Profile, FDIC, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/db4b7dc7-3360-40a2-9867-b5977200c7a4/over+3+year.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Banks Shorten Their Earning Assets Net Securities and Loans Repricing or Maturing Over 3 Year, Percent of Total Assets, All Commercial Banks, Sources: FFIEC, Peer Group Average Report, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5ec1a5fc-09fb-40bd-ad67-41f2e307b199/MMDANOW.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Non-Maturity Deposit Average Life Gets Longer Median Estimated Average Life Of Money Market Deposit Accounts (MMDA) and Negotiable Order Withdrawal (NOW)/Interest Checking, All Commercial Banks, Sources: Interest Rate Statistics Report, OCC, April 2024, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/a5290024-12d5-4ae7-8d24-e135692dbb63/costof+ibd+and+ldr.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>LDR Is A Limited Factor Driving Cost of Deposits Cost of IB Deposits Compared To Annual Host State Loan-to-Deposit Ratios, Sources: Annual Host State Loan-to-Deposit Ratios, OCC, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1d94601b-f7fe-47cd-9ad1-4798c7e7a658/new+outstanding.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Treasury Outstandings Climb To Over $24 Trillion Treasurys Outstanding, Sources: SIFMA, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/29a1c631-1894-4598-ad40-caf2f3ce5a01/net+treasury+issuance.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Shifting to Net T-Bills Net Treasury Issuance, Sources: SIFMA, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9de9e515-7042-4870-a6c4-6441e2a0dfdf/individholders.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Private Investor Demand Meets Supply Individual Treasury Holders, Sources: SIFMA, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d1108e91-4b1d-4f39-8b9c-3ab8aa66cfaa/30yearmtg+spread.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Mortgage Rates Hold At Widest Spreads 30-Year Mortgage Rate, Spread to 10-Year Constant Maturity Rate, Sources: FRED, St. Louis Fed, The Bank Treasury Newsletter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2da7feb2-a039-4ee2-adc5-7f48945c03eb/centralbank.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS GO POND FISHING - Make it stand out</image:title>
      <image:caption>Largest Central Banks Led By The Fed Sources: Statista.com, The Bank Treasury Newsletter</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/may-2024-newsletter</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-06-24</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/33f5a436-20b2-48bc-bf38-32c40a184e46/103G_Corrigan.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/07e94f2e-c910-4772-8ae7-d72520b944fe/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/b20f6d5b-86c6-4c37-a3e8-061f9d1413f7/peakdaylight.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Figure 1: Peak Daylight Overdrafts</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/8a0cd0c2-45d2-478f-b612-a351b262f69c/AdobeStock_242597321.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394699556-JCYJD3L560OU75KTJDKN/3monthfiveyear.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Historically Longest Curve Inversion Continues</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394701753-HOTZ753JQJZMLUUTNUK2/mortgage+rates.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Mortgage Rates At 20-Year Highs</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394703811-DG7D0F7X2IHILIHLLZMY/unrealized.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Bank Bond Books Remain Deep Underwater</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394703218-SXBB50CLJBJJ9I03WX3S/realized+gains.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Door Closed On Sale and Earn Back Restructuring</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394700352-XD0QCDCDHBRAPSM9D8V4/derivhedge.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Hedging Was Up Last Quarter</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394701052-7K5P5TJFLYESHOK4YKX7/money+fund.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Savers Pulled Back On Money Markets</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394703490-1ZSC0P0OXG32INRXR3YN/uninsureddeposits.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Uninsured Deposit Balances Picked Up</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394701978-CZ4I2JS3I06ZUAS086DD/new+noninterestbearing+deposit.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Depositors Stabilized Shift Away From Checking</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394700405-HV8DEMKFCITCRKQKIG7V/loangrowth.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Savers Pulled Back From Money Market Funds</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1716394699591-SE6TK18MSLM5Y3C3EHJU/corp+bond+issuance.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS REMEMBER GERRY CORRIGAN - Make it stand out</image:title>
      <image:caption>Loan Origination Shifted To Capital Markets</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/april-2024-newsletter</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-05-06</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/597b784a-99c7-40f9-ab0b-2f8bb1333a78/53ace8665e55786285e9b9fea4e4e165.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/ba4a8f4f-9657-4a62-9af8-00d00588e080/term+premius.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL - Make it stand out</image:title>
      <image:caption>Figure 1: Term Premium on a 5 and 10 Year 0-Coupon Bond</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/57334deb-70d8-41ee-918d-31e37c116772/R%26T-Bank+Treasury+Newsletter-Banner+Ad-04.2024.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/c6631e4f-ba2d-4b95-a705-71239d10a59c/currencyincirculation.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL - Make it stand out</image:title>
      <image:caption>Figure 2: Currency in Circulation as % of Total Commercial Bank Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/76624a25-0f0c-45d1-a9a9-e2315577c548/wizard+2.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1714409078947-QSF9TXB0QY1443S369XE/Chart+Deck-April+2024_Page_04.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1714409078979-VANF9PCLJYWXKMK4Y1GU/Chart+Deck-April+2024_Page_05.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
    </image:image>
    <image:image>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1714409079859-1RPQW8HX79QW5801MIXH/Chart+Deck-April+2024_Page_07.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1714409080754-S28XWDVXSWACGWNWWZYG/Chart+Deck-April+2024_Page_09.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1714409081543-28UF7IOR9HA8Y7QJ27N7/Chart+Deck-April+2024_Page_10.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1714409081759-ZTQU04B322FQENTH76ZU/Chart+Deck-April+2024_Page_11.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1714409082359-HVLHD3O7JUG4IYPCJAHT/Chart+Deck-April+2024_Page_12.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1714409082748-Z2Y6MC1EVAPQT7ZZ7MA6/Chart+Deck-April+2024_Page_13.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS IN NEUTRAL</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/beware-the-ides-of-march</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-04-22</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1711452645655-AM85DPLHM6P6TGFZ3XMB/GettyImages-587489068_3x4.jpeg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS BEWARE THE IDES OF MARCH</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS BEWARE THE IDES OF MARCH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/9bf94307-73c2-4bae-9a1e-b14af4e84d4b/March+Newsletter+Figure+1.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS BEWARE THE IDES OF MARCH - Make it stand out</image:title>
      <image:caption>Figure 1: Fair Value of the AFS Portfolio, % of Historical Cost</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS BEWARE THE IDES OF MARCH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/0cfd8e76-fbfb-4f50-942b-1fae72773a5d/March+newsletter+figure+2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS BEWARE THE IDES OF MARCH - Make it stand out</image:title>
      <image:caption>Figure 2: Uninsured Deposits, % of Total Domestic Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/314e3c0c-7f5c-44cd-83f9-962c4806ef23/March+Newsletter+Figure+3.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS BEWARE THE IDES OF MARCH - Make it stand out</image:title>
      <image:caption>Figure 3: Noninterest-Bearing Deposits, % of Total Deposits</image:caption>
    </image:image>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS BEWARE THE IDES OF MARCH - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1711444563103-I76PH1937HTWLWKBQRAU/Chart+Deck-March+2024_Page_01.jpg</image:loc>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS BEWARE THE IDES OF MARCH</image:title>
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  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/bank-treasurers-look-through-the-accounting</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-03-26</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6c880640-06c3-4ded-8863-d9311adad30f/image001.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e56edf4c-68a2-42b8-816d-eb7c95b1f2bd/Bank+Treasury+FIG+Ad+2024_2.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5942eb6e-63f9-4c92-b62b-a125e439aa51/Figure+1-+Negative+AOCI-+All+Commercial+Banks.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING - Make it stand out</image:title>
      <image:caption>Figure 1: Negative AOCI: All Commercial Banks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/2dfcd7fb-26f4-4877-ba2c-fb3a52d3324f/Figure+2-+Realized+Gains%3ALosses+on+AFS.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING - Make it stand out</image:title>
      <image:caption>Figure 2: Realized Gains/Losses on AFS</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/6fa24e97-942f-4d39-a13d-f97181732756/Figure+3-+Pay+Fixed+Swaps+%28Notional+Amount%29+Not+Used+for+Trading.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING - Make it stand out</image:title>
      <image:caption>Figure 3: Pay Fixed Swaps (Notional Amount) Not Used for Trading</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/15282cc7-20a3-453d-b1c1-8e0041653193/Optical+Illusion.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING</image:title>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE THROUGH THE ACCOUNTING</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/bank-treasurers-see-ufos</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-03-22</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bb1c6fb0-e740-4eaa-8b12-01f5dcfaf94d/UFOs.jpg</image:loc>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/d5f036bc-1ef7-4f14-bd2e-9241c473a850/Bank+Treasury+FIG+Ad+2024.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE UFOS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE UFOS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE UFOS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE UFOS - Make it stand out</image:title>
      <image:caption>Figure 1:5-Year-3-Month Constant Maturity Spread</image:caption>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE UFOS - Make it stand out</image:title>
      <image:caption>Figure 2: MOVE Index</image:caption>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE UFOS - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS SEE UFOS</image:title>
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    <lastmod>2024-03-22</lastmod>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT YEAR-END - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/3b7fa644-0e46-4782-9b3c-33f3097d3b71/December+Newsletter+Figure+1.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT YEAR-END - Make it stand out</image:title>
      <image:caption>Figure 1: 3-Month-5-Year Treasury Spread: Weekly Average</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT YEAR-END - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/e6f89045-eaf3-43a6-90f4-30b9f98bf5be/Cookies.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT YEAR-END - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/1702767846638-0J6XSU0ELSUEEXN7LCDD/Chart+Deck-December+2023_Page_01.jpg</image:loc>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS AT YEAR-END</image:title>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WERE NOT ON THE MAYFLOWER</image:title>
    </image:image>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/01c9914c-96a3-43f8-a292-a86f95844a90/Eris+Ad+for+mobile.png</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WERE NOT ON THE MAYFLOWER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WERE NOT ON THE MAYFLOWER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/11f0004b-b0cc-4ced-8555-76b97cfba2da/Global+Supply+Chain+Pressure+Index.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WERE NOT ON THE MAYFLOWER - Make it stand out</image:title>
      <image:caption>Figure 1: Global Supply Chain Pressure Index</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/5c7196cd-0f7a-464a-847a-e1261f54e2be/Figure+2-+Domestic+Noninterest-Bearing+Deposits+%25+Total+Domestic+Deposits.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WERE NOT ON THE MAYFLOWER - Make it stand out</image:title>
      <image:caption>Figure 2: Domestic Noninterest-Bearing Deposits % Total Domestic Deposits</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/94634cbd-35c7-4c13-99d9-2a21ff3ad03e/Pilgrims+The+Bank+Treasury+Newsletter-November+2023.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS WERE NOT ON THE MAYFLOWER - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <lastmod>2024-03-22</lastmod>
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      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/bc2981ad-1c75-4ec9-94b0-2a270964df48/October+Newsletter+Figure+1.jpg</image:loc>
      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE WONKS - Make it stand out</image:title>
      <image:caption>Figure 1: Uninsured Deposits ($250,000+) as % Insured and Uninsured Deposits</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/64fba1090e18127fa361f051/4c1d6403-3d3b-4fa2-823e-e957f97d83e8/Mobile+Ad+Banner+-+block+justified+%281%29.jpg</image:loc>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS ARE WONKS - Make it stand out</image:title>
      <image:caption>Figure 2: BBB Corporate Spread to 5-Year Treasury</image:caption>
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      <image:caption>FOMC participants’ policy path chart (“dot plot”), September 2023</image:caption>
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    <lastmod>2023-10-23</lastmod>
    <image:image>
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      <image:title>The Bank Treasury Newsletter Archive - BANK TREASURERS HAVE LONG MEMORIES - Make it stand out</image:title>
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    <loc>https://www.thebanktreasurynewsletter.com/thebanktreasurynewsletterarchive/august-2023-bank-treasurers-remember-marcia-stigum</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-03-22</lastmod>
    <image:image>
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