Bank Run Underway? Updated commercial bank deposit data shows $54.1738 Billion in deposits removed. Last week saw it going from $17.64t to $17.61t (-$30b)--$80+ Billion removed from deposits in the last two weeks!

It gets even more interesting!

1 year ago: 3/16: 18,073.5395 Billion.

High was hit 4/13/2022: 18,130.6814 Billion.

r/Superstonk - Bank Run Underway? Updated commercial bank deposit data shows $54.1738 Billion in deposits removed. Last week saw it going from $17.64t to $17.61t (-$30b)--$80+ Billion removed from deposits in the last two weeks!

Over half a trillion in deposits pulled in the last year!

Board of Governors of the Federal Reserve System (US), Deposits, All Commercial Banks [DPSACBW027SBOG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DPSACBW027SBOG, March 17, 2023.

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Catching up: BTFP usage explodes & program end date announced, credit card debt jumps 17.7% in November, $28 million to whistleblowers, Uyeda new term, Korea punishes illegal short selling, GameStop NFT Project update, and much more!

Hello and Happy New Year, I hope you and yours had a happy, safe, and healthy holiday season! For me, I was able to go away on holiday for the first time in half a decade plus and it was fantastic--great to be able to unplug and recharge in warmth

Deutsche refuses to pay maturity presentments for this issuer’s institutional certificate of deposit.

DTC received notification from Deutsche Bank Trust Company America, the MMI issuing/paying agent for OVERSEA-CHINESE BANKIN (OVR*), Deutsche refuses to pay maturity presentments for this issuer’s institutional certificate of deposit.

* Certificates of Deposit (CDs) are time-bound deposit accounts held at banks that typically offer a fixed interest rate in return for keeping the money deposited for a set period. * Deutsche Bank Trust Company America is acting as an MMI (Money Market Instrument) issuing/paying agent. * As a paying agent, it

FDIC held a CLOSED meeting at 3:12 pm yesterday to consider resolution activities.

New bank failure incoming? FDIC held a CLOSED meeting at 3:12 pm yesterday to consider matters related to the Corporation’s supervision, corporate, and resolution activities.

Back in July a similar meeting was held before it was announced Heartland Tri-State Bank of Elkhart, Kansas, was closed. Things that make you go hmmm... TLDRS: * FDIC held a CLOSED meeting yesterday about resolution matters that the public interest did not require consideration of the matters in a meeting