{"id":1254,"date":"2008-07-23T08:33:12","date_gmt":"2008-07-23T15:33:12","guid":{"rendered":"http:\/\/montaraventures.com\/blog\/?p=1254"},"modified":"2008-07-23T08:33:12","modified_gmt":"2008-07-23T15:33:12","slug":"liquidity-crisis","status":"publish","type":"post","link":"https:\/\/montaraventures.com\/blog\/2008\/07\/23\/liquidity-crisis\/","title":{"rendered":"Liquidity Crisis"},"content":{"rendered":"<div style=\"float: right; margin: 10px;\"><img decoding=\"async\" src=\"https:\/\/montaraventures.com\/blog\/wp-content\/uploads\/2008\/07\/cash.jpg\" alt=\"Cash, cold hard cash. Can you get this at your bank?\" \/><\/div>\n<p>Yesterday I went to the bank to withdraw funds from savings for the purchase of a hybrid vehicle (my current commute is 82 miles round trip with significant carpool lane opportunities for a vehicle with the permits that allow access.) The seller of the vehicle is not willing to accept anything but cash, no problem for me, I&#8217;ve got cash I can use but it&#8217;s in the bank.<br \/>\n<br \/>\nI&#8217;ve banked with Wells Fargo since 1989 and they&#8217;re enormous with branches all over the place. The closest branch is in a grocery store, I didn&#8217;t go there because I thought a bank with an actual vault (where they keep cash) would be a better bet. When I asked the teller to withdraw the money, she signaled the service manager to come over due to the amount, less than $20,000 more than $10,000.<br \/>\n<br \/>\nThe service manager indicated they didn&#8217;t have that kind of cash hanging around the bank! I was shocked. I mean, this is a bank isn&#8217;t it? This was the downtown San Mateo branch, one of the larger ones on the peninsula&#8230;I could withdraw cash, but only a portion of the required amount. I had to go to two other bank branches to repeat the process to gather the required amount. If I could wait until Friday, they could special order the amount. Amazing.<br \/>\n<br \/>\nNow, I don&#8217;t know the liquidity requirements on banks, but I&#8217;d think they need to be a little bit north of $20k for a large metropolitan area bank. Are we experiencing a liquidity crisis? I have to admit, it didn&#8217;t make me feel very confident to find that I was unable to access my own money! Has anyone else run into this situation?<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday I went to the bank to withdraw funds from savings for the purchase of a hybrid vehicle (my current commute is 82 miles round trip with significant carpool lane opportunities for a vehicle with the permits that allow access.) The seller of the vehicle is not willing to accept anything but cash, no problem [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/1254"}],"collection":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/comments?post=1254"}],"version-history":[{"count":2,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/1254\/revisions"}],"predecessor-version":[{"id":1257,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/1254\/revisions\/1257"}],"wp:attachment":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/media?parent=1254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/categories?post=1254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/tags?post=1254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}