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.
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