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U.S. Commercial Banking Update: Further Large Deposit Drawdown

EXECUTIVE SUMMARY

Friday’s H8 data for weekly commercial bank balance sheet data showed:

  • Large Banks Saw Withdrawals In Reversal Of Haven Seeking, MMF Assets Suggest Pace To Slow
  • Loans & Leases Pull Back After Broad-Based Sharp Increase

We also include a summary of the Dallas Fed Banking Conditions Survey released today, which showed only modest further credit tightening & deterioration in loan demand.

PLEASE FIND THE FULL REPORT HERE:

US Commercial Banking Update Apr3.pdf

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