Between the higher FDIC insurance costs, there is transactional costs and with all this instability and velocity will involve more expense, and they cannot know for sure if/how long the funds will be there so they don't want to over-extend their lending operations...it's a pickle to be sure...
Soon they'll be doing the Sweden/Swiss thing and have negative prime rates to keep cash away!
What this really illustrates is the fundamental failures of our economies, the banking actions are merely a reaction to that.
Instability and volatility are likely here to stay.