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Deposits at banks fell $114.1B to $5.37T in the week ended Jan. 9 - the biggest one-week decline...

Deposits at banks fell $114.1B to $5.37T in the week ended Jan. 9 - the biggest one-week decline since after 9/11 - following the ending of the FDIC's guarantee of deposits above $250K. Money-market funds, short-term Treasurys and recently of-interest short-maturity ETFs likely garnered the fleeing cash.
Comments (1)
  • Interesting Times
    , contributor
    Comments (9672) | Send Message
     
    Maybe it has to do with so many people who exausted their unemployment??

     

    Not so sure people are running to money markets right now!!
    23 Jan 2013, 07:08 AM Reply Like
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