Data released by the Federal Reserve (Fed) on Friday (24th) showed that since the collapse of Silicon Valley Bank (SVB) on the 10th, the deposits of small US banks have decreased by US$119 billion (about NT$3.6 trillion), a record decline. record high.
According to the data released by the Fed, in the week ending on the 15th, except for the top 25 large commercial banks in the United States, small bank deposits decreased by US$119 billion to US$5.46 trillion (approximately NT$165.63 trillion), the decline was the previous record Double that, in percentage terms, the most in a single week since March 16, 2007.
The report also shows that lending by small banks surged by US$253 billion (approximately NT$7.67 trillion) to a new high of US$669.6 billion (approximately NT$20.31 trillion) during the period; lending by large banks increased by US$251 billion (Approximately NT$7.61 trillion). In addition, deposits at large banks increased by US$67 billion (approximately NT$2.03 trillion) to US$10.74 trillion (approximately NT$325.81 trillion).
Paul Ashworth, an analyst at Capital Economics, said the cash on hand of small banks increased by US$97 billion (approximately NT$2.94 trillion) this weekend, which shows that they are trying to replenish silver bullets and prepare for depositor withdrawals in case of emergency. A depositor requests to redeem funds.
The inflow of deposits from large financial institutions was almost half the size of outflows from smaller banks, suggesting that some funds may have moved to money market funds or other vehicles. Free Times 0324