Bucking wider trend, Citi’s cash trove ends 2022 up 31%

Liquid balances surged 14% in the last quarter of the year alone

Citi’s cash balances with the Federal Reserve and other banks rose by 31% in 2022, in stark contrast with its US peers, whose cash holdings were down by as much as a third.

As of December 31, Citi held $342 billion in accounts at central and commercial banks, up from $262 billion at end-2021 and the most of any US bank but JP Morgan. Balances rose 14% in three months, in steep acceleration from previous quarters.

  //

 

Bank of America, Wells Fargo and JP Morgan, meanwhile, cut cash holdings

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: