美国银行国内存款连续第二周下跌

货币市场基金出现小幅净流出，仍接近历史高位。银行存款总额激增，达到九个月来的最高点。国内银行业经季节调整后存款流出，但经非季节调整后存款大量流入。大型银行和小型银行经季节性调整后的存款流量形成鲜明对比，但两者都经历了非季节性调整后的流入。小型银行的贷款量下降，而大型银行的贷款量则增加。美联储的银行存款和美国股市市值上升。

Money market funds experienced a minor net outflow, remaining near record highs. Total deposits at banks surged, reaching a nine-month peak. Domestic banks observed a deposit outflow on a seasonally adjusted basis, but a large inflow on a non-seasonally-adjusted basis. Large banks and small banks saw contrasting deposit flows on a seasonally adjusted basis, but both experienced inflows on a non-seasonally-adjusted basis. Loan volumes declined at small banks while increasing at large banks. Bank deposits at the Federal Reserve and US equity market capitalization rose.

US Banks' Domestic Deposits Tumble For Second Week In A Row

Money market funds saw a very small net outflow (-$2.2BN) last week, leaving them still just shy of the record high...

Source: Bloomberg

On the bank side of the savings world, total deposits (SA) rose $17.5BN to its highest since Sept 2022...

Source: Bloomberg

On a non-seasonally-adjusted basis, total deposits jumped a huge $148BN (reversing the prior week's $133BN deposit decline)...

Source: Bloomberg

Rather oddly, excluding foreign deposits, domestic US banks saw a $22BN net deposit outflow last week on an SA basis during the week-ending 10/30 (but a $113BN inflow on an NSA basis)...

Source: Bloomberg

On an NSA basis, Large banks saw $86BN inflows and Small banks $27BN inflows. However, on an SA basis, large banks saw $21BN outflows and small banks $1.5BN outflows.

Interestingly, loan volumes shrank at small banks but surged for large banks...

Source: Bloomberg

Finally, bank deposits at the Fed rose last week (and so did US equity market capitalization to a new record high)...

Source: Bloomberg

Will this ever recouple?

Tyler Durden Fri, 11/08/2024 - 16:40

美国银行国内存款连续第二周下跌 US Banks' Domestic Deposits Tumble For Second Week In A Row