THE Bloomberg report according to the Fed’s so-called H.8 statistical report, meanwhile, the deposit stock at banks decreased for the 10th week in a row, by 64.7 billion dollars in the last week of March, mainly for large corporate deposits.
The bank failures also shook the credit market:
between March 15 and March 29, the lending activity of banks fell sharply, primarily the demand for loans from smaller credit institutions decreased, as they accounted for about three quarters of the decline.
On Thursday, the American Bankers Association’s index of credit conditions fell to its lowest level since the start of the pandemic, indicating that bank experts expect credit conditions to decline in the next six months and lenders to tighten.
Cover image: Getty Images
