Bank Executive Business Outlook Survey Q1 2023

Following the failures of Silicon Valley Bank and Signature Bank in March 2023, there were concerns that other institutions could fail. On May 1 (after the collection of data for this report was complete), First Republic Bank, which had teetered on the edge for weeks, also failed.

But IntraFi's first quarter survey shows that those institutions were in a uniquely risky position.

• The vast majority of banks don’t have high levels of uninsured deposits
• Most banks didn’t experience big deposit inflows or outflows after the SVB and Signature Bank failures
• Only a small number of banks used the Federal Reserve’s new Bank Term Funding Program (BTFP)
• Depositor anxiety regarding deposit safety rose 

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