Customers using banks as a mattress a place to store cash.

• Position: MARKETING NEWS - Brief article

IT WOULD SEEM LIKE GOOD NEWS FOR

BANKS: Customers today are hoarding large amounts of cash in their bank accounts, according to, an article in The Washington Post.

The average checking account balance was $4,436 at the end of 2013, nearly double the average balance--$ 2,100--during the last 23 years. The information was released by Moebs Services, an economic research firm

Bank balances tend to rise during periods ot economic uncertainty and fall when the economy is healthy, the...