​Large US Bank Deposits Plunge, MM Fund Assets Hit New Record Amid Equity Chaos – Tyler Durden

Large US Bank Deposits Plunge, MM Fund Assets Hit New Record Amid Equity Chaos For the fourth week in a row, money market funds saw inflows (+$21BN) which lifted the total AUM to a new record high of $6.26TN… Source: Bloomberg All of which took place as stocks puked hard and recovered. Bank deposits, on the other hand, were flat the week-ending 8/21 (+$0.9BN on a seasonally-adjusted basis)… Source: Bloomberg But, on a non-seasonally-adjusted basis, US banks saw a large $85BN deposit drawdown… the biggest weekly decline since May… Source: Bloomberg WTF is a ‘seasonally-adjusted deposit’ anyway? Excluding foreign deposit…  — Continue at ZeroHedge News : Read More