"Super-regionals" bear brunt of deposit outflows following SVB collapse - NY Fed study

Deposit withdrawals from US banks after the collapse of Silicon Valley Bank were concentrated in around 30 "super-regional" institutions in the $50 billion to $250 billion range, similar to SVB, according to a study by the New York Fed. Deposits among thousands of "community and smaller regional banks... were relatively stable by comparison" during March, with the largest, systemically important firms receiving the deposits that left the super-regional group. Smaller banks were relatively unaffected, and the high level of uninsured deposits at SVB was a factor in its collapse.