New numbers from the Federal Reserve are shining a light on just how much capital has exited US banks in the last year.
According to stats compiled by the Federal Reserve Economic Data (FRED) system, American banks have witnessed a whopping $910 billion in deposit flight since May of 2022.
In May of last year, the amount of capital held by banks on behalf of depositors sat at $18.06 trillion.
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Today, that number is down to $17.15 trillion. And in the last week, $13 billion has exited the system.
Shares of regional US banks have been hammered following the failure of Signature Bank, Silicon Valley Bank and First Republic, along with the collapse of the Swiss-based banking giant Credit Suisse.
The Los Angeles-based PacWest and
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