Mystery: $114 billion withdrawn from banks

More than $114 billion has been withdrawn from the nation’s biggest banks in the first full week of January, and industry analysts are struggling to understand why.

The Federal Reserve’s latest figures indicate the largest one-week withdrawal amounts from U.S. banks since Sept. 11, 2001, terrorist attacks. The $114 billion represents 2 percent of the nation’s 25 biggest banks’ coffers.

One guess as to what’s going on: The Transaction Account Guarantee program, a government action aimed at protecting the solvency of smaller banks, ended on Dec. 31. TAG was a 2008 government creation that offered smaller banks unlimited insurance on money in certain accounts. The program’s end was expected to bring more withdrawals — but the smaller banks only lost .9 percent of their deposits.

Another guess: The Feds’ records are “wacky,” one analyst muses, in various media reports.

Read more: http://www.washingtontimes.com/news/2013/jan/24/mystery-114-billion-withdrawn-banks/#ixzz2JXsYoJ4j
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About Laura

I am a starseed, possibly from the Pleiadies or Andromeda. I am on this journey since age 3, so.. for 35 years.. and i am doing spiritual group work for over 15 years also. I enjoy poetry, music, nature, animals, joking, having fun, listening to spirit. I have connected with many star beings, from various worlds, humanoid or not. Connections happen while awake or in dream like state. Shall we expand our consciousness together.

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One Comment on “Mystery: $114 billion withdrawn from banks”

1. cuthelain

   February 1, 2013

   

   Hasn’t the Fed contract ended now? Odd that they still exist. Thats why I took my $114 billion out

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