Q2 2015 U.S. Banking Review: Total Deposits

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 ...