No lie, I had an irrational fear that authorities would be summoned the first time I tried to deposit a large check (from consulting). I asked for a private conference with a banker so that I could explain the circumstances. Whereupon we had a very classic conversation:https://twitter.com/cperciva/status/1036423661673009153 …
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Banks have to carefully manage their mix of funding sources such that the ratio of demand deposits is reasonable and such that the diversity of sources of demand deposits is spread out, such that a single event doesn't cause them to have a liquidity crisis.
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It's awesome when you explain these things so clearly! Thanks Patrick!
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