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Economic Commentary

Deposit Rates and Local Markets

Commercial banks and thrift institutions have always competed aggressively for deposits, but in today’s market they must increasingly rely on rate competition to attract depositors. They have to do this because recent changes in regulations have transformed the deposit market.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Watro, Paul R. 1985. “Deposit Rates and Local Markets.” Federal Reserve Bank of Cleveland, Economic Commentary 2/15/1985.