Deposit Specialization and Lending Behavior

Kristian Blickle, Cecilia Parlatore () and Anthony Saunders
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Cecilia Parlatore: https://www.stern.nyu.edu/faculty/bio/cecilia-parlatore

No 1175, Staff Reports from Federal Reserve Bank of New York

Abstract: Using granular supervisory data on deposits, loans, and securities for the largest U.S. banks, we document persistent differences in depositor structures that directly shape asset structures. Retail-depositor oriented banks, for instance, enjoy cheap and stable funding. They thus hold lower-rate, longer-maturity loans and conduct more real estate lending than NBFI-depositor oriented banks. This has aggregate implications. Using exogenous deposit growth around COVID, we show bank depositor orientation shapes their response to deposit growth as well as to interest rate changes. Finally, we augment the paper with a risk measure that captures deviations between asset duration and liability maturity.

Keywords: bank funding; lending; depositor flightiness; depositor structure; deposits; volatility; financial stability; lending decisions; loan terms (search for similar items in EconPapers)
JEL-codes: G01 G20 G21 (search for similar items in EconPapers)
Pages: 53
Date: 2025-12-01
Note: Revised July 2026.
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DOI: 10.59576/sr.1175

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