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U.S. bank lending falls in latest week, Fed says

Por: MarketWatch Politics July 08, 2023

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Key details: Total bank deposits slipped by $900 million to $17.34 trillion in the same week. Deposits peaked at $18. 21 billion in mid-April. The Fed has created an emergency backstop program so that banks won’t have to sell assets into the market if customers pull deposits in search of more attractive yields for their savings. Big picture: Analysts are using the Fed data on lending to keep track of the flow of credit to the economy. If banks... + full article



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