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The Shadow Banking System — balance-sheet (T-account) reconstructions

Full reconstructions of the eight online appendixes to Pozsar, Adrian, Ashcraft & Boesky, Shadow Banking (FRBNY Staff Report 458, 2010; EPR 19(2), 2013). Every entity is a T-account (assets left; liabilities + equity right, coloured by instrument); every arrow is a typed, instrument-tagged flow (asset / funding / credit-put / liquidity-put / guarantee / equity-support) carrying a counterparty role. Each entity also carries stress tags and backstop linkage, so the JSON is ready to lift into a causal / stress-propagation graph.
Poster · full structured map (interactive JS)
The Shadow Banking System — Full Structured Map
33 entities · 52 flows · 10 bands — traditional + cash + synthetic shadow banking, GSE, funders, bookends & backstops. Toggle bands/flows to trace flows and build a stress map.
Poster · faithful replica
The Shadow Banking System — deep-zoom poster (exact layout)
High-resolution pan/zoom replica of Pozsar's original poster — every box exactly as drawn, with section quick-jumps
Master · consolidated
The Shadow Banking System — Consolidated System Map
22 merged entities · 41 flows · 9 bands — borrowers → traditional / cash / GSE banking → funders / creditors, with backstops
Appendix 1
The Government-Sponsored Shadow Banking System
13 entities · 20 flows
Appendix 2
The Credit Intermediation Process of Bank Holding Companies
9 entities · 18 flows
Appendix 3
The Credit Intermediation Process of Diversified Broker-Dealers
9 entities · 17 flows
Appendix 4
Independent Specialists — Reliance on FHCs & DBDs as Gatekeepers to Capital Markets
10 entities · 12 flows
Appendix 5
Independent Specialists — FHCs' & DBDs' Reliance on Them (Tail-Risk Absorption)
14 entities · 15 flows
Appendix 6
The Spectrum of Shadow Banks within a Spectrum of Shadow Credit Intermediation
23 entities · 5 flows
Appendix 7
The Pre-Crisis Backstop of the Shadow Credit Intermediation Process — The Case of FHCs
17 entities · 18 flows
Appendix 8
The Post-Crisis Backstop of the Shadow Banking System
19 entities · 18 flows
Reconstruction of Pozsar, Adrian, Ashcraft & Boesky, Shadow Banking, FRBNY Staff Report 458 (2010). Derived from public sources. Estimates, not official publications. Not investment advice. · bzhmacro.com