Bank deposits rise for first time in about a month, Fed data shows

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 7 (Reuters) - Deposits at U.S. commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors. Federal Reserve data released on Friday showed deposits at all commercial banks rose to $17.35 trillion in the week ended March 29, on a nonseasonally adjusted basis, from $17.31 trillion a week earlier. (Reporting By Dan Burns; editing by Diane Craft)

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