Total loans and leases at the 10 largest U.S. banks by assets grew only 1.0% in the second quarter, compared to the wider industry's 1.5% growth.
Among the four largest U.S. banks, Bank of America NA reported the largest quarter-over-quarter increase in loans at 2.0%, while loans at Wells Fargo Bank NA and Citibank NA grew 1.0% and 0.8%, respectively.
JPMorgan Chase Bank NA was the only one to show a dip in total loans at 0.7%. On May 18, JPMorgan Chase & Co. merged Chase Bank USA NA into JPMorgan Chase Bank, according to a Form 8-K. For the purpose of this analysis, data for prior quarters has been adjusted to include balances from both the units.
In aggregate, the 10 largest U.S. banks posted quarterly increases in commercial real estate loans, closed-end first lien one- to four-family loans, consumer loans and multifamily loans, while commercial and industrial loans remained nearly flat.
Meanwhile, home equity loans dropped 3.1% quarter over quarter and 12.4% year over year, with nine of the top 10 banks reporting a quarterly drop and all 10 reporting a yearly drop in the category.

