Appendices — the shadow banking maps behind the funding-market chain
Graph and balance-sheet reconstructions of the eight online appendices to Shadow Banking, FRBNY Staff Report 458 (2010; Economic Policy Review 19(2), 2013). Every entity is a balance sheet, every arrow a typed flow. Asset and credit flows run left to right; wholesale funding runs right to left; dashed lines are credit and liquidity puts and guarantees.
The transmission map on the front page is a map of funding markets: who lends overnight cash against Treasuries, and what stops them. That map has a parent. The 2010 Pozsar, Adrian, Ashcraft and Boesky staff report drew the credit system the same way — as a chain of balance sheets, each step performed by an entity with its own funding model and its own backstop. The frictions in the front-page map are the descendants of the ones drawn here: the same wholesale funding, the same dealer intermediation, the same question of who provides the put when the chain jams. These reconstructions are the reference layer behind that argument.
Each page embeds its own data and runs offline with no dependencies. Drag nodes, toggle layers and flow types, and export positions to rebuild your own version.
The canonical seven-step map as a remappable graph — drag any node, toggle layers and flow types, switch between the column layout and a force re-map, export positions.
Appendices 1–8 of the 2010 staff report as directed graphs: the GSE system, bank holding companies, diversified broker-dealers, the two specialist appendices, the spectrum of shadow banks, and the pre- and post-crisis backstops.
The same eight appendices rebuilt as T-accounts — assets left, liabilities and equity right, coloured by instrument, with every arrow a typed and instrument-tagged flow carrying a counterparty role.
All eight appendices merged into one balance-sheet map of the system, with stress tags and backstop linkage on each entity.
The complete Pozsar poster as structured data, plus a deep-zoom replica of the original full-resolution image.
Source data for every page is committed alongside it as JSON, next to the page that reads it.
