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U.S. bank deposits fall for the first time since 1940s

U.S. bank deposits are positive year-on-year from 1948 to 2021. Total US bank deposits will fall year-on-year in 2022 for the first time since 1948. Data released by the Federal Deposit Insurance Corporation (FDIC). Bank deposits fell to $19.2 trillion. The plunge followed a year marked by high inflation and rising interest rates, a trend […]

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