{"id":1501279,"date":"2024-11-08T21:40:00","date_gmt":"2024-11-09T02:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1501279"},"modified":"2024-11-08T21:40:00","modified_gmt":"2024-11-09T02:40:00","slug":"us-banks-domestic-deposits-tumble-for-second-week-in-a-row","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-banks-domestic-deposits-tumble-for-second-week-in-a-row\/1501279\/","title":{"rendered":"US Banks’ Domestic Deposits Tumble For Second Week In A Row"},"content":{"rendered":"

US Banks’ Domestic Deposits Tumble For Second Week In A Row<\/span><\/p>\n

\n

Money market funds saw a very small net outflow (-$2.2BN) last week<\/strong>, leaving them still just shy of the record high…<\/p>\n

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

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

On the bank side of the savings world, total deposits (SA) rose $17.5BN to its highest since Sept 2022<\/strong>…<\/p>\n

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

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

On a non-seasonally-adjusted basis, total deposits jumped a huge $148BN<\/strong> (reversing the prior week’s $133BN deposit decline)…<\/p>\n

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

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

Rather oddly, excluding foreign deposits, domestic US banks saw a $22BN net deposit outflow last week on an SA basis<\/strong> during the week-ending 10\/30 (but a $113BN inflow on an NSA basis)…<\/p>\n

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

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

On an NSA basis, Large banks saw $86BN inflows and Small banks $27BN inflows. However, on an SA basis, large banks saw $21BN outflows and small banks $1.5BN outflows.<\/p>\n

Interestingly, loan volumes shrank at small banks but surged for large banks…<\/strong><\/p>\n

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

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

Finally, bank deposits at the Fed rose last week (and so did US equity market capitalization to a new record high)…<\/p>\n

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

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

Will this ever recouple?<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 11\/08\/2024 – 16:40<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/us-banks-domestic-deposits-tumble-second-week-row<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

US Banks’ Domestic Deposits Tumble For Second Week In A Row Money market funds saw a very small net outflow (-$2.2BN) last week, leaving them…<\/p>\n","protected":false},"author":0,"featured_media":1501280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1501279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1501279","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=1501279"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1501279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1501280"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1501279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1501279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1501279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}