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Tags: u.s. bank deposits | lending

US Bank Deposits Edge Up, Lending at Record High

US Bank Deposits Edge Up, Lending at Record High
(AP)

Friday, 12 May 2023 05:01 PM EDT

Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years while bank lending was little changed at a record level, Federal Reserve data released Friday showed.

Deposits climbed to $17.16 trillion in the week ended May 3, up about $67 billion to mark the first increase in four weeks, the Fed's weekly snapshot of the banking system's assets and liabilities showed. Deposits, which had dropped substantially after the collapse in March of Silicon Valley Bank, rose at both large and small banks.

Total bank credit was little changed at $17.37 trillion, while loans and leases for U.S. households and businesses held at a record high $12.12 trillion, although annual loan growth is now the slowest in about a year.

© 2023 Thomson/Reuters. All rights reserved.


StreetTalk
Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years while bank lending was little changed at a record level, Federal Reserve data released Friday showed.
u.s. bank deposits, lending
127
2023-01-12
Friday, 12 May 2023 05:01 PM
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