US banks shaken by biggest fund withdrawals since 9/11

US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. 

The financial system has not seen such a massive fund outflow since 9/11 attacks. 

­The first week of January 2013 has seen $114 billion withdrawn from 25 of the US’ biggest banks, pushing deposits down to $5.37 trillion, according to the US Fed. 

Financial analysts suggest it could be down to the Transaction Account Guarantee insurance program coming to an end on December 31 last year and clients moving their money that is no longer insured by the government.

This was first reported on January 25, 2013 but lets keep up the momentum, keep withdrawing your money from the federal reserve.  Put into credit unions.  This is where you can hit them where it hurts!  In their money belts!!