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Thursday, November 14, 2024

U.S. Banks Lost a Record $370 Billion in Deposits Last Quarter

Deposits at U.S. banks fell by a record $370 billion in the second quarter, the first decline since 2018. Deposits fell to $19.563 trillion as of June 30, down from $19.932 trillion in March, according to the Federal Deposit Insurance Corp. The outflow in the quarter isn’t a problem for banks, which …

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