Sunday, September 04, 2011

Europe's Banking System: The Transatlantic Cash Flow


And now, the flip side of the story presented yesterday, in which ECB data seems to indicate that monetary financial institutions (MFIs) in Europe have been moving their deposits out of European banks. Where is that money going?

All American Investor


It looks like much of it is being placed with US banks instead. The following chart shows the total deposits at domestically chartered commercial banks in the US. (All data is from the Federal Reserve Board, through August 17, 2011.)


Transatlantic Cash Flow
http://bit.ly/odC3NO


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Original content Bob DeMarco, All American Investor