Deposits at small and midsize U.S. banks are inching back up.
Excluding the nation’s 25 biggest banks, deposits rose roughly $5.9 billion on a seasonally adjusted basis during the week that ended March 22, according to data collected by the Federal Reserve.
That represents a 0.1% increase from the prior week.
Deposits had fallen by about 3.7% over the previous two weeks.
The Fed data also found that borrowings have started to decrease, falling by 3.3%, or $24 billion, ending the week of March 22 at $715 billion.
Deposits at the largest banks fell by $89.7 billion. or 0.8%, during the week of March 22.