Cryptonian

03/25 20:17

New Fed data shows banks lost ~$100 billion

New Fed data shows banks lost ~$100 billion in deposits last week.

Here’s the breakdown:

1. Large U.S. Banks: +$67 billion
2. Small U.S. Banks: -$120 billion
3. Foreign-Related Banks: -$45 billion

Overall borrowing from banks is up a record $475 BILLION.

The worst part?

SVB is counted as a large bank in this calculation, and large banks still ADDED $67 billion.

Small banks are collapsing.

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