Lending by banks fell slightly last week even as deposits dropped to a nearly two-year low, suggesting that U.S. financial institutions are in stable condition.
Lending by banks fell slightly last week even as deposits dropped to a nearly two-year low, suggesting that U.S. financial institutions are in stable condition a few months after a bevy of bank failures.
Total bank lending fell by $3.3 billion to $12.1 trillion in the seven days ending May 10, the Federal Reserve reported Friday. Big picture: Economists and investors are watching to see if banks reduce loans in response to declining deposits and a slowing economy.
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