US Bank Deposits Fall Sharply for Second Straight Week

The video discusses recent changes in the banking system, highlighting a significant decline in deposits across both large and small banks. While money market funds have seen an increase, it does not compensate for the overall outflow of funds. The video speculates on potential destinations for these funds, such as treasuries or NFTs, indicating a shift in financial behavior.

What was the total amount of deposits mentioned in the text?

How much did money market funds gain during the last month?

What significant change occurred in the banking system according to the text?

What are some possible reasons for the decline in deposits?

What comparison is made regarding the amount of money in banks now versus a week ago?