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  • Frank Tian

US Banks Consumer Deposit Update

After the regional bank crisis in March,


How is consumer deposit changing at the largest US banks?


In Q1, the largest 4 US banks saw their consumer deposit continue to move down.



📍 Consumer deposits peaked in Q2 last year, as inflation was higher and longer than expected.


📍The outflow of deposits began in Q3 then accelerated in Q4.


📍The regional bank crisis may have slowed down the deposit decrease at large banks, but not enough to reverse the trend.


📍 The overall deposit is still ~40% more than early 2020. It is net positive even if you strip out inflation.



Cash in the bank provides a much-needed cushion for consumers - to deal with whatever is coming in 2023.



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