Total loans and leases at U.S. commercial banks increased by $14.6 billion to $9.72 trillion in April, according to the Federal Reserve's May 10 H.8 report.
The growth was largely powered by a $10.1 billion increase in consumer loans and a $9.9 billion increase in real estate loans. At large commercial banks, total loans and leases increased by less than $1 billion, with a $7.9 billion increase in consumer loans offset by an $8.0 billion decline in commercial and industrial loans.
Average loans and leases at small commercial banks expanded by $19.8 billion, led by a $13.7 billion increase in real estate loans. Average loans and leases at foreign-related institutions decreased by $6.0 billion. Total deposits at U.S. commercial banks rose by $60.6 billion in April.
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