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US Banks' Domestic Deposits Tumble For Second Week In A Row
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 still just shy of the record high... Source: Bloomberg On the bank side of the savings world, total deposits (SA) rose $17.5BN to its highest since Sept 2022... Source: Bloomberg On a non-seasonally-adjusted basis, total deposits jumped a huge $148BN (reversing the prior week's $133BN deposit decline)... Source: Bloomberg Rather od
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