Despite another rise in banks’ usage of The Fed’s expensive BTFP bailout facility (to a new record high), and regulators set to force banks to The Fed instead of the FLHB for cheap funds , regional bank shares surged this week as yields tumbled…
Source: Bloomberg Amid the ongoing upside-down world of Schrodinger’s deposits, we wonder what ‘adjustments’ The Fed has in store for us this week.
On a seasonally-adjusted basis, banks saw a $50BN deposit outflow last week…
Source: Bloomberg And for a pleasant change, non-seasonally-adjusted bank deposits also saw outflows (of $41BN)… Source: Bloomberg Bank deposit outflows and money-market fund inflows continue to diverge dramatically… Source: Bloomberg Removing foreign bank deposit flows, the picture for domestic bank deposits was still consistent, with a $57BN outflow NSA ( -$62.7BN Large banks, +$5.4BN Small Banks ); and a $53BN outflow SA (-$53.8BN outflows for Large Banks but $0.6BN inflows for […]
Read the Whole Article From the Source: www.zerohedge.com
-
Learn the TRUTH about Gold IRAs and how most precious metals companies play dirty.