Average total loans and leases at U.S. commercial banks increased $45.5 billion to $9.247 trillion in April, according to the Federal Reserve's May 11 H.8 report.

A $25.0 billion increase in commercial and industrial loans drove the growth.

Average total loans and leases at large commercial banks increased $14.3 billion month over month, while average total loans and leases at small commercial banks increased $19.1 billion. Loans at foreign-related institutions increased $12.1 billion in April, much higher than February's $500 million growth.

Meanwhile, average total deposits at U.S. commercial banks increased $10.1 billion in May, thanks to a $16.9 billion surge at foreign-related institutions. Total deposits for all institutions were up $373.8 billion from April 2017.

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