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.
(Reporting by Howard Schneider; Editing by Toby Chopra)
