According to the prior week's data, Small Banks saw a tiny $1.1 billion outflow (NSA), which prompted much rejoicing early on Monday when markets opened.

That tiny outflow was revised to a massive $47.5 billion outflow according to this week's data!

So just how much will this last week's data be revised next week?

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US commercial bank deposits (ex-large time deposits) fell for the 10th straight week (to the week-ending 3/29), down $55 billion to their aggregate lowest since April 2021...