Tag: crunch
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U.S. bank lending falls slightly in latest week
[ad_1] The numbers: Commercial and industrial lending — a key driver of economic activity — fell by $2.1 billion to $2.75 trillion in the week ending July 12, the Federal Reserve said Friday. C&I loans hit a peak of $2.82 trillion in mid-March, right before the collapse of Silicon Valley Bank, and the pace of…
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U.S. bank lending holds steady in latest week
[ad_1] The numbers: Commercial and industrial loans — a key economic driver — held roughly steady in the week ending July 5, the Federal Reserve said Friday. Loans rose $200 million to $2.754 trillion, the central bank said. Bank lending has been slowly decelerating, falling for three straight months. C&I loans hit a peak of…
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U.S. bank lending falls in latest week, Fed says
[ad_1] The numbers: Commercial and industrial loans — a key driver economic driver — fell by $7.9 billion to $2.75 trillion in the week ended June 28, the Federal Reserve said Friday. C&I loans hit a peak of $2.82 trillion in mid-March, right before the collapse of Silicon Valley Bank. Key details: Total bank deposits…
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Banks increase lending for third straight week
[ad_1] The numbers: Total bank lending rose by $4.6 billion to $12.1 trillion in the week ending May 31, the Federal Reserve said Friday. This is the third straight week of gains. Total bank deposits rose $46 billion last week to $17.3 trillion. Deposits had recently fallen to the lowest level in almost two years.…
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U.S. bank deposits decline for second straight week
[ad_1] The numbers: Deposits at commercial U.S. banks declined in the week ended May 3, according to the Federal Reserve on Friday. Deposits fell to $17.15 trillion from $17.16 trillion in the prior week, the Fed said. There has been a steady erosion in deposits as interest rates have risen. A main reason is that…
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4 things we learned from Powell’s press conference after latest Fed rate hike
[ad_1] The Federal Reserve on Wednesday raised its benchmark interest rate by 25 basis points, to a range of 5%-5.25%, close to the peak seen just before the Great Recession in 2008. Beyond that headline, here are key takeaways from Powell’s press conference: Fed is ‘on hold’ The new forward guidance from the Fed means…
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Bank lending rises for the third straight week
[ad_1] The numbers: Total bank lending rose to $12.1 trillion in the seven days ended April 19 from $12.09 trillion in the prior week, the Federal Reserve said Friday. This is the third straight weekly gain. Deposits at banks rose slightly to $17.20 trillion from $17.18 trillion in the prior week. They are down from…
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Fed expected to raise rates again, perhaps for the last time this cycle
[ad_1] The Federal Reserve is expected to raise its benchmark interest rate by another quarter of one percentage point on Wednesday, in what could very well be the last rate hike of this cycle, economists said. The 25 basis point move would push the Fed’s benchmark interest rate to a range of 5%-5.25%. That is…
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Banks increased lending for second straight week, Fed data show
[ad_1] The numbers: Total bank lending rose to $12.09 trillion in the seven days ended April 12 from $12.08 trillion in the prior week, the Federal Reserve reported Friday. This is the second straight weekly increase. Deposits at banks fell to $17.18 trillion from $17.26 trillion in the prior week. They are down from $17.43…
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Bank lending rises for first time in three weeks
[ad_1] Lending by banks rose slightly last week pointing to some stabilization in the U.S. financial system one month after the failure of Silicon Valley Bank. Total bank lending rose by $10.2 billion to $12.08 trillion in the seven days ended April 5, the Federal Reserve reported Friday. Most of the increase took place at…