Page 14 - May 2023 Issue.indd

the technology world would be sent into borrowing fund that banks who are
a fi nancial tailspin. confronted with “runs” that test their
liquidity can borrow funds from at low
Can you imagine if something like this
rates for a short term until they can sell
happened to a bank or banks in the
assets or issue more stock to generate
Midwest who provided banking services
more capital and pay the loan back.
primarily to the agricultural sector? Of
course, the Federal Reserve, Treasury Interest rate volatility will continue for
Memorial Weekend and FDIC would make sure agricultural the rest of this year with the Federal
deposits were covered to avoid a similar Reserve raising rates in early May by
at Linchester Mill
disaster to the agricultural economy. .25%. I anticipate this will be the last
PRESTON, MD increase for now and they will sit back
Signature Banks failure was not due

Saturday, May 27 • 10-1 to investing in low-rate government to see how inflation and unemployment
treasuries as much as it was because move over the summer.
BBQ Bueno and Carrie Sue’s
Cupcakery will be providing food. they invested in cryptocurrency and Interest rates will not be going down
the funding of companies that dealt any time soon, which is good news
Come out and support your directly in the trading of cryptocurrency. for savers, but not so good news for
local crafters! Stop by on your Because crypto is not really regulated, borrowers.
way home, take a look around and value can be very volatile, the Fed’s Mr. Rowe is Vice President/Lending for
and grab dinner to take home. rushed in and seized them also, fearing Bay Capital Mortgage Corp. with offi ces
another run on the bank.
in Easton and Annapolis. He has lived in
There will be an To avoid this kind of disaster in the Caroline for his entire life and supports
activity for the future and to provide readily available the county by volunteering in a variety of
children. funds for accounts that exceed the ways. He currently lives near Greensboro
$250,000 insurance limit, the Treasury with his wife Jeanne and daughter Kelsey.
Department has created a short-term

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