A small bank in the United States is experiencing the largest outflow of deposits since the Silicon Valley banking crisis, with a significant increase in inflow of funds into the money market.
Last week, the seasonally adjusted total deposits in US banks plummeted by $70 billion, reaching the lowest level since May. The outflow of deposits from large banks exceeded $50 billion last week, the highest level since July, while the outflow from small banks surpassed $15 billion, the highest level since March.
The regional bank crisis in the United States has been going on for six months, but investors and depositors' confidence in small banks does not seem to have recovered.
Last week, the seasonally adjusted total bank deposits in the United States plummeted by $70 billion, reaching the lowest level since May.
If we look at the non-seasonally adjusted figures, deposits last week reached an inflow of $38 billion.
Last week, the outflow of deposits from large banks exceeded $50 billion, the highest level since July, while the outflow of deposits from small banks exceeded $15 billion, the highest level since March.
After seasonal adjustment, the deposit scale of large banks is at its lowest level since April 2021, and the deposit scale of small banks is at its lowest level since July this year.
In addition, there is still a significant gap between the seasonally adjusted and non-seasonally adjusted data.
Furthermore, the loan volume of small banks decreased by $3 billion, while the loan volume of large banks increased by $2.5 billion, and the total loan volume for the week remained basically unchanged.
