Maybe the 19% could simply represent more uninsured money, not more deposits? You can actually have more than 100,000 coverage on one account in one bank, you just have to structure your account vesting and beneficiaries accordingly. Back in 1991 people were very concerned, having clear recollection of the S&L crisis, about making sure every dollar in the bank was insured. Until the last few weeks, I haven't heard people talking about FDIC insurance coverage so I would expect more people making a trip into the bank to close accounts and at that point being told how to get more insurance without moving the money.
I took my next door neighbor to the bank a few years back to fix his account. He takes care of his mom who is in a home and sold her house. He was travelling every month to six banks to collect the interest from 100,000 dollar CD's and deposit it in a seventh bank. We were able to move all $625,000 to one bank and its all insured.
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