This week’s focus is on well-rated banks that are growing their deposits organically, like those listed in Jumbo Rate News. We concede that JRN does have its limits, though, as we only list rates of banks that will take corporate…
All New Bank Star-Ratings this Week
The FDIC likes to put a positive twist on its quarterly data press release, but we know well enough to look beyond. Aside from tightening interest margins and deterioration in credit card and CRE loan quality, the industry has witnessed…
When a Cap is not a Cap
The rule is that no single bank should have more than 10% of total industry deposits unless it grows organically. The exception to this 10% cap is when a failure is involved. So it was that history repeated itself, and…
Bank Deposits Decline for 1st Time in 4 Years
Deposits at U.S. banks grew swiftly after COVID arrived here in the states. In fact, domestic deposits increased by 37.5% during calendar 2020 and 2021 and finally peaked on March 31, 2022 at $18.426 trillion. One would think (at least…
Bank Assets Decline for 1st Time in 7 Years
In spite of increases in loan balances, both from first quarter and from a year ago, total assets at the nation’s banks declined in the second quarter 2022. (Source: FDIC Quarterly Banking Profile (QBP).) This marks the first quarterly drop…
New Bank Star-Ratings Now Available
Third quarter bank data and star-ratings have now been updated both in JRN and at bauerfinancial.com. (Credit union data and ratings will be out in the next week or two.) The FDIC put a positive spin on the bank data,…
New Brokered Deposit Rules, Let’s Break it Down
In observance of the Easter Holiday, Jumbo Rate News will not be published next week, April 5th. While we are on hiatus though, a new brokered deposit rule will go into effect (April 1st, to be exact). While we don’t…
Maybe We Needed a Little Boring
If that’s the case, the Federal Reserve did not disappoint. The Fed Funds rate remains near zero-where it’s been since March. And there is virtually no chance of that changing anytime soon. That means we are stuck with CD rates…
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,…