Commercial and industrial loans held steady in the week ending July 14, the Federal Reserve said Friday.
The numbers: Commercial and industrial loans — a key economic driver — held roughly steady in the week ending July 5, the Federal Reserve said Friday. Loans rose $200 million to $2.754 trillion, the central bank said.
Key details: Total bank deposits rose by $24.9 million to $17.367 trillion in the same week. Deposits have been shrinking slowly. They peaked at $18. 21 billion in mid-April. San Francisco Fed President Mary Daly said Monday she hadn’t seen credit tightening that is in excess of normal.
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