Some Americans have been happier while looking at their bank balances recently.
Deposits are growing at banks, credit unions and “thrifts,” a term for savings and loans associations. At those financial institutions, deposits reached their highest levels since 2006 in the first quarter of 2017, according to a report Tuesday from Moebs Services, an economic research firm. The firm analyzed about 11,800 financial institutions.
In the first quarter of 2017, deposits reached a level of 77.6%, when measured as a percentage of the institutions’ total assets. Deposits are up 10.2% at all banks since 2006, 17% at thrifts and 0.4% at credit unions, Moebs found.
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