Banks look to charge for holding customers’ money

万得福

This latest potential step would be a hit to depositors, already earning close to zero interest on checking and savings accounts.
But the banks say it’s a side effect of the Fed’s quantitative-easing strategy and its eventual tapering of its asset purchases of $85 billion a month, which has created high liquidity within banks. The report cited executives at two of the top five U.S. banks, who said a cut in the 0.25 percent rate of interest on the $2.4 trillion in reserves they hold at the Fed would lead them to pass on the cost to depositors.

If you look at the chart, the amount of cash held at the Fed used to be negligible but is now in excess of $2.3 trillion. The logic is that the Fed wants the banks to stop parking their “lazy cash” at the Fed and start doing something with it, say experts.

In the last few years, the debit-fee legislation coming out of the Durbin Amendment as part of the Dodd Frank Act has limited transaction fees imposed on merchants by debit card issuers. That has effectively hit consumer-banking revenues pretty hard, say analysts.

But the interest on excess reserves was a temporary stop-gap measure allowing banks to earn interest by holding money at the Fed. What the Fed is now saying is that it was never meant to be permanent.

ssgo2008

现在利率太低，印钱太多，其实就变相收税。

万得福

ssgo2008 发表于 2013-11-26 14:15
现在利率太低，印钱太多，其实就变相收税。

现在已经不是利率太低的问题了，是存钱要付给银行利息了。 你得感谢银行让你把钱放它那。

感觉美国人没啥人有存款。 如果大家都没有存款，银行的这么些钱哪来的？ 看上去大部分应该是富人的--是富人投资之外剩的钱。  

FED想让富人给他们抬轿子。从日本的经验看，这轿子太重，抬不动。 当然日本人可能更聪明，不上套。 不知道美国人会不会上套。  

archers

万得福 发表于 2013-11-26 15:22
现在已经不是利率太低的问题了，是存钱要付给银行利息了。 你得感谢银行让你把钱放它那。

感觉美国人没 ...

利率低的令人发指