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NEW STIMULUS $3,000 4th Stimulus Check Update Unemployment PUA SSI SSDI Stimulus Checks
Here’s your daily stimulus check, your second stimulus check, your third stimulus check, your fourth stimulus check, executive actions, executive orders, and stimulus package update for Saturday, April 17th, 2021.
The U.S. government piled trillions of dollars of emergency funds into Americans’ bank accounts boosting the bottom lines of the banks that store their cash.
Lending giants reported huge profits this week, in part because stimulus payments have helped consumers bounce back from this crisis.
Bloomberg reported, “the emergency funds helped boost deposits at the four biggest U.S. banks to $6.9 trillion last quarter, up 15% from a year earlier.
Citigroup’s chief executive offer, Jane Fraser, stated, “This is the healthiest we have seen the consumer emerge from a crisis in recent history, driven in large part by the U.S. government stimulus package.”
Banks serve as a financial middlemen, benefiting from economic growth and profiting when customers spend money so seeing these numbers means we are in a great path ahead for an economic recovery.