BelAZ 75710: The Giant of the Mines

Caterpillar 797F: Hauling Titans

Scania R730: The King of the Road

TATRA T815–7: Conquering Extreme Terrains

Volvo FH16 750: Scandinavian Muscle

Kenworth C509: The Outback Beast

Mercedes-Benz Actros 4163 SLT: Heavyweight Towing Champion

MAN TGX D38: Efficient Powerhouse

PACCAR MX-13: Fuel-Efficient Powerhouse

Freightliner Cascadia: Cutting-Edge Technology and Power

Conclusion

What is Evoload?
Evoload is a blockchain Freight Exchange platform built on the MultiversX Ecosystem, that is looking to enhance and disrupt the logistical and transportation scene. The first in Europe to offer business intelligent solutions that benefit all stakeholders whilst using blockchain technology to create an unprecedented rewarding workflow.

Time Schedule

• 10:30 AM (IOM Time) ⌇⌇ 11:30 (CEST) – Solo Warm Up session
• 11:45 AM (IOM Time) ⌇⌇ 12:45 (CEST) – Monster Energy Supersport Race 1 – 4 Laps
• 2:15 PM (IOM Time) ⌇⌇ 15:15 (CEST) – 3Wheeling.media Sidecar Race 1 – 3 Laps

Entry list

The weather

• BBC (Isle Of Man Airport)
• BBC (Isle of Man Ramsey)
• The Weather Channel (Douglas)
• The Weather Channel //Radar
• Time&Date Weather (Douglas)
• metoffice.gov.uk (Douglas)
• Accuweather.com (Douglas)
• Accuweather.com //Radar
• MeteoBlue.com

Fastest 20 riders through the week on Supersport

1. Michael Dunlop – 127.557
2. Dean Harrison – 127.216
3. Peter Hickman – 127.206
4. Davey Todd – 125.715
5. Michael Browne – 125.049
6. James Hillier – 124.761
7. Jamie Coward – 124.675
8. Jim Hind – 124.553
9. Craig Neve – 123.727
10. Dominic Herbertson – 123.362
11. Rob Hodson – 123.195
12. Conor Cummins – 122.783 (Latest news: Conor is out with an infection)
13. Paul Jordan – 122.004
14. Michael Evans – 121.826
15. David Johnson – 121.788
16. Pierre Yves Bian – 121.650
17. Shaun Anderson – 121.566
18. Joey Thompson – 121.086
19. Raul Torras Martinez – 120.431
20. Michal Dokoupil – 120.323

Fastest top 20 combinations through the week in sidecars

1. Ben Birchall/Tom Birchall – 119.414 (Unofficial Sidecars lap record)
2. Pete Founds/Jevan Walmsley – 118.159
3. Ryan Crowe/Callum Crowe – 116.452
4. Tim Reeves/Mark Wilkes – 113.509
5. Alan Founds/Jake Lowther – 113.485
6. Steve Ramsden/Matty Ramsden – 112.719
7. Gary Bryan/Phil Hyde – 112.088
8. Dave Molyneux/Dan Sayle – 112.082
9. John Holden/Maxime Vasseur – 112.046
10. Daryl Gibson/Tom Christie – 111.148
11. Dan Knight/Ben Hughes – 110.118
12. Greg Lambert/Andrew Haynes – 108.965
13. John Saunders/James Saunders – 108.865
14. Wayne Lockey/Matty Rostron – 107.069
15. Shaun ChandleBen Chandler – 105.591
16. Conrad Harrison/Andy Winkle – 105.536
17. Darren Hope/Lenny Bumfrey – 104.644
18. Andy King/Andrew Sigsworth – 104.586
19. Mike Jackson/Jake Roberts – 104.562
20. Michael Russell/Vicky Cooke – 103.541

LETS ENJOY THIS RACEWEEK WITH EACHOTHER HERE!!!

All this money pulled from commercial banks as M2 (U.S. money stock--currency and coins held by the non-bank public, checkable deposits, and travelers' checks, plus savings deposits, small time deposits under 100k, and shares in retail money market funds) is decreasing:

1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other liquid deposits, consisting of other checkable deposits (or OCDs, which comprise negotiable order of withdrawal, or NOW, and automatic transfer service, or ATS, accounts at depository institutions, share draft accounts at credit unions, and demand deposits at thrift institutions) and savings deposits (including money market deposit accounts). Seasonally adjusted M1 is constructed by summing currency, demand deposits, and other liquid deposits, each seasonally adjusted separately.
2. M2 consists of M1 plus (1) small-denomination time deposits (time deposits in amounts of less than $100,000) less individual retirement account (IRA) and Keogh balances at depository institutions; and (2) balances in retail money market funds (MMFs) less IRA and Keogh balances at MMFs. Seasonally adjusted M2 is constructed by summing small-denomination time deposits and retail MMFs, each seasonally adjusted separately, and adding the result to seasonally adjusted M1.
3. Currency in circulation consists of Federal Reserve notes and coin outside the U.S. Treasury and Federal Reserve Banks.
4. Reserve balances are balances held by depository institutions in master accounts and excess balance accounts at Federal Reserve Banks.
5. Monetary base equals currency in circulation plus reserve balances.
6. Total reserves equal reserve balances plus, before April 2020, vault cash used to satisfy reserve requirements.
7. Total borrowings in millions of dollars from the Federal Reserve are borrowings from the discount window's primary, secondary, and seasonal credit programs and other borrowings from emergency lending facilities. For borrowings included, see "Loans" in table 1 of the H.4.1 statistical release.
8. Nonborrowed reserves equal total reserves less total borrowings from the Federal Reserve.

However, borrowing from the liquidity fairy is spiraling to make up for it shrinking M2 and dwindling deposits:

1. Bank Term Funding Program (BTFP)
2. Discount Window/Primary Credit
3. "Other Credit Extensions"

Bank Term Funding Program (BTFP):

• Association, or credit union) or U.S. branch or agency of a foreign bank that is eligible for primary credit (see 12 CFR 201.4(a)) is eligible to borrow under the Program.
• Banks can borrow for up to one year, at a fixed rate for the term, pegged to the one-year overnight index swap rate plus 10 basis points.
• Banks have to post collateral (valued at par!).
• Any collateral has to be “owned by the borrower as of March 12, 2023."
• Eligible collateral includes any collateral eligible for purchase by the Federal Reserve Banks in open market operations.

Discount Window/Primary Credit:

Federal Reserve lending to depository institutions (the “discount window”) plays an important role in supporting the liquidity and stability of the banking system and the effective implementation of monetary policy.
By providing ready access to funding, the discount window helps depository institutions manage their liquidity risks efficiently and avoid actions that have negative consequences for their customers, such as withdrawing credit during times of market stress. Thus, the discount window supports the smooth flow of credit to households and businesses. Providing liquidity in this way is one of the original purposes of the Federal Reserve System and other central banks around the world.

The "Primary Credit" program is the principal safety valve for ensuring adequate liquidity in the banking system. Primary credit is priced relative to the FOMC’s target range for the federal funds rate and is normally granted on a “no-questions-asked,” minimally administered basis. There are no restrictions on borrowers’ use of primary credit.

• Tight money markets or undue market volatility
• Preventing an overnight overdraft
• Meeting a need for funding, including a short-term liquidity demand that may arise from unexpected deposit withdrawals or a spike in loan demand

The introduction of the primary credit program in 2003 marked a fundamental shift - from administration to pricing - in the Federal Reserve's approach to discount window lending. Notably, eligible depository institutions may obtain primary credit without exhausting or even seeking funds from alternative sources. Minimal administration of and restrictions on the use of primary credit makes it a reliable funding source. Being prepared to borrow primary credit enhances an institution's liquidity.

“Other credit extensions”:

• The FDIC created temporary banks to support the operations of the ones they have taken over.
• The FDIC did not have the money to operate these banks.
• The Fed is providing that in the form of a loan via "Other credit extensions".
• The FDIC is going to sell the taken over banks assets.
• Whatever the difference between the sale of the assets and the ultimate loan number is, will be the amount split up amongst all the remaining banks and applied as a special fee to make the Fed 'whole'.
• It can be argued the consumer will ultimately end up paying for this as banks look to pass this cost on in some way.

Whatever the difference between the sale of the assets and the ultimate loan number is, will be the amount split up amongst all the remaining banks and applied as a special fee to make the Fed 'whole'.

What does all this borrowing look like for the banks? They sure as heck aren't getting funding from deposits...:

Over the few weeks prior to the FDIC receivership announcements on March 10 and 12, the banking sector lost another approximately $450 billion. Throughout, the banking sector has offset the reduction in deposit funding with an increase in other forms of borrowing which has increased by $800 billion since the start of the tightening.
The right panel of the chart below summarizes the cumulative change in deposit funding by bank size category since the start of the tightening cycle through early March 2023 and then through the end of March. Until early March 2023, the decline in deposit funding lined up with bank size, consistent with the concentration of deposits in larger banks. Small banks lost no deposit funding prior to the events of late March. In terms of percentage decline, the outflows were roughly equal for regional, super-regional, and large banks at around 4 percent of total deposit funding:

However, during the most acute phase of banking stress in mid-March, other borrowings exceeded reductions in deposit balances, suggesting significant and widespread demand for precautionary liquidity. A substantial amount of liquidity was provided by the private markets, likely via the FHLB system, but primary credit and the Bank Term Funding Program (both summarized as Federal Reserve credit) were equally important.

• Large banks increased borrowing the most, which is in line with deposit outflows being strongest for larger banks before March 2023.
• During March 2023, both super-regional and large banks increase their borrowings, with most increases being centered in the super-regional banks that faced the largest deposit outflows.
• Note, however, that not all size categories face deposit outflows but that all except the small banks increase their other borrowings.
• This pattern suggests demand for precautionary liquidity buffers across the banking system, not just among the most affected institutions:

• Banks have been replacing deposit outflows with the borrowing we have covered above.

TLDRS:

• Folks have pulled $920 billion in deposits since 4/13/2022
• Folks have pulled $452 billion in deposits since 2/22/2023
• Folks have added $86 billion in deposits 5/17-5/24
• Is the bank run stabilizing? More fuel for June rate hike?