How stable are your deposits?
One of the underlying assumptions in advising to “go long” was that core deposits were as stable today as they were four years ago. I challenge that thinking. Average balances per account among most core deposit categories have been growing and I think customers are parking their money waiting for greener pastures. When they arrive, what will they do with that money? I put this question to Dallas Wells, an asset-liability specialist from Asset Management Group in Kansas City. I have followed Dallas’ writings on his informative blog for a while now and caught up with him at the Forum. Here is what he had to say.