The amount of money held by banks and financial institutions on the Island fell by £360 million at the end of last year.
According to the Financial Services Authority, deposits with Isle of Man licensee offices fell by 0.85 per cent to £41.82 billion between September and December.
It wasn't all bad news, however, as the year on year figures were up by just over 1 per cent.
At the end of December, deposits had risen by £420 million compared to the previous year's figure.
Date set for flagship maritime industry event
14th Aviation Conference takes place this week
Financial Intelligence Unit releases guide on spotting modern slavery
Total of 70 ships and companies sanctioned over Ukraine war
New stamps celebrate Island supercar culture
New survey to gauge how confident businesses are
Tynwald to consider scrapping some government agencies
Bank deposits up by nearly £3 billion on last year