top of page

US Banks Consumer Deposit Update

Frank Tian

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.



Recent Posts

See All

Comments


bottom of page