“According to the latest H8 report from The Fed, on a seasonally-adjusted basis, total US Commercial Bank deposits fell by $13.8 billion during the week ended 5/3 – the second straight week… On the other side of the ledger, Commercial bank lending tumbled $15.7 billion in the week ended May 3rd after increasing $41.9 billion the prior week, according to seasonally adjusted data. Small Bank loans fell $13.6bn…”
