On February 3rd 2017 President Trump signed Executive Order #13772 calling for a system of reviews, first due in 120 days, of the U.S. financial, investment and banking system for possible reform. Today Treasury Secretary Steven Mnuchin released the first in a series of reports (full pdf below) outlining the U.S. Financial System.
Given the breadth of the financial system and the unique regulatory regime governing each segment, Treasury will divide its review of the financial system into a series of reports:
• The depository system, covering banks, savings associations, and credit unions of all sizes, types and regulatory charters;
• Capital markets: debt, equity, commodities and derivatives markets, central clearing and other operational functions;
• The asset management and insurance industries, and retail and institutional investment products and vehicles; and
• Non-bank financial institutions, financial technology, and financial innovation.
Today’s report covers the depository system.

The full report is below and it is rather extensive. Here’s my initial review of the content with the report embedded at the bottom.
Back in July 2010 when Dodd-Frank banking regulation was passed into law, there were approximately 12 to 17 banks who fell under the definition of “too big to fail”.
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