It's not a technological problem. The Fed doesn't want narrow banks that only only keeps deposits safe and are deliberately blocking their formation. John Cochr

It's not a technological problem. The Fed doesn't want narrow banks that only only keeps deposits safe and are deliberately blocking their formation. John Cochrane speculated that the Fed is forcing deposits into risk taking lenders in the believe that it makes lending to businesses and consumers cheaper: https://johnhcochrane.blogspot.com/2019/03/fed-vs-narrow-banks.html https://johnhcochrane.blogspot.com/2019/03/fed-vs-narrow-ban...