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. The drop was almost entirely at the top 25 banks, the data showed. Loans and leases at all banks ticked down to $12.05 trillion from $12.06 trillion a week earlier. (Reporting by Ann Saphir Editing by Chris Reese)
April 21 (Reuters) - 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 some stabilization in
the financial institutions hardest hit by deposit outflows after
last month's failure of two large regional banks.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.