In the reading it was stated that banks in some areas were closed even though they had more total deposits than some banks that remained open. Did the data take into account how long the money remained in the accounts?
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I don’t quite understand this: “banks in some areas were closed even though they had more total deposits than some banks that remained open.” As for the deposits, you can trace overall deposit flows in banks but I am not sure you can nail it down by census tract like you can with loans. That’s a good question and worth checking later.
Day 2 Page A1, there was a comment about banks being closed that had more deposits than some in white neighborhoods that remained open. Did the data account for how long the deposits actually stayed in the account? For example a direct deposit paycheck that is fully withdrawn the next day spent virtually no time in the bank.