Bank deposits slip, lending inches higher in latest week: Fed

Bank deposits slip, lending inches higher in latest week: Fed

Bank deposits slip, lending inches higher in latest week: Fed
© Reuters

Invesitng.com — Bank deposits fell, but lending inched higher in the week ended July 12, the latest data from the Fed showed.

Deposits at large U.S. banks fell by $78.7 billion to $17.289 trillion from a week earlier, on a seasonally adjusted basis.

Commercial bank lending inched up by $2.10B to a seasonally adjusted $12.093T during the week, the Fed data showed.

Residential real estate lending increased $8.2B, commercial real estate loans fell by $2.00B, while consumer loans were down $2.1B from the prior week. Commercial and industrial loans slipped by $2.1B from a week ago on a seasonally adjusted basis.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/bank-deposits-slip-lending-inches-higher-in-latest-week-fed-3131481

Exit mobile version