Direxion Daily Financial Bear 3X Shares (FAZ)

[tw0122]

Small Bank Deposit Outflows Continue As Fed Bailout Fund Usage Jumps To Another New Record High

BY TYLER DURDEN
FRIDAY, NOV 24, 2023 - 05:30 PM
Total domestic US banks saw inflows last week on a SA and NSA basis...



Source: Bloomberg

But, while large banks saw $16.5BN (SA) in deposit inflow, small banks suffered another weekly deposit outflow (of $3.3BN SA) last week...

without The Fed's help, the crisis is back


Source: Bloomberg

This pulled total deposits down to their lowest since September after rising (on a Fed magically-adjusted basis) for six months...



Source: Bloomberg

And as deposits flow out of small banks, usage of The Fed's emergency funding facility for the banks increased to a new record high again, above $114BN...