Episode 142: 22 banks saw major deposit runs amid March 2023 crisis!

This episode examines an explosive new report from the Federal Reserve Bank of New York titled “Tracing Bank Runs in Real Time.” The study found that 22 banks experienced deposit runs during the March 2023 banking crisis. The findings in this report suggest that modern payment systems are adding a complexity to bank runs that is not yet fully understood. A link to the report is below.

Link - sr1104.pdf (newyorkfed.org)