Source: Wall Street News
Author: Cho Chak-hee
Last week, total seasonally adjusted US bank deposits plummeted by 70 billion US dollars, to their lowest level since May. Last week, deposit outflows from large banks exceeded 50 billion US dollars, the highest level since July, and deposit outflows from small banks exceeded 15 billion US dollars, the largest level since March.
It's been half a year since America's regional banking crisis began, yet investors' and depositors' confidence in America's small banks doesn't seem to have recovered.
Last week, total seasonally adjusted US bank deposits plummeted by 70 billion US dollars, to their lowest level since May.
If you look at it from a non-seasonally adjusted scale, deposit inflows reached 38 billion US dollars last week.
Last week, deposit outflows from large banks exceeded 50 billion US dollars, the highest level since July, and deposit outflows from small banks exceeded 15 billion US dollars, the largest level since March.
After seasonal adjustments, the deposit size of large banks is at its lowest level since April 2021, and the deposit size of small banks is at its lowest level since July this year.
Furthermore, the gap between seasonally adjusted and non-seasonally adjusted data last week is still very large.
Furthermore, the loan volume of small banks decreased by 3 billion US dollars, while the loan volume of large banks increased by 2.5 billion US dollars. The total amount of loans for the week remained almost unchanged.
Editor/Somer