{"id":1272083,"date":"2023-05-05T14:10:52","date_gmt":"2023-05-05T18:10:52","guid":{"rendered":"https:\/\/bugaluu.com\/news\/deposit-outflows-continue-with-foreign-banks-bleeding-most\/1272083\/"},"modified":"2023-05-05T14:10:52","modified_gmt":"2023-05-05T18:10:52","slug":"deposit-outflows-continue-with-foreign-banks-bleeding-most","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/deposit-outflows-continue-with-foreign-banks-bleeding-most\/1272083\/","title":{"rendered":"Deposit Outflows Continue With Foreign Banks Bleeding Most"},"content":{"rendered":"<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" href=\"https:\/\/www.zerohedge.com\/markets\/deposit-outflows-continue-foreign-banks-bleeding-most\" rel=\"noopener\"><img decoding=\"async\" width=\"100\" data-entity-type=\"file\" data-entity-uuid=\"433cd081-4908-4863-a125-352e82a3828b\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm2F06_0.jpg?itok=D5Aticoe\" alt=\"\"><\/a><\/div>\n<p><span class=\"field field--name-title field--type-string field--label-hidden\">Deposit Outflows Continue With Foreign Banks Bleeding Most<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>After <a target=\"_blank\" href=\"https:\/\/www.zerohedge.com\/markets\/massive-retail-money-market-inflows-suggest-bank-deposit-run-accelerating\" rel=\"noopener\">yesterday&#8217;s massive money market inflows<\/a>, expectations are that tonight&#8217;s data from <a target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/releases\/h8\/\" rel=\"noopener\">The Fed&#8217;s H.8 report <\/a>will show major deposit outflows from US commercial banks (despite today&#8217;s exuberant bounce in some regional bank shares). Bear in mind, <a target=\"_blank\" href=\"https:\/\/www.zerohedge.com\/markets\/massive-retail-money-market-inflows-suggest-bank-deposit-run-accelerating\" rel=\"noopener\">as we detailed yesterday,<\/a> that <strong>The Fed&#8217;s emergency bank rescue facility usage remains extremely high<\/strong> and has shown now signs at all of easing&#8230;<\/p>\n<\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>On a seasonally-adjusted basis, <strong>total US Commercial Bank deposits fell $12.5 billion<\/strong> during the week ended 4\/26&#8230;<\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm179_0.jpg?itok=rDptboHr\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm179_0.jpg?itok=rDptboHr\" rel=\"noopener\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>However, on a seasonally adjusted basis, <strong>US commercial bank deposits (ex-large time deposits) increased last week <\/strong><em>(during the week-ending 4\/26),<\/em> <strong>rising $10.92 billion&#8230;<\/strong><\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfmFBA6_0.jpg?itok=-idFKja0\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmFBA6_0.jpg?itok=-idFKja0\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"2bb8a84f-251d-42a7-a330-098d46ef5bd8\" data-responsive-image-style=\"inline_images\" height=\"269\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfmFBA6_0.jpg?itok=-idFKja0\" alt=\"\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>On a non-seasonally-adjusted basis, <strong>US commercial bank deposits (ex-large time deposits) tumbled again, down $113 billion<\/strong> (also at its lowest since April 2021)&#8230;<\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm8D93_2.jpg?itok=nyeTBngs\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm8D93_2.jpg?itok=nyeTBngs\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"007e46d1-ac97-458b-a0fd-a7bf0890d76f\" data-responsive-image-style=\"inline_images\" height=\"271\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm8D93_2.jpg?itok=nyeTBngs\" alt=\"\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><strong>That is over $360 billion in outflows in the last 3 weeks&#8230; but but but SVB fixed everything?<\/strong><\/p>\n<p>And judging by yesterday&#8217;s money market inflows, the deposit outflows continued this week (remember, despoist data is lagged a week to money market and Fed balance sheet data)&#8230;<\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm3902.jpg?itok=R-1nBGKl\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm3902.jpg?itok=R-1nBGKl\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"af4f872c-af96-4d79-8051-a1720b54522b\" data-responsive-image-style=\"inline_images\" height=\"281\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm3902.jpg?itok=R-1nBGKl\" alt=\"\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Large and Small banks saw very modest inflows (on a seasonally adjusted basis) but foreign banks saw large outflows&#8230;<\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm8D14.jpg?itok=PsngcjZC\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm8D14.jpg?itok=PsngcjZC\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"7dfe5fc1-489d-45ba-aade-1954b167394e\" data-responsive-image-style=\"inline_images\" height=\"272\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm8D14.jpg?itok=PsngcjZC\" alt=\"\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Foreign banks saw the biggest weekly outflows since 6\/30\/2021&#8230;<\/p>\n<ul>\n<li>\n<p>Large Banks +$10.3 billion<\/p>\n<\/li>\n<li>\n<p>Small Banks +$584 million<\/p>\n<\/li>\n<li>\n<p><strong>Foreign Banks -$22.14 billion<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm39E6_0.jpg?itok=yWNzE0Gt\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm39E6_0.jpg?itok=yWNzE0Gt\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"ab0c1f50-6c5e-483f-9af6-274c45342cb3\" data-responsive-image-style=\"inline_images\" height=\"279\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm39E6_0.jpg?itok=yWNzE0Gt\" alt=\"\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><u><strong>However, what really matters is the non-seasonally-adjusted data which saw major outflows across small, large, and foreign banks&#8230;<\/strong><\/u><\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/image%20%2846%29_3.png?itok=OsZyASGn\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/image%20%2846%29_3.png?itok=OsZyASGn\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"b3ebb2b4-689f-4226-b63a-8a69e660f6db\" data-responsive-image-style=\"inline_images\" height=\"238\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/image%20%2846%29_3.png?itok=OsZyASGn\" alt=\"\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>On the other side of the ledger, <strong>Commercial\u00a0bank lending\u00a0rose $41.6 billion in the week ended April 26<\/strong> after increasing $12.4 billion the prior week, according to seasonally adjusted data.<\/p>\n<p><strong>Small bank lending exploded higher to $30.6 billion&#8230;<\/strong><\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfmB632.jpg?itok=yAHjzpMH\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmB632.jpg?itok=yAHjzpMH\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"4f6ad0ab-ac51-441c-82b0-7b165f8b06fd\" data-responsive-image-style=\"inline_images\" height=\"281\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfmB632.jpg?itok=yAHjzpMH\" alt=\"\"><\/a><\/p>\n<p><u><strong>Small Bank Weekly Change:<\/strong><\/u><\/p>\n<ul>\n<li>\n<p>Small Bank C&amp;I Loans: +$1.1BN<\/p>\n<\/li>\n<li>\n<p><strong>Small Bank Real Estate Loans: +$20.6BN<\/strong><\/p>\n<\/li>\n<li>\n<p>Small Bank Consumer Loans: +$5.3BN<\/p>\n<\/li>\n<li>\n<p>Small Bank All other Loans and Leases: +$3.7BN<\/p>\n<\/li>\n<\/ul>\n<p>Anyone else wonder how and to whom the small banks lent that much in CRE loans? Money good?<\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/image%20%2844%29_3.png?itok=19h0hVOx\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/image%20%2844%29_3.png?itok=19h0hVOx\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"e7ac339a-2941-4d7f-b05a-aeddaf8c5bc8\" data-responsive-image-style=\"inline_images\" height=\"288\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/image%20%2844%29_3.png?itok=19h0hVOx\" alt=\"\"><\/a><\/p>\n<p><u><strong>Large Bank Weekly Change:<\/strong><\/u><\/p>\n<ul>\n<li>\n<p>Large Bank C&amp;I Loans: -$0.4BN<\/p>\n<\/li>\n<li>\n<p><strong>Large bank Real Estate Loans: -$1.7BN<\/strong><\/p>\n<\/li>\n<li>\n<p>Large Bank Consumer Loans: +$4.4BN<\/p>\n<\/li>\n<li>\n<p>Large Bank All other Loans and Leases: +$7.4BN<\/p>\n<\/li>\n<\/ul>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/image%20%2845%29_4.png?itok=P1TlqqEc\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/image%20%2845%29_4.png?itok=P1TlqqEc\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"6b429a6d-bf5b-428c-b00b-a9f4f6138541\" data-responsive-image-style=\"inline_images\" height=\"292\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/image%20%2845%29_4.png?itok=P1TlqqEc\" alt=\"\"><\/a><\/p>\n<p>Despite today&#8217;s bounce, it was another ugly week for bank stocks(big and small)&#8230;<\/p>\n<p><a target=\"_blank\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfmA7F5_0.jpg?itok=X9Pgvd05\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmA7F5_0.jpg?itok=X9Pgvd05\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"f5e62aff-64c5-4ce0-b788-07711013f1db\" data-responsive-image-style=\"inline_images\" height=\"284\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfmA7F5_0.jpg?itok=X9Pgvd05\" alt=\"\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>So you still believe the banking crisis over?<\/p>\n<p>Finally, we remind readers, this data does not include this week&#8217;s potential problems (as the deposit and loan data is lagged by a week).<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a target=\"_blank\" title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\" rel=\"noopener\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Fri, 05\/05\/2023 &#8211; 16:44<\/span><\/p>\n<p>From:<a href=\"https:\/\/www.zerohedge.com\/markets\/deposit-outflows-continue-foreign-banks-bleeding-most\" target=\"_blank\" title=\"Deposit Outflows Continue With Foreign Banks Bleeding Most\" rel=\"noopener\">Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deposit Outflows Continue With Foreign Banks Bleeding Most After yesterday&#8217;s massive money market inflows, expectations are that tonight&#8217;s data from The Fed&#8217;s H.8 report will&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1272083","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1272083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1272083"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1272083\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1272083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1272083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1272083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}