Brokered deposits accounting for more than 10% of domestic deposits can make regulators wary. The Federal Deposit Insurance Corp. can charge higher insurance fees to banks that have high concentrations of brokered deposits.

 
Brokered Deposits as a Share of All Domestic Deposits, This Year Vs Last Year 
 
                               2Q 2023                   2Q 2022 
                         Domestic   Percent       Domestic   Percent 
                         Deposits   Brokered      Deposits   Brokered 
JP Morgan Chase           $2.068T      4.39%       $2.128T      2.87% 
Bank of America           $1.879T      1.78%       $1.964T      0.04% 
Citibank                 $742.47B      9.54%      $753.68B      8.58% 
Wells Fargo               $1.360T      6.39%       $1.442T      0.49% 
U.S. Bancorp             $526.74B      6.65%      $455.31B      6.25% 
PNC Bank                 $434.51B      1.99%      $446.68B      0.65% 
Truist Financial         $418.24B      7.72%      $435.44B      5.26% 
Goldman Sachs            $352.19B     20.63%      $343.13B     30.47% 
Capital One              $367.82B      5.42%      $313.95B      1.66% 
TD Bank                  $303.90B      0.71%      $356.36B      0.62% 
Bank of NY Mellon        $193.69B      0.56%      $213.70B      0.01% 
State Street             $164.78B      6.96%      $166.58B      6.16% 
BMO Harris Bank          $202.24B      6.97%      $133.33B      2.05% 
Citizens Financial       $180.71B      4.89%      $181.57B      2.46% 
First Citizens Bank      $141.34B      2.25%       $89.43B      1.33% 
M&T Bank                 $165.25B      7.72%      $173.07B      2.28% 
Fifth Third Bank         $169.65B      4.01%      $166.58B      2.19% 
Morgan Stanley Bank      $175.79B     22.22%      $169.57B      7.02% 
Morgan Stanley Priv Bank $179.78B     20.84%      $182.63B      5.11% 
KeyCorp                  $148.18B      5.76%      $149.41B      0.09% 
Huntington Bank          $152.05B      3.32%      $148.69B      2.68% 
Ally Financial           $158.82B      8.61% 
 
   $142.59B      4.88% 
American Express         $135.60B     23.03%      $104.57B      22.14% 
HSBC Bank                $131.84B     13.62%      $130.88B      14.35% 
Northern Bank             $39.50B      0.00%       $54.63B       0.00% 
Regions Bank             $129.40B      1.56%      $139.56B       1.05% 
Discover                 $101.21B     20.12%       $79.90B      14.46% 
Flagstar Bank             $88.63B     10.46%       $41.38B      10.82% 
Santander Bank            $77.10B      9.76%       $71.87B       0.00% 
City National Bank        $73.92B     11.40%       $79.76B       0.03% 
Comerica                  $67.61B      7.63%       $76.90B       0.66% 
Zions Bancorp             $74.32B     11.37%       $79.06B       0.00% 
First Horizon             $66.59B      5.57%       $71.88B       0.78% 
Webster Financial         $59.03B      5.48%       $53.22B       0.24% 
East West Bank            $53.15B      6.82%       $51.58B       6.83% 
Western Alliance Bank     $51.29B     35.64%       $54.03B       6.58% 
 

Source: FDIC

(END) Dow Jones Newswires

September 12, 2023 08:15 ET (12:15 GMT)

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