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Bank Deposits in the US Continue to Decline for the 10th Straight Week


U.S. Bank Deposits Fall For 10th Straight Week As Worries Continue Bank deposits continued to decline last week, the Federal Reserve announced Friday in its delayed H.8 release. Lending conditions tightened further as regulators scramble to shore up confidence in the financial system. Bank Deposits U.S. commercial bank deposits fell by $64.7 billion for the week ending March 29 to $17.19 trillion, marking the 10th consecutive week of declines. However, that improved from the week prior, which saw deposits decrease by $172.1 billion. Domestically chartered bank deposits fell by $38.3 billion, led by declines at the 25 largest institutions. Large domestic…

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