Several people in line in front of me at Wells Fargo right now withdrawing cash. I overheard one guy arguing with the teller that he only wanted cash and not a cashier’s check. They ended up taking ...
"To quantify it, US banks have $17.6 trillion in deposits, of which $3.1 trillion is backed up by cash, of which less than $100 billion ($0.1 trillion) is backed up by physical cash."
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