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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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From: russwinter11/6/2005 3:20:49 PM
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Non transaction deposits in banks are enormous, around $5 trillion. Growth rarely slows either, but lookie here;

09/07/2005 5058.0
09/14/2005 5051.1
09/21/2005 4973.3
09/28/2005 4952.7
10/05/2005 5053.6
10/12/2005 5090.1
10/19/2005 5009.3
10/26/2005 5010.0

federalreserve.gov

Food for thought: this will be impacted by a slow down in housing transactions, as proceeds and thus fresh deposits will slow. I also wonder about competition from vehicles like Treasury Direct. Maybe I'm "cutting edge", but I have about a dozen friends and relatives set up this week on the new Treasury Direct, and next week will assist them to "electronically" clean out their bank and money market accounts (usually CP backed). A sign of the future? Will folks figure this one out? At the margin it might matter, and force cost of funds higher at banks. Even before the new TD format about $2.25 billion a week was going into three and six month bills, and that's well up from early in the year. Now with the four week being offered, we will have to watch future auctions on those for public TD participation.

Another Joe Six pack indicator, money in the checking account, ouch, and winter heating bills are coming:

research.stlouisfed.org

How about retail money market funds, and all that "sidelined money" for the stock market?

research.stlouisfed.org
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