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Bank deposits, lending higher for second straight week: Fed

Bank deposits, lending higher for second straight week: Fed
© Reuters

Invesitng.com — Deposits at commercial U.S. banks rose and lending activity rose for the second-straight week in the week ended May 24, pointing to signs of stability in the banking sector, the latest data from the Federal Reserve showed Friday.

Deposits at large U.S. banks rose $86.5 billion to $17.238 trillion from a week earlier, on a seasonally adjusted basis.

Commercial bank lending increased $1.20B to a seasonally adjusted $12.133 trillion during the week. On an unadjusted basis, loans and leases fell by about $1.00B.

Residential lending increased $3.7B, commercial real estate loans climbed $2.8B, while consumer loans were down $1.2B from the prior week.

Commercial and industrial loans were down about $4.4B from a week ago on a seasonally adjusted basis. 

Source: Investing.com

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