Bank Loans Continue To Fall Despite Increase In Assets

While bank deposits continue to climb, lending in the U.S. by financial institutions (FIs) is lower than ever, as banks remain cautious about extending loans over fears of defaults, Bloomberg reported Monday (March 22), citing data from the Federal Reserve. Total loans and leases dropped to 62.8 percent of total bank deposits in the week ending March 10, even as total assets rose 0.7 percent to $21 trillion, according to Bloomberg.
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