Treasury Strategies writes "Corporations Pouring Money Into Banks" in recent press release. The statement says, "A desire for safety and liquidity led corporations to direct nearly $1.3 trillion into bank deposit and sweep vehicles in 2010, an 8.9% increase over last year, according to the 20th annual U.S. Deposit & Sweep Survey conducted by Treasury Strategies, Inc.... Expansive monetary policy, low interest rates and risk concerns led to the growth in commercial bank deposits, despite a decline in sweep balances. Below are several key survey conclusions: Deposits are on the rise across banks -- Commercial DDA balances grew significantly to $603 billion, a 14% increase. However, the value of bank deposits is at risk given excess liquidity and low interest rates.... Sweep accounts continue to decline at about 27% year-over-year -- Due to low rates, many corporates shut off sweeps and redirected those balances to deposit accounts." The survey also says, "Corporate cash levels broke the $6T level, reflecting recessionary pressures, expansive monetary policy and corporate liquidity concerns.... With less confidence in access to bank credit, many firms sought to increase cash balances on hand."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September