Penger har flommet ut av banker og inn i pengemarkedsfond

Selv om trenden virker å ha avtatt en måned etter krise som startet med Silicon Valley Bank, så er det tydelig at både små og store banker sliter med tilliten fra sine kunder, viser data fra Goldman Sachs.

Men siutasjonen virker mer stabil nå:

Our latest Deposit Rate Monitor notes that deposit rates have risen somewhat in recent weeks, especially at online banks but more recently at some regional banks too, as banks have sought to retain deposits.

Banks’ liquidity needs have also stabilized after jumping at the outset of the bankingturmoil. Banks have continued to shift their borrowing from the Fed from the discount window to the new Bank Term Funding Program, but total borrowing dropped off lastweek. Bond issuance by the Federal Home Loan Banks (FHLBs) has also declined sharply, indicating that banks are borrowing less from them as well

Men det er tydelig at banker har hatt betydelige likvidtetsbehov den siste tiden: