TITLE

Deposits Still Flow In with Light Priming

AUTHOR(S)
Landy, Heather
PUB. DATE
January 2010
SOURCE
American Banker;1/26/2010, Vol. 175 Issue 13, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the growth of bank deposits in the U.S. During the fourth quarter of 2009 deposits increased 8%, despite few incentives and low interest rates. Andrew Cecere of U.S. Bancorp notes that banks are benefiting from a greater propensity among consumers to save. Professor Gordon Karels says that bank deposits are a safe, short-term refuge for cash.
ACCESSION #
47727505

 

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