Regions Financial Corp. RF, +0.71% , KeyCorp Key, -0.67%, and Fifth Third Bancorp FITB, -8.1% are the top nine regional banks according to total liquidity available to cover possible deposit outflows. Citi banking analyst Keith Horowitz stated this in a Thursday research note. Regions has approximately 145% liquidity available to cover uninsured deposits. KeyCorp currently has 136% and Fifth Third Bancorp 134%, respectively. Comerica is at the bottom with 96% coverage. Also U.S. Bancorp U.S. Bancorp has 98% coverage and Citizens Financial Group Inc. U.S. CFG has +0.74% 108%. Horowitz stated that while we recognize that the cost of funding the balance sheet using wholesale funding could be a significant earnings headwind, the purpose of the exercise is to demonstrate that enough liquidity is available in case of significant outflow. Horowitz stated that the Federal Home Loan Bank has reported that banks have a decreased demand for additional debt. This “suggests that either banks are looking to other sources of funding or their current demand has cooled.” The KBW Bank Index , -1.75 , is down 22.6% in 2023 due to the March 10 Silicon Valley Bank failure. This compares with a 2.8% increase in the S&P 500 yearly, and a 9.3% drop in the Financial Select SPDR Fund XLF.