Could 19 (Reuters) – Deposits in any respect U.S. industrial banks slipped final week and total credit score supplied by banks edged decrease as nicely, Federal Reserve knowledge launched on Friday confirmed.
Deposits within the week ending Could 10 totaled $17.10 trillion on a nonseasonally adjusted foundation, down from $17.16 trillion per week earlier, the Fed’s weekly snapshot of the banking system’s belongings and liabilities confirmed. Deposits, which had dropped considerably after the collapse in March of Silicon Valley Financial institution, had been down at massive banks and little modified at smaller ones.
In the meantime, credit score supplied by banks dropped to $17.32 trillion from $17.37 trillion per week earlier, led by a decline in securities holdings. Loans and leases noticed modest declines.
Reporting by Dan Burns; enhancing by Jonathan Oatis
: .