Bank Deposits Edge Up After Record Withdrawals, Fed Data Show

Bank Deposits Edge Up After Record Withdrawals, Fed Data Show
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., on June 14, 2022. Sarah Silbiger/Reuters
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Deposits at U.S. commercial banks rose near the end of March for the first time in about a month after two of the largest U.S. banks failed, according to Federal Reserve data released on Friday.

The data showed deposits at all commercial banks rose to $17.35 trillion in the week ended March 29, on a non-seasonally adjusted basis, from a downwardly revised $17.31 trillion a week earlier.