Total loans and leases at U.S. commercial banks grew by $38.7 billion to $9.493 trillion in November, according to the Federal Reserve's Dec. 14 H.8 report. This increase was propelled primarily by a $32.30 billion jump in commercial and industrial loans and a $4.7 billion increase in consumer loans.
Average loans and leases at large commercial banks rose by $19.0 billion in November, helped by a $22.5 billion increase in commercial and industrial loans and offset by a $5.7 billion loss in real estate loans. Meanwhile, total loans and leases at small commercial banks grew by $10.0 billion.
Average total deposits at U.S. commercial banks fell by roughly $600 million in November.
Did you enjoy this analysis? Click here to set alerts for future banking Data Dispatches.