Anatomy of the Bank Runs in March 2023

Marco Cipriani, Thomas Eisenbach and Anna Kovner

Richmond Fed Economic Brief, 2024, vol. 24, issue 39

Abstract: Runs have plagued the banking system for centuries and returned to prominence with the bank failures in early 2023. In a traditional run — such as depicted in classic photos from the Great Depression — depositors line up in front of a bank to withdraw their cash. This is not how modern bank runs occur: Today, depositors move money from a risky to a safe bank through electronic payment systems. In a recently published staff report, we use data on wholesale and retail payments to understand the bank run of March 2023.1 Which banks were run on? How were they different from other banks? And how did they respond to the run?

Keywords: banking; bank run (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.richmondfed.org/publications/research/economic_brief/2024/eb_24-39 Briefing (text/html)

Related works:
Working Paper: Anatomy of the Bank Runs in March 2023 (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedreb:99273

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Richmond Fed Economic Brief from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().