Fed: US bank deposits rise to $19.810 trillion last week

The weekly deposit series is a second-tier signal on its own, but in a market where liquidity conditions and bank funding are watched closely for spillovers into risk assets, a modest uptick is worth noting mainly for direction rather than size. A single week's move says little about whether depositors are re-engaging with the banking system or simply shuffling cash. The open question is whether this modest rise extends into a trend or reverses next week, and whether it lines up with other funding indicators.