

US systemic banks increase reliance on short-term funding in 2023
Contentious STWF metric weighs heavily on Morgan Stanley and Goldman G-Sib scores
US systemic banks’ use of short-term wholesale funding (STWF) climbed back up 4.5% in 2023, weighting on several lenders’ systemic footprint.
On aggregate, the eight US global systemically important banks (G-Sibs) reported $2.71 trillion of STWF outstanding at the end of last year, equivalent to $338.3 billion each on average. This marked an increase from $2.59 trillion and $323.7 billion at end-2022.
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