Changes in Brokered Deposits at 36 Banks — WSJ
Brokered deposits accounting for more than 10% of domestic deposits can make regulators wary. The Federal Deposit Insurance Corp. can charge higher insurance fees to banks that have high concentrations of brokered deposits.
Brokered Deposits as a Share of All Domestic Deposits, This Year Vs Last Year 2Q 2023 2Q 2022 Domestic Percent Domestic Percent Deposits Brokered Deposits Brokered JP Morgan Chase $2.068T 4.39% $2.128T 2.87% Bank of America $1.879T 1.78% $1.964T 0.04% Citibank $742.47B 9.54% $753.68B 8.58% Wells Fargo $1.360T 6.39% $1.442T 0.49% U.S. Bancorp $526.74B 6.65% $455.31B 6.25% PNC Bank $434.51B 1.99% $446.68B 0.65% Truist Financial $418.24B 7.72% $435.44B 5.26% Goldman Sachs $352.19B 20.63% $343.13B 30.47% Capital One $367.82B 5.42% $313.95B 1.66% TD Bank $303.90B 0.71% $356.36B 0.62% Bank of NY Mellon $193.69B 0.56% $213.70B 0.01% State Street $164.78B 6.96% $166.58B 6.16% BMO Harris Bank $202.24B 6.97% $133.33B 2.05% Citizens Financial $180.71B 4.89% $181.57B 2.46% First Citizens Bank $141.34B 2.25% $89.43B 1.33% M&T Bank $165.25B 7.72% $173.07B 2.28% Fifth Third Bank $169.65B 4.01% $166.58B 2.19% Morgan Stanley Bank $175.79B 22.22% $169.57B 7.02% Morgan Stanley Priv Bank $179.78B 20.84% $182.63B 5.11% KeyCorp $148.18B 5.76% $149.41B 0.09% Huntington Bank $152.05B 3.32% $148.69B 2.68% Ally Financial $158.82B 8.61% $142.59B 4.88% American Express $135.60B 23.03% $104.57B 22.14% HSBC Bank $131.84B 13.62% $130.88B 14.35% Northern Bank $39.50B 0.00% $54.63B 0.00% Regions Bank $129.40B 1.56% $139.56B 1.05% Discover $101.21B 20.12% $79.90B 14.46% Flagstar Bank $88.63B 10.46% $41.38B 10.82% Santander Bank $77.10B 9.76% $71.87B 0.00% City National Bank $73.92B 11.40% $79.76B 0.03% Comerica $67.61B 7.63% $76.90B 0.66% Zions Bancorp $74.32B 11.37% $79.06B 0.00% First Horizon $66.59B 5.57% $71.88B 0.78% Webster Financial $59.03B 5.48% $53.22B 0.24% East West Bank $53.15B 6.82% $51.58B 6.83% Western Alliance Bank $51.29B 35.64% $54.03B 6.58%
Source: FDIC
(END) Dow Jones Newswires
September 12, 2023 08:15 ET (12:15 GMT)
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