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Bank deposits stabilize, while lending is trending down sharply in aftermath of Silicon Valley Bank's collapse

Economic Report Last Updated: April 7, 2023 at 6:35 p.m. ET First Published: April 7, 2023 at 5:00 p.m. ET Commercial and industrial loans down $68 billion over past two weeks, Fed data show The failure of Silicon Valley Bank triggered a brief run on bank deposits at smaller financial institutions. patrick t. fallon/Agence France-Presse/Getty
Financial Press

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bank-deposits-stabilize,-while-lending-is-trending-down-sharply-in-aftermath-of-silicon-valley-bank's-collapse

Economic Report

Commercial and industrial loans down $68 billion over past two weeks, Fed data show

The failure of Silicon Valley Bank triggered a brief run on bank deposits at smaller financial institutions.

patrick t. fallon/Agence France-Presse/Getty Images

The numbers: Deposits at U.S. banks rose slightly in the last week of March, but lending to businesses declined for the second week in a row.

Deposits rose at both large and small banks, according to data released Friday by the Federal Reserve.

The deposit figures are unadjusted.

There…

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