In contrast, as of July 31 of this year, the federal government’s total debt stands at $19.845 trillion, according to the Treasury Department. Nearly all of it is subject to the statutory debt ceiling, which is currently set at just under $19.809 trillion. As a result, as of the end of July there was just […]
Tim Freese
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Community banks obtain deposits from local individuals and businesses and lend them out to local borrowers to help fund local home purchases, the creation and expansion of businesses in our area, and other personal and business-related needs. Funds not lent are typically invested in secure, U.S. government-backed securities. Those deposits if held at a large […]