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First Republic gets $30 billion in deposits from 11 major U.S. banks, but stock resumes slide as it suspends dividend

Por: MarketWatch Politics March 17, 2023

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It held $34 billion in cash as of Wednesday, not including the additional $30 billion of uninsured deposits from the 11 banks. First Republic also disclosed that it borrowed between $20 billion and $109 billion at an overnight rate of 4.75% from the Federal Reserve between March 10 and March 15. Since close of business on March 9, the bank has also increased short-term borrowings from the Federal Home Loan Bank by $10 billion at a rate of 5.09%.... + full article



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