Bank deposits, lending rise in latest week, Fed data show

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Bank deposits, lending rise in latest week, Fed data show

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Published Sep 0src, 2023 04:38PM ET

© Reuters

Invesitng.com — Bank deposits and lending activity rose in the week ended Aug. 23, the latest data Friday from the Fed showed.

Deposits at large U.S. banks rose by $48.4 billion to $src7.342.8 trillion from a week earlier, on a seasonally adjusted basis.

Commercial bank lending rose by $src6.9B to a seasonally adjusted $src2.src67T during the week, following a $26.3B increase in the prior week, the Fed data showed.

Residential real estate lending rose $4.6B, commercial real estate loans increased by $4.5B from a the week earlier, while consumer loans were up $2.4B from the prior week. 

Bank deposits, lending rise in latest week, Fed data show

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