$57 billion withdrawn from commercial banks in the last week (May 3rd-10th). Since 2/22/2023, $590 billion in deposits have been pulled. $1,058 billion in deposits has been pulled since the all time hit 4/13/22. The bank run continues and picks up speed!

r/Superstonk - $57 billion withdrawn from commercial banks in the last week (May 3rd-10th). Since 2/22/2023, $590 billion in deposits have been pulled. $1,058 billion in deposits has been pulled since the all time hit 4/13/22. The bank run continues and picks up speed!

Source: https://www.federalreserve.gov/releases/h8/20230519/

https://fred.stlouisfed.org/series/DPSACBW027SBOG

EDIT: I was originally using the not seasonally adjusted data instead of seasonally adjusted data. Have edited all the numbers to reflect (outside of the title). Apologies for the mix up--what I get for trying to do more than 1 thing at a time -.-

Domestically chartered commercial banks divested $87 billion in assets to nonbank institutions in the week ending March 29, 2023. The major asset item affected was the following: securities, $87 billion.

Domestically chartered commercial banks divested $87 billion in assets to nonbank institutions in the week ending March 22, 2023. The major asset items affected were the following: securities, $27 billion; and loans, $60 billion.

A little over a year ago (4/13/2022) the high was hit at $18,158.3536 billion

Date	Deposits, All Commercial Banks (billions)	Down from all time high (billions)
4/13/2022	$18,158	0
2/22/2023 (Run picks up speed)	$17,690	-$468 billion
3/1/2023	$17,662	-$496 billion
3/8/2023	$17,599	-$559 billion
3/15/2023	$17,428	-$730 billion
3/22/2023	$17,256	-$902 billion
3/29/2023	$17,192	-$966 billion
4/5/2023	$17,253	-$905 billion
4/12/2023	$17,168	-$990 billion
4/19/2023	$17,180	-$978 billion
4/26/2023	$17,164	-$994 billion
5/3/2023	$17,149	-$1,009 billion
5/10/2023	$17,123	-$1,035 billion