$57 billion withdrawn from commercial banks in the last week (May 3rd-10th).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!
by Dismal-Jellyfish 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 …
