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 .

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