Skip to main content
Federal Reserve Supervision Outreach Resources for Bankers

PostsPosts


Higher Deposit Costs Continue to Challenge Banks

Carl White

One of the pressures the banking industry has faced over the past two years is the rising cost of deposits. Rates paid on deposits have risen sharply since March 2022, when the Federal Reserve began tightening monetary policy. Although last week’s reduction in the Fed’s target range for the federal funds rate promises relief, there are factors other than monetary policy at play.

Read More about Higher Deposit Costs Continue to Challenge Banks