Consumers are clearly in the driver's seat these days as they account for nearly the bulk of all bank deposit dollars.
Ninety cents of every bank deposit dollar now flows from retail consumers, according to research firm Market Rates Insight. Retail deposits increased from 83% of all domestic deposits in 2008 to 90% as of June 2011. Credit union activity was not tracked.
In dollar amounts, retail consumer deposits grew from $5.8 billion in June of 2008 to $7.4 billion in June of this year.
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