Deposit outflows after SVB collapse concentrated among “super-regionals” – NY Fed study

WASHINGTON (Reuters) – The shuffling of bank deposits following the collapse of Silicon Valley Bank, which triggered concerns about a broader crisis, was largely confined to “super regional” institutions in the $50 billion to $250 billion range, similar to SVB, New York Fed researchers concluded in a newly released study.

Deposits among “community and smaller regional banks… were relatively stable by comparison,” the researchers found, with the largest banks receiving inflows as money left the super-regional group.

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