U.S. commercial banks added $38.8 billion in total average loans and leases in November, pushing the industry's balance to $9.971 trillion, according to the Federal Reserve's Dec. 13 H.8 report.

The growth was driven by a $14.0 billion increase in commercial real estate loans and a $10.1 billion increase in closed-end residential real estate loans.

Average total deposits at U.S. commercial banks rose by $120.5 billion to $13.181 trillion in November.

Click here for Nov. 2019 H.8 Data.