Wholesale Funding Declines, CDs Repricing

Banks' wholesale borrowing fell 52 bps as a percentage of total liabilities and 26 bps year-over-year during the third quarter as deposit levels rose and further reductions in funding costs came into focus, S&P Global Market Intelligence wrote. Brokered deposits have declined for three consecutive quarters, and FHLB advances compared to overall liabilities have fallen significantly since the first quarter of 2023.   

A related article discusses how CDs have been repricing since the Fed started cutting rates in September. 

------------------------------
Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
------------------------------