Bank deposits, lending rise in latest week, Fed data show
© Reuters Invesitng.com — Bank deposits and lending activity rose in the week ended Aug. 23, the latest data Friday from the Fed showed.
Deposits at large U.S. banks rose by $48.4 billion to $17.342.8 trillion from a week earlier, on a seasonally adjusted basis.
Commercial bank lending rose by $16.9B to a seasonally adjusted $12.167T during the week, following a $26.3B increase in the prior week, the Fed data showed.
Residential real estate lending rose $4.6B, commercial real estate loans increased by $4.5B from a the week earlier, while consumer loans were up $2.4B from the prior week.
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