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Fed: US bank deposits $19.798 trillion last week vs $19.772 trillion prior

US bank deposits totaled $19.798 trillion in the week ended last week, up from $19.772 trillion the previous week, the Federal Reserve reported. The weekly figure covers deposits at commercial banks and reflects a modest increase of roughly $26 billion week over week.

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AI take

A roughly $26 billion weekly rise in commercial bank deposits is a marginal move, but the direction matters for the crypto/RWA thesis: stablecoin growth and tokenized cash products have been pitched as competing for the same liquidity pools. For now, the aggregate deposit base is not shrinking, which undercuts the more aggressive narratives of bank deposit flight into on-chain alternatives. The open question is whether this steadiness persists across coming weeks, or whether it is noise around a flat trend.

Generated by AI for reference only.

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