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Anecdotal Evidence of Bank Deposit Flows Stabilising

US

Reported by Bloomberg:

  • Western Alliance Bancorporation said end of quarter total deposits were $47.6b compared to $53.6b as of Dec. 31, 2022. The bank experienced elevated net deposit outflows surrounding the announcements of SVB and Signature closures.
  • Since March 20, deposit balances stabilized and grew about $900m to quarter end.
  • Since March 31, quarter-to-date deposit growth has continued this trajectory and increased additional $1.2b as of April 4.


See MNIs analysis of the latest official Fed statistics on Fed deposit flight here: https://marketnews.com/markets/pdfs/u-s-commercial-banking-update-further-large-deposit-drawdown

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