The Fed's Balance Sheet: A Week Lag

The idea that money left small banks and went into larger banks, I think that's probably the right call. And that's certainly what we heard anecdotally from the bigger banks guy. So at the moment, there was a question as to whether or not those deposits would actually stick or be swept into treasuries. Now maybe the competition is a little bit less between an actual deposit and a treasury. The problem is obviously, you know, everything leading up to this has created some of the problems we're seeing.