The Fed's 71 Percent of Bank Funding Today?

A letter to the chairman of an ranking member of the house financial services city warns of devastating consequences if the fed moves toward a cbd c um. Deposit accounts represent 71 percent of bank funding today, but up until the financial crisis, it was closer to 90 percent or a hundred percent. The pressure on small banks and credit unions to put the money in their investment portfolio and buy long treasuries is why they're trying to stop them from making loans.