Fed data shows credit card balances hitting a new all-time high, and FDIC call report data shows bank reserves increasing. However, absent dramatic rate cuts, net interest margins should improve as fixed-rate assets reprice higher. Competing forces such as these could help explain bankers' neutral outlook on economic conditions in the coming year>>https://ow.ly/ZG0G50T8Zom
IntraFi
Financial Services
Arlington, VA 6,079 followers
IntraFi invented reciprocal deposits & is the leading provider of FDIC-insured deposit solutions.
About us
IntraFi is the leading provider of FDIC-insured deposit solutions. Its network of nearly 3,000 banks—the largest of its kind—includes most of the nation’s community banks and minority depository institutions. Through the size and diversification of IntraFi’s network, members gain access to tens of billions of dollars in funding, the highest per-depositor and per-bank capacity, and the ability to request large-dollar placements on any business day.
- Website
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https://www.intrafi.com
External link for IntraFi
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Arlington, VA
- Type
- Privately Held
- Founded
- 2002
Locations
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Primary
1300 N. 17th Street
Suite 1800
Arlington, VA 22209, US
Employees at IntraFi
Updates
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Curious about what bank executives are thinking regarding deposit competition, funding costs, loan demand, and the economy? The most recent Intrafi Bank Executive Business Outlook Survey has got you covered. Leaders from more than 450 unique banks weighed in. Get the full report>> https://ow.ly/XV5250T3sfy
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"Generally, loan growth is slow coming out of second-quarter earnings reports so far," reports Bank Director (https://lnkd.in/eqPuHw6r). The article also references data from IntraFi's most recent bank survey, found here>>https://ow.ly/K9Cf50SZMjN
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Smaller banks added deposits in the second quarter, while super-regional and mega banks saw their deposit levels decline. >>https://lnkd.in/e9hAzdYt
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Despite the decline in check volume, check fraud is ballooning, according to 90% of respondents to our most recent Bank Executive Business Outlook Survey. Get the full report, which includes banker perspectives on deposit competition, loan demand, and funding costs.>>https://ow.ly/U5Re50SSp8a
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With markets seeing a September interest rate cut as increasingly likely, banks might expect deposit relief not only in terms of cost but also availability. Data shows that money market fund (MMF) yields are strongly correlated with changes in the Fed Funds Effective rate, meaning MMF yields will likely begin to fall soon after the Fed makes its first cut. In contrast, bank deposit data shows that banks passed along only 37% of the Fed’s rate cuts in the last falling-rate window from Q4 2019 to Q2 2020. https://lnkd.in/e4x5Sbup
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Go "Inside the CFPB’s Sprint to the Finish Line," with this week's Banking with Interest podcast. Alex Johnson, founder of Fintech Takes, discusses the CFPB’s race to complete as many regulatory initiatives — on earned wage access products, open data, privacy and more — ahead of the November election. And he talks about why banking as a service has turned into a “high-wire act without a safety net” in the wake of the Synapse bankruptcy. Listen today>>https://ow.ly/z9SZ50SOk7S
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American Banker’s Kate Berry breaks down IntraFi’s banker survey on check fraud, with 90% experiencing an increase over the past few years. Nearly half say it’s up more than 30%. Read more in American Banker here>> ow.ly/U3tI50SMuNY
Bankers want regulators, police to get serious about check fraud
americanbanker.com
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“Are You Ready for the Historic Deposit Term Tsunami?” (https://ow.ly/ZcRI50SKWMn) asks The Financial Brand. IntraFi can help you strategize ways to retain CD customers using its market-leading CDARS service, which enables banks to set their own rates, and provides numerous highly desirable benefits that help boost customer retention. Learn more>> https://ow.ly/joUB50SKWMm
Are You Ready for the Historic Deposit Term Tsunami?
thefinancialbrand.com
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"Losses from check fraud are approaching debit card levels," per @AmerBanker (https://bit.ly/3Sq1cxQ). Get unique insight on how policymakers can address the issue from Frank Abagnale Jr., an expert on check forgery and subject of “Catch Me If You Can." >> https://apple.co/4c1nsFd
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