There are 51 banks listed on page 7 of this issue. Each had more than a 55% increase in deposits during the first half of 2020. Unlike the last time we published a list like this (JRN 37:27), we omitted…
Category: Bank Deposits
Deposits Increase at Record Pace
Total deposits in U.S. banks increased 8.5% ($1.2 Trillion) during the first quarter of 2020 and 13.3% for the 12 month period. With interest rates near zero, and much of the influx coming from PPP loans, which by nature will…
What a Difference a Decade Makes
What a Difference a Decade Makes As we approach the end of this year, and the end of another decade, we’d like to reflect on some of the biggest changes we’ve seen over the past ten years. Ten years ago,…