Banking Conditions Survey

Special Questions

September 2022

For this survey, respondents were asked supplemental questions on deposits. Data were collected September 20–28, and 68 bankers responded to the survey.

1. What share of the July increase in the interest rate on reserve balances (IORB rate) did you pass through by way of deposit rate increases?

	Sept. '22 (percent)
Average response	20.7

NOTE: 57 responses.

2. What share of any 2022 increases in the interest rate on reserve balances (IORB rate) taking place after July do you expect to pass through by way of deposit rate increases?

	Sept. '22 (percent)
Average response	30.3

NOTE: 56 responses.

3. Over the past six weeks, how has your volume of core deposits changed?

	Sept. '22 (percent)
Increase	20.6
No change	47.1
Decrease	32.4

NOTE: 68 responses.

4. What change do you expect in your volume of core deposits over the next six weeks?

	Sept. '22 (percent)
Increase	17.9
No change	31.3
Decrease	50.7

NOTE: 67 responses.

Special Questions Comments

These comments have been edited for publication.

Phones are ringing, [with people] wanting 4 percent rates on certificates of deposit. This will kill our margins next year.
We are trying to minimize the rate shock by maximizing savings rates for those on fixed incomes and minimize loan rates to maximize monthly cash flow.

Questions regarding the Banking Conditions Survey can be addressed to Emily Kerr at emily.kerr@dal.frb.org.