{"id":1481277,"date":"2024-08-02T20:40:00","date_gmt":"2024-08-03T00:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1481277"},"modified":"2024-08-02T20:40:00","modified_gmt":"2024-08-03T00:40:00","slug":"fed-finagles-173-billion-in-positive-us-bank-deposit-adjustments-in-the-last-3-weeks","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/fed-finagles-173-billion-in-positive-us-bank-deposit-adjustments-in-the-last-3-weeks\/1481277\/","title":{"rendered":"Fed Finagles $173 Billion In (Positive) US Bank Deposit ‘Adjustments’ In The Last 3 Weeks"},"content":{"rendered":"

Fed Finagles $173 Billion In (Positive) US Bank Deposit ‘Adjustments’ In The Last 3 Weeks<\/span><\/p>\n

\n

For the third straight week, US bank total deposits rose last week (+$16.7BN) on a seasonally-adjusted basis…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Meanwhile, on a non-seasonally-adjusted basis, US bank total deposits dropped (for the third straight week) by $55.7BN (back near two-month lows)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

And that means, excluding foreign deposits, we have a third straight week of domestic deposit inflows (SA) and outflows (NSA<\/strong>). Last week saw $53BN in NSA outflows (large bank -$54BN, small bank +$1BN) morphed into $26BN of SA inflows (large bank +$11BN, small bank +15BN)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Over the last three weeks, domestic deposits have risen $89BN (SA) or fallen $84BN (NSA)…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Obviously, given our lack of PhD-ness, we could not possible question the reality of either of these streams of data – but $173BN difference in three weeks seems like a lot to us simple folk.<\/strong><\/em><\/p>\n

Loan volumes increased for the fourth straight week…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Finally, we note that US equity market caps are starting to decline…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

How far will they be allowed to decline before The Fed steps in with some liquidity boost?<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 08\/02\/2024 – 16:40<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/fed-finagles-173-billion-positive-us-bank-deposit-adjustments-last-3-weeks<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Fed Finagles $173 Billion In (Positive) US Bank Deposit ‘Adjustments’ In The Last 3 Weeks For the third straight week, US bank total deposits rose…<\/p>\n","protected":false},"author":0,"featured_media":1481278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1481277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6dlz","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/08\/bfm36A1_1-DlrZJ8.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1481277","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"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1481277"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1481277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1481278"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1481277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1481277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1481277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}