Master — The Shadow Banking System — Consolidated System Map

Consolidated integrated reconstruction of Zoltan Pozsar's master poster (1306adri_map). It places the real-economy bookends (Ultimate Borrowers and Ultimate Creditors / cash pools) around the three parallel credit systems — traditional deposit banking, the “cash” shadow-banking chain, and the GSE chain — funded by money-market intermediaries and backstopped by official and private puts. Shared entities are merged from the eight appendix reconstructions; balance sheets show the fullest version of each. Hover any cell for instrument / tenor / rating / capital form / stress tags / backstop linkage; hover any arrow for instrument + counterparty role.