Lowest since October 2005

Spanish private sector bank deposits fell 0.5% in June

Lowest since July 2008

Private sector deposits at Portuguese banks fell 3.5% in June

Private sector deposits at Irish banks fell 1.8% in June

However!!

Private sector deposits at Italian banks ROSE almost 2% in June

Private sector deposits at German and French banks rose +0.4% in June

Apart from Italy, some pretty dire numbers in the periphery countries.