Deposits at the nation's largest banks increased slightly in the first six months, with much of the gain due to acquisitions, even as customers continued to drain funds from low-rate bank accounts in search of more lucrative investments.

According to the American Banker's semiannual survey of the 300 largest commercial banks, deposits rose by $16.3 billion, or 0.9%, in the first six months, to $1.75 trillion from $1.73 trillion at yearend. (See tables beginning on page, 6.)

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