US Domestic Bank Deposits Tumble As Money-Market Fund Assets Near Record-High Again
Image source: Pixabay
Money-market inflows continued for the seventh straight week getting close to $6.1 trillion...
Source: Bloomberg
As total seasonally-adjusted US bank deposits fell $41.5 BN...
Source: Bloomberg
While on a non-seasonally-adjusted basis, total US ban deposits rose $89BN...?
Source: Bloomberg
Excluding foreign deposits, domestic deposits soared almost $100BN (NSA) last week - the most since March (large banks +$78BN, small banks +$22BN), while on an SA basis deposits tumbled $36.5BN - most in two months (large banks -$30BN, small banks -$7BN)...
Source: Bloomberg
On the other side of the ledger, loan volume barely budged overall with large bank loan volumes rising just below $1BN and small bank loan volumes shrinking just less than $1BN...
Source: Bloomberg
US equity market cap surged back to a new record high, dramatically decoupled from bank reserves at The Fed...
Source: Bloomberg
Which is more likely to happen - a collapse in the US equity market or sudden surge in bank deposits at The Fed?
More By This Author:
May Payrolls Soar 272K, Above Highest Estimate, As Wages Come In Red HotECB Cuts Rates For The First Time Since 2019, Does Not "Pre-Commit To A Particular Rate Path"
Wall Street Admits The Biggest Economic Shocker: All Jobs In The Past Year Have Gone To Illegal Aliens
Disclosure: Copyright ©2009-2024 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every ...
more
Comments
