First Republic's ($FRC@US) stock price continued to decline on Wednesday, with a drop of more than 29 percent, following a loss of nearly 50 percent on Tuesday. The bank's shares have fallen over 90 percent year to date and hit an all-time low on Wednesday. The decline was triggered by the loss of roughly 40 percent of its deposits in the first quarter, which came despite an infusion of $30 billion of deposits from 11 larger banks. The First Republic is reviewing strategic options to reshape its balance sheet and is trying to convince some banks to provide further support by buying some of its assets at above-market rates. If successful, it plans to raise equity, diluting current shareholders. Sources indicate that government officials are unwilling to intervene in the First Republic rescue process.