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$120 Billion Dollar Loss
Small and mid-sized banks lost $120 billion in deposits in just one week as turmoil gripped the regional banking world, according to new Federal Reserve data, while customers sought safer havens at the country's largest financial institutions.
As regional and community banks lost $120 billion during the week ending March 15, the 25 biggest banks raked in $67 billion in new deposits on a seasonally adjusted basis, according to new Fed data released Friday. The net outflow from all banks was $98 billion, an annual drop of 5.8%. Total industry deposits of $17.5 trillion was the lowest count since September 2021.
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Source:
https://news.yahoo.com/small-banks-lost-120-billion-in-deposits-during-svb-tumult-210531254.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHC1SF-4spDriFikY6PgIHvb_1-uEdY0BHZTCWA7idwiFl2xMs7oMiMVPVwFvkkoqVkCjrZnaLrIWKuns3jnnXsV4QCde2nvOpKxNVliyH_TnlnYGgingC4VTS3LGjHFqMedpR6JifwT4miuHEyF-eghXPWQn2CWzWqLDm5m1A4z#:~:text=Small%20and%20mid%2Dsized%20banks,the%20country's%20largest%20financial%20institutions.
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By Leland Baptist
5
22 ratings
Small and mid-sized banks lost $120 billion in deposits in just one week as turmoil gripped the regional banking world, according to new Federal Reserve data, while customers sought safer havens at the country's largest financial institutions.
As regional and community banks lost $120 billion during the week ending March 15, the 25 biggest banks raked in $67 billion in new deposits on a seasonally adjusted basis, according to new Fed data released Friday. The net outflow from all banks was $98 billion, an annual drop of 5.8%. Total industry deposits of $17.5 trillion was the lowest count since September 2021.
On-demand study course to learn Wholesaling real estate go to:
https://www.yf10kw.com
New Easy Way To Find Sellers, Buyers and Lenders:
https://www.yourfirst10kwholesaling.com
Do you already make a good income and want to know how to legally grow your income tax free? Click the Link Below:
https://leechandler.net/what-is-self-directed-investing/
Affiliate links with Bonuses For Real Estate Investing and Marketing tools
Phone System https://lelandbaptist.net/mightycall
Landing Page Builder https://lelandbaptist.net/freeclickfunnels
Real Estate CRM and Automation https://www.reiblackbook.com/trial?fpr=leland57
Real Estate Webpage Builder https://az122.isrefer.com/go/evergreen/lelandbaptist
eSign Automation https://leechandler.net/signnow
Driving for Dollars Software https://lelandbaptist.net/dealmachine
Automate Webinars http://leechandler.net/webinarkit
Automate Emails https://www.getresponse.com/?a=wgjfDAVJMQ
Automate Social Media Post http://social.launchconsultingcomarketing.site/signup
Business CRM https://lelandbaptist.com/activecampaign
Mindset Hacks
Winning The Game of Business http://www.myneurogym.com/go/?p=leechandler&w=WTGBSALESPAGE
3 Keys To Eliminate Procrastination http://www.myneurogym.com/go/?p=leechandler&w=WTGPORDERPAGECONTROL
Free App For Business and Real Estate Investing
https://assetbuilders.club/
Podcast
https://spotifyanchor-web.app.link/e/cXN2uByN0ub
check out Leland Baptist on Instagram:
@lelandbaptist
TikTok:
@lelandbaptist
#yf10kw
#realestateinvesting
#yourfirst10kwholesaling
Source:
https://news.yahoo.com/small-banks-lost-120-billion-in-deposits-during-svb-tumult-210531254.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHC1SF-4spDriFikY6PgIHvb_1-uEdY0BHZTCWA7idwiFl2xMs7oMiMVPVwFvkkoqVkCjrZnaLrIWKuns3jnnXsV4QCde2nvOpKxNVliyH_TnlnYGgingC4VTS3LGjHFqMedpR6JifwT4miuHEyF-eghXPWQn2CWzWqLDm5m1A4z#:~:text=Small%20and%20mid%2Dsized%20banks,the%20country's%20largest%20financial%20institutions.