Hidden Cost of Better Bank Services: Carefree Depositors in Riskier Banks?

Dong Beom Choi and Ulysses Velasquez
Staff Reports, Number 760, January 2016
Revised January 2017

Author Disclosure Statement

Dong Beom Choi
I am employed by the Federal Reserve Bank of New York. The views expressed in the article under submission reflect my views and the views of my co-authors, but do not necessarily represent the views of the Federal Reserve Bank of New York, Federal Reserve Board, or the Federal Reserve System.

I have not received outside financial support for the research in this article. I have not received any fees or payments from any institutions that might be relevant to the content of the research under submission. No close relative has received funding or financial support, or is an officer, director, or board member of any relevant organization. The article was vetted prior to circulation outside the Federal Reserve Board and the Federal Reserve Bank of New York.

Ulysses Velasquez
I am employed by the Federal Reserve Bank of New York. The views expressed in the article under submission reflect my views and the views of my co-authors, but do not necessarily represent the views of the Federal Reserve Bank of New York, Federal Reserve Board, or the Federal Reserve System.

I have not received outside financial support for the research in this article. I have not received any fees or payments from any institutions that might be relevant to the content of the research under submission. No close relative has received funding or financial support, or is an officer, director, or board member of any relevant organization. The article was vetted prior to circulation outside the Federal Reserve Board and the Federal Reserve Bank of New York.