Q2 2015 U.S. Banking Review: Total Deposits

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Data compiled by the Federal Reserve shows that the total deposit base of all U.S. commercial banks is currently at a record high figure of $10.9 trillion. While this is more than double the $5 trillion in total deposits reported in late 2004, a bulk of the growth has come since 2010 – something that can be attributed to the prevalent low interest rate environment. This is because the record-low interest level has led individual as well as institutional investors to shift a bulk of their liquid assets into interest-bearing deposits due to the lack of many lucrative investment options – a phenomenon that in turn has hurt net interest margins for U.S. banks considerably.

Vía Forbes Real Time http://onforb.es/1L1qFku