US Bank Loan Volumes Dwindled Last Week Despite Sizable Deposit Inflows
September 15, 2023 at 16:40 PM EDT
A big jump in inflows last week to Money-Market funds (and increased us of The Fed’s emergency funding facility) would suggest that banks suffered some deposit outflows. But as we have seen numerous times recently, the ‘adjustment’ by The Fed is all that matters. On a seasonally-adjusted (SA)basis, total bank deposits rose by $23BN (only […] Source
