US Federal Reserve has reported that a major deposit withdrawal took place last week from the nation’s bank accounts. The financial system has not seen such a fund outflow since the 9/11 attacks. $114 billion was withdrawn in the first week of January 2013 from the US’s 25 biggest banks. Deposits fell to below $5.37 trillion as a result, according to the Fed. The exodus from the US banking system took place in the week on the heels of the end of the Transaction Account Guarantee, as SV hitherto covered.