M1 Money Stock Alert! Seasonally Adjusted in June, Demand Deposits down -0.3% (-$60 billion). M1 continues continues to plummet--down -10.2% year-over-year!
With the FDIC announcement banks aren't reporting their uninsured deposits correctly, more fuel for the bank run?
https://fred.stlouisfed.org/series/M1SL
https://www.federalreserve.gov/releases/h6/current/default.htm
1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the