Bank of America strategists Mark Cabana and Katie Craig said in the report that recent capital flows from the Federal Reserve's balance sheet and the Federal Home Loan Bank (FHLB) are “both happy and worrying.” It is said that it is encouraging because the financial system can quickly transfer funds to banks in need through the Federal Reserve's balance sheet and FHLB; but what is worrisome is that banks need to obtain “large amounts of additional capital” through the Federal Reserve's arrangements and FHLB, which “clearly indicates that the banking system is under pressure.”