Commercial bank lending declined by $15.7 billion for the week ending May 3. This comes after lending increased by $41.9 billion the previous week. On an unadjusted basis, however, loans and leases were up slightly.

Deposits also declined on a seasonally adjusted basis for the week ending May 3. Without adjustments, however, they were up by $67.3 billion.

This data comes after a Fed report revealed that nearly half of U.S. banks have tightened terms on their commercial and industrial loans for medium and large businesses in the first quarter.

Using a report known as an H.8., economists and policymakers have been monitoring loan and deposit data to gauge the overall stability of the banking sector. The divergence between adjusted and unadjusted data has made it challenging for them to draw conclusions.

The post U.S. Bank Lending Fell Marginally Following Failure of First Republic Bank appeared first on theprimarymarket.com.

According to Federal Reserve data, lending in the U.S. had a $105 billion slide over the last two weeks in March, the most since 1973. The lending decrease was widespread, affecting commercial, industrial, and real estate loans. Commercial and industrial lending fell by around $68 billion, while commercial real estate loans dropped by $68 billion.

The smaller US banks, which are considered the most important providers of credit overall, significantly attributed to the drop, accounting for $73.6 billion. The 25 of the nation’s biggest banks, on the other hand, experienced a $23.5 billion decrease in lending while lending by foreign institutions fell by a combined $7.5 billion.

You can read detailed data and access Fed’s full report here.

The lending has already experienced tightening in recent months due to interest hikes the Fed employed in an attempt to fight inflation. Analysts expect a similar trend to continue in the future, with businesses and households facing even bigger challenges in order to secure credit.

The post U.S. Bank Lending Experiences Record Drop in Late March appeared first on theprimarymarket.com.

Commercial bank lending declined by $15.7 billion for the week ending May 3. This comes after lending increased by $41.9 billion the previous week. On an unadjusted basis, however, loans and leases were up slightly.

Deposits also declined on a seasonally adjusted basis for the week ending May 3. Without adjustments, however, they were up by $67.3 billion.

This data comes after a Fed report revealed that nearly half of U.S. banks have tightened terms on their commercial and industrial loans for medium and large businesses in the first quarter.

Using a report known as an H.8., economists and policymakers have been monitoring loan and deposit data to gauge the overall stability of the banking sector. The divergence between adjusted and unadjusted data has made it challenging for them to draw conclusions.

The post U.S. Bank Lending Fell Marginally Following Failure of First Republic Bank appeared first on theprimarymarket.com.

According to Federal Reserve data, lending in the U.S. had a $105 billion slide over the last two weeks in March, the most since 1973. The lending decrease was widespread, affecting commercial, industrial, and real estate loans. Commercial and industrial lending fell by around $68 billion, while commercial real estate loans dropped by $68 billion.

The smaller US banks, which are considered the most important providers of credit overall, significantly attributed to the drop, accounting for $73.6 billion. The 25 of the nation’s biggest banks, on the other hand, experienced a $23.5 billion decrease in lending while lending by foreign institutions fell by a combined $7.5 billion.

You can read detailed data and access Fed’s full report here.

The lending has already experienced tightening in recent months due to interest hikes the Fed employed in an attempt to fight inflation. Analysts expect a similar trend to continue in the future, with businesses and households facing even bigger challenges in order to secure credit.

The post U.S. Bank Lending Experiences Record Drop in Late March appeared first on theprimarymarket.com.