Deposits at all U.S. commercial banks dropped in the second week of April, though at smaller banks deposits held steady in a sign of stabilization in the financial institutions hardest hit by deposit outflows after last month's failure of two large regional banks.
Federal Reserve data released on Friday showed deposits at all commercial banks fell to $17.38 trillion in the week ended April 12, on a non-seasonally adjusted basis, from $17.43 trillion a week earlier.A drop in deposits can leave banks with less capacity for loans, though there was little to show that in the Fed's data Friday.
One effect of the higher interest rates is a rise in large time deposits, which at $1.87 trillion are now their highest since November 2009 on a nonseasonally adjusted basis. As a share of deposits, though, they remain very low at 10.8% of all deposits, the largest since August 2020 and up more than 3 percentage points from their record low in January 2022.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Western Alliance Bancorporation shares rally after deposits increase by $2 billion in AprilPhoenix-based Western Alliance Bancorporation says deposits stabilized at the end of the 1st quarter, even rising by $2 billion after losing over 10 percent of their deposits during the banking turmoil earlier this year.
Leer más »
US: Philadelphia Fed Manufacturing Index drops to -31.3 in April vs. -19.2 expectedUS: Philadelphia Fed Manufacturing Index drops to -31.3 in April vs. -19.2 expected – by eren_fxstreet Manufacturing EconomicIndicator Macroeconomics UnitedStates
Leer más »
Philadelphia Fed's factory gauge slumps deeper into contraction in AprilThe Philadelphia Fed said Thursday its gauge of regional business activity slumped to negative 31.3 in April from negative 23.2 in the prior month.
Leer más »
Fed's Williams: Inflation still 'too high,' Fed will act to lower itFederal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity.
Leer más »
Fed's Harker: Fed is not changing inflation target right now, is committed to 2%Looking ahead, the Federal Open Market Committee will enter a blackout this weekend ahead of the 2/3 May meeting. The latest guidance is very much in
Leer más »