Deposit Funding Compass Week of July 27, 2023

The 25-basis-point hike at the July FOMC meeting — to a range of 5.25%-5.50% — was as expected. While the lack of substantive changes to the policy statement suggests the majority of officials still want to keep the door open for another rate hike. Chair Jerome Powell’s somewhat dovish performance at the post-meeting news conference suggests a willingness to skip a hike at the September meeting, provided inflation data continues to be soft. Fed policymakers thoroughly telegraphed the 25-basis-point rate hike they delivered at the July meeting, and most FOMC participants probably still think one more 25-bp hike is needed to reach a sufficiently restrictively stance, but they may feel less strongly about that projection than they did in June.

Additional Resources

Deposit Funding Compass Week of July 12, 2023

We have an opportunity today to offer any banks that might be looking to lock in funding at current market levels on a firm commitment, quicker settle basis. Our in-house clients have a large surplus of funds to put to work with not enough new bank names available to show them at this time. As…
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Deposit Funding Compass Week of July 6, 2023

The US labor market showed fresh signs of resilience on Thursday as private hiring surged per ADP; layoffs slowed and filings for unemployment stayed relatively low. US companies added almost 500k jobs last month, the most in over a year. Meanwhile, weekly filings for jobless benefits rose by 12K to 248K according to the Labor…
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The Foundation of the Finance Industry

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UCFS Barth Brokered Deposit – 2018 – Complete Report

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Brokered Deposits, 2018 – Study Sacks FDIC Fears on Brokered Deposits

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Brokered deposits 2018 American Banker Article

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Barth Report, Brokered Deposits 2018 – One Pager

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Barth Report, Brokered Deposits 2018 – Multi Pager

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Brokered Deposits and Community Banks; A 2017 Strategic Perspective

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Brokered Deposits and Community Banks; A Strategic Perspective

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