​Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows As Stocks Crashed – Tyler Durden

Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows As Stocks Crashed As stocks continued to crash last week, money-market funds saw a second week of significant inflows (+$28.4BN) which together with the prior week’s $52.7BN, pushed total MM assets under management to a new record high of $6.216 TN… Source: Bloomberg And while bank deposits also saw (huge) inflows the prior week, the week-ending 8/7 saw seasonally-adjusted (SA) US bank deposits plunge $77BN – the biggest weekly drop since Tax Day in April… Source: Bloomberg Non-seasonally-adjusted (NSA) deposits also tumbled (by $74BN)… Source: Bloomberg Excluding foreign deposits,…  — Continue at ZeroHedge News : Read More