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Yes, yes it does. The document says ... "Total Deposits Declined Substantially Quarter Over Quarter, but Insured Deposits Increased" Declined makes sense, "
by Ensorceled 3y ago
Yes, yes it does. The document says ... "Total Deposits Declined Substantially Quarter Over Quarter, but Insured Deposits Increased"
Declined makes sense, "lost" doesn't.
- dfxm12 3y agoDeclined makes sense, "lost" doesn't. "US banks declined $472B in deposits in the Q1 2023" (fdic.gov) So they turned the money down? No, that doesn't sound right...
- aezart 3y ago"US Bank deposits down $427B in Q1 2023" would make the most sense. I also read "lost" as "lost track of", as in "we received these deposits but then don't know where they went".