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davepamn davepamn
 

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 M¢25  Funded By Mahalo ? |  July 17, 2009 02:45 PM

Are banks brimming with cash?

The credit market is hammer, but are banks brimming with cash from deposits?
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krysstel krysstel
 
 July 17, 2009 03:59 PM
Our bankers note that they are living on the edge of conservation, with very little new deposits, and people keeping what savings they have intact.

They politely grimace when I take out a cd.

I'm building a house for a young couple. :)

Okay, SOMEONE is spending money.

Just wish the general economy would pick it. It is depressing and not productive for anyone!
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davepamn davepamn
 
July 20, 2009 02:18 AM
The banks are loaning to big customers. They have alot of money to loan but are fearful to loan.

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ayla_zed ayla_zed
 
July 17, 2009 03:22 PM
No. They are Castles of Paper.

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krysstel krysstel
 
July 17, 2009 03:59 PM
I have to say that your clever humor made me smile :)
But it is scarry, you know! ;-)
FDIC insurance (if that helps) we can hope!

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davepamn davepamn
 
July 17, 2009 05:43 PM
Do you respect Steve Forbes?

Forbes claims banks are brimming with money.

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hushnow hushnow
 
July 20, 2009 12:34 AM
Money and cash are two very very different things. Most people get paid with a check- not cash. We actually rarely ever see cash in our home. And I'd venture to say (though I can't prove) that most deposits that people make are with a check, rather than with cash.

Our banks brimming with cash- NO! In fact, most banks keep a large chunk of their cash either in vaults or with the Federal Reserve.

Are they brimming with money- well that depends on the bank. Most people have balances on their bank account that "contain" more money than the bank has on hand.

I agree that people are putting more money into savings at this time instead of spending it. But I also imagine that banks are sticking to the minimum reserve requirements and loaning that money out as soon as they get it in there.

Just my two cents :)
Source(s):
Macroeconomics, 7th edition by David Colander.


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