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 Department. While that was more than forecast, the figure is still below June’s peak of 265,000 which was the highest since 2021. Treasury yields surged following the data (10yr T’s currently 4.04%), which is expected to further solidify the case for the Fed to raise interest rates at its meeting later this month following last month’s tenuous decision to pause after 10 straight increases.

Additional Resources

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…
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Deposit Funding Compass Week of July 19, 2023

Market participants now have no doubt: the Federal Reserve will start raising interest rates once again next week. The implied interest rate on the swap contract linked to the Fed’s July 26 rate decision rose to 5.33%, a quarter point higher than the 5.08% effective level of the policy rate most days since May 4.…
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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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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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