HGTY - Deposits and loans rise at U.S. banks in week of June 14 Fed data show
2023-06-23 16:40:50 ET
- Deposits at U.S. banks rose by $17.6B in the week ended June 14, 202 to $17.22T, according to data from the U.S. Federal Reserve. That indicates that pressures from deposit withdrawals have eased.
- The level of deposits in May 2023 was $17.19T, rising 0.9% on a seasonally adjusted annualized rate, compared with -13.1% rate in April.
- Loans at U.S. banks increased by $22.8B to $12.11T for the week ended June 14. For May 2023, loans stood at $12.13T, up from $11.2T a year earlier,, the Fed data showed .
- On Thursday, Fed Chair Jerome Powell said the central bank is committed to learn the right lessons from the bank failures earlier this year.
For further details see:
Deposits and loans rise at U.S. banks in week of June 14, Fed data show