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- Large Banks Have Bled $921 Billion in Deposits Since April 2022 – The Fastest Pace in 40 Years – and a Much Larger Decline Than Small Banks
Large Banks Have Bled $921 Billion in Deposits Since April 2022 – The Fastest Pace in 40 Years – and a Much Larger Decline Than Small Banks
by Pam Martens and Russ Martens Wall Street on Parade
You may recall reading a burst of headlines during the banking crisis in March of this year about depositors fleeing small banks for the perceived comfort of the largest banks. Unfortunately, those headlines were never put in context or updated to reflect a broader picture.
In fact, using deposit data that is updated weekly from the Federal Reserve’s own H.8 releases, it becomes crystal clear that the large banks are bleeding deposits at the fastest pace in 40 years.
As the Federal Reserve data in the chart above indicates, deposits at the largest 25 commercial banks in the U.S. peaked at $11,679,758,700,000 on April 13, 2022. The most recent H.8 release shows that the deposits of the 25 largest banks as of June 21 stood at $10,758,977,000,000. That’s a percentage decline of 7.88 percent or $920,781,700.