Crypto Currency Tracker logo Crypto Currency Tracker logo
The Daily Hodl 2023-05-14 00:04:39

$910,000,000,000 Exits US Banking System in Just One Year As Depositors Take Flight

New numbers from the Federal Reserve are shining a light on just how much capital has exited US banks in the last year. According to stats compiled by the Federal Reserve Economic Data (FRED) system, American banks have witnessed a whopping $910 billion in deposit flight since May of 2022. In May of last year, The post $910,000,000,000 Exits US Banking System in Just One Year As Depositors Take Flight appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.