Deposits Still Flow In with Light Priming

Landy, Heather
January 2010
American Banker;1/26/2010, Vol. 175 Issue 13, p1
Trade Publication
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.


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