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Home » ​US Big Banks Suffer Biggest Deposit Outflow Since April… Until The Fed ‘Adjusted’ Them – Tyler Durden

​US Big Banks Suffer Biggest Deposit Outflow Since April… Until The Fed ‘Adjusted’ Them – Tyler Durden

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​US Big Banks Suffer Biggest Deposit Outflow Since April… Until The Fed ‘Adjusted’ Them – Tyler Durden

US Big Banks Suffer Biggest Deposit Outflow Since April… Until The Fed ‘Adjusted’ Them Money market funds saw yet another week of inflows (+$40BN), taking the total AUM to a new record high of $6.508 TN… Source: Bloomberg The inflow into MM comes as bank deposits (on a seasonally adjusted basis) dropped a modest $13BN to the week-ending 10/23… Source: Bloomberg But, on a non-seasonally-adjusted basis, total deposits plunged $133BN (the biggest weekly decline since April)… Source: Bloomberg Excluding foreign deposits, it’s even uglier. On an NSA basis, US deposits plunged $131BN – the biggest weekly drop since April (Large…  — Continue at ZeroHedge News : Read More