US Banks Cost of Borrowing: No... They Are Not All the Same

With QE and zero interest rates and FED “stuff” it's easy to blend all banks together into one. Here's the thing though, they are not one. If we take all US banks over $5B in market cap and chart their average cost of borrowing on the y-axis and the cash ratio on the x-axis, we can see borrowing rates do differ… and for the government sponsored (owned) entities Fannie and Freddie, it ain't good. [Cost Of Borrowing 1]