As I’ve mentioned earlier than, US industrial banks have taken in additional deposits than they lend out. The primary large break was in 2009 in the course of the monetary disaster and the second break occurred within the Covid recession. After the second break, loans and leases truly decreased whereas financial institution deposits skyrocketed.
US banks are seeing report stronger demand for bank cards. Auto mortgage demand is nearer behind.
And we’re seeing loosening of requirements for loans.
But loans and leases have subsided after the preliminary surge following The Fed’s huge asset buy spree in March 2020.
That is actually a bizarro banking world.