US retail deposits registered strong
growth for the sixth consecutive quarter for the three months to 31
December.
Total deposits at
FDIC-insured institutions increased by 1.8% or $183.2bn in the
fourth quarter of 2011 quarter-on-quarter.
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Over the last six
quarters, deposits at FDIC-insured institutions have risen by more
than $1trn.
Most of the growth
consisted of non-interest-bearing transaction deposits; by
contrast, non-deposit liabilities declined by 4.5%.
Total estimated insured
deposits increased by 3.1% percent in the quarter ending December
31, and by 10.5% for all of 2011.
The combined market
shares of the largest 10 US retail banks continues to grow towards
50%; it totaled 46.9% at the end of 2011.
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By GlobalData
