​Election Week Saw Huge Money-Market Fund Inflows, Bank Deposits Rise, Loan Volumes Shrink – Tyler Durden

Election Week Saw Huge Money-Market Fund Inflows, Bank Deposits Rise, Loan Volumes Shrink Money market funds saw massive inflows for the second straight week (+$81.6BN), pushing the total assets under management to a new record high of $6.66TN… Source: Bloomberg And while MM funds surged, total US bank deposits dropped modestly (-$7.5BN on a seasonally-adjusted basis)… Source: Bloomberg Though interestingly, on a non-seasonally-adjusted basis, total deposits rose by a modest $3.7BN during the week ending 11/6 (which included the election)… Source: Bloomberg Excluding foreign deposits, US banks saw domestic deposits rise on both an SA (+$12BN) and NSA (+$16.7BN) basis……  — Continue at ZeroHedge News : Read More