Image Source: PexelsMoney market funds saw modest inflows last week (up around $5BN) as bank deposits (NSA) saw $25.7BN outflows…
Source: BloombergHowever, on a seasonally-adjusted basis, total bank deposits rose by $38BN last week to their highest since SVB’s collapse…
Source: BloombergAnd, excluding foreign deposits, domestic banks saw seasonally-adjusted deposits rise $57.7BN (large banks +$55.5, small banks +$2.2BN), while on an NSA basis, domestic deposits tumbles $4.3BN (large banks +8.4BN, small banks -$12.7BN)…
Source: BloombergOn the other side of the ledger, loan volumes increased on the week, driven by a $11.8BN rise at small banks (while large banks saw loan volumes shrink by $255MM), which is weird given the massive SA rise in large bank deposits….
Source: BloombergUsage of The Fed’s Reverse Repo facility soared across quarter-/month-end (as it tends to do)…
Source: BloombergFinally, US equity market capitalization remains drastically decoupled from its historically tight relationship with bank reserves at The Fed…
Source: BloombergBut globally, central bank balance sheet shrinkage continues as stocks soar…
Source: BloombergNow that would be quite recoupling.More By This Author:Target Finally Gets Serious About Out-Of-Control Thefts, Lowers Intervention Threshold To Just $50Nike Shares Crash Near COVID Lows After Warning Sales Slump Is WorseningCore Durable Goods Orders Decline In May; Growth Scare Grows As Shipments Plunge
