Could 19 (Reuters) – Deposits in any respect U.S. industrial banks slipped final week and total credit score offered by banks edged decrease as nicely, Federal Reserve information launched on Friday confirmed.
Deposits within the week ending Could 10 totaled $17.10 trillion on a nonseasonally adjusted foundation, down from $17.16 trillion every week earlier, the Fed’s weekly snapshot of the banking system’s belongings and liabilities confirmed. Deposits, which had dropped considerably after the collapse in March of Silicon Valley Financial institution, had been down at giant banks and little modified at smaller ones.
In the meantime, credit score offered by banks dropped to $17.32 trillion from $17.37 trillion every week earlier, led by a decline in securities holdings. Loans and leases noticed modest declines.
Reporting by Dan Burns; modifying by Jonathan Oatis
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