Share of FDIC-insured deposits at largest U.S. banks Q4 2022
As of the fourth quarter of 2022, Capital One, Citizens Bank, and PNC had the highest share of deposits below 250,000 U.S. dollars as a percentage of total deposits among the observed banks. Both Silicon Valley Bank (SVB) and Signature Bank had a disproportionately low share of deposits less than 250,000 U.S. dollars. As deposits below 250,000 U.S. dollars are typically insured by the Federal Deposit Insurance Corporation (FDIC), this means that both of these banks were highly exposed to risk of a bank run. The collapse of SVB and Signature Bank in March 2023 were among the largest bank failures in U.S. bank history.
