Threats always seem more real when you can put a number on them, and that's just what's happening with banks and interest rates.

While Federal Reserve watchers sought to read the tea leaves Wednesday about its monetary policy plans, banks are already preparing for the fallout — large outflows of deposits next year as the Fed continues tapering and likely raises short-term rates.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.