4/1, 2:06 AM (Source: TeleTrader)
more TeleTrader news

US commercial bank deposits fall by $125.7B

Deposits at commercial banks in the United States stood at just over $17.3 trillion in the week that ended on March 22, the Federal Reserve showed in its latest H.8 report. The figure was $125.7 billion lower compared to the prior week and was down $387.5 billion from February.

However, deposits at small banks rose by $5.9 billion in the seven-day period that ended on March 22 after suffering a $196.4 drop over the previous week. At large commercial banks, deposits declined by $89.7 billion in the week ending March 22, falling back below the level before the banking crisis started.

"Data for the week ending March 15, 2023, have been revised to represent a change in the way FDIC [Federal Deposit Insurance Corporation] bridge banks were incorporated in the small bank data as well as other revisions that were within normal week to week fluctuations," the Fed also noted.

Baha Breaking News (BBN) / MS