Increase in US Bank Loans and Deposits Signal Some Stability
- Bank lending climbed more than $10 billion in latest week
- Deposits rebound at small and large institutions, Fed says
This article is for subscribers only.
US bank lending rose for the first time in three weeks and deposits increased, suggesting credit conditions are stabilizing after a string of bank failures last month.
Commercial bank lending increased $10.2 billion in the week ended April 5, according to seasonally adjusted data from the Federal Reserve out Friday. On an unadjusted basis, loans and leases fell $5.6 billion.