Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent shifted or withdrew deposits, including IRA or 401(K) accounts, from a financial institution over concern about the financial viability of that institution or the financial system as a whole since September 1st.
20b. Did increasing government insurance on deposits up to $250,000 per account in financial institutions affect your decision to:?
| Response | ||||
|---|---|---|---|---|
| 1 | Keep deposits in them | 21 | ||
| 2 | Add to deposits in them | 8 | ||
| 3 | Withdraw deposits from them | 5 | ||
| 4 | Have no effect on your decisions | 67 | ||
| 5 | DK/Refuse | 0 | ||
| Total (%) | 101 | |||
| N | 120 | |||
Notes: The increase of government insurance on deposits up to $250,000 per account in financial institutions affected 21 percent of small employers who shifted or withdrew deposits, including IRA or 401(K) accounts, from a financial institution over concern about the financial viability of that institution or the financial system as a whole since September 1st to keep deposits in them (Q#20b).
