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Construction, farmland and home equity loans drop in Q3 - H.8

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Construction, farmland and home equity loans drop in Q3 - H.8

U.S. commercial banks added $86.7 billion in total average loans and leases over the third quarter, pushing the industry's balance to $9.901 trillion, according to the Federal Reserve's most recent H.8 report, which showed loans added $476.1 billion year over year.

Most major loan types grew during the third quarter, except for revolving home equity, construction and land development, and farmland loans, which contracted from the second quarter. Revolving home equity loans also fell year over year.

Total deposits at U.S. commercial banks rose by $149.5 billion during the quarter.

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Click here for September's H8 Data.