Subscribe for free to the America First Report newsletter.
Deposit outflows at U.S. banks accelerated recently, driven by the larger and smaller commercial financial institutions, according to new data from the Federal Reserve.
For the week ending May 10, total U.S. commercial bank deposits declined by $26.4 billion, or 0.15 percent, to roughly $17.123 trillion, the lowest level since July 2021. That represented the third consecutive week of rising deposit outflows as the fallout from the banking turmoil in early March persists. Large commercial banks (negative $21 billion) and small institutions (negative $2.6 billion) both saw declining deposit volumes on a seasonally adjusted basis. In addition, foreign-related banks reported a $2.1 billion drop in deposits.
Since the collapse of Silicon Valley Bank and Signature Bank, the Fed’s H.8 data show that total deposits have plunged about $476 billion.
The same report found that loans and leases decreased by $3.3 billion.Despite the downward trajectory in deposits, CIBC Capital Markets Inc. economists don’t […]
Excerpt Sourced From: discernreport.com
- As the banking collapse heats up, there’s no longer time to procrastinate about moving retirement to physical precious metals. Here are the four companies we vetted. They are patriotic, America First companies that do NOT donate to Democrats, work with the CCP, or embrace CBDCs. These companies actually love America and can help you protect your life’s savings.
Bypass Big Tech Censors
My Shows:
- The JD Rucker Show (M-F 2pm Eastern)
- Red State Talk Radio (M-F 2pm Eastern)
- America Out Loud (M-F 7pm Eastern)
- America First Report (Substack)
- The Late Prepper (Substack)
- End Medical Tyranny (Substack)
