Averageloans and leases at U.S. commercial banks continued to climb in June, increasingby $46.6 billion to $8.907 trillion, according to the Federal Reserve's . However, thiswas a slower pace than May's$47.8 billion expansion.
Amonglarge commercial banks, average total loans and leases increased by 0.68% in Juneto $4.942 trillion. Credit card and "other revolving loans" increasedby 1.82% to $520.5 billion, the strongest growth among all loan categories studied.On the other hand, farmland loans fell by 1.08% to $9.2 billion, making it the onlycategory where loan totals fell month over month at large commercial banks.
Averageloans and leases at small commercial banks increased by 0.58% in June to $3.049trillion. Auto loans increased by 0.93% month over month to $76.3 billion, while"other" loans and leases fell by 1.17% to $245.6 billion.
Averagetotal deposits at U.S. commercial banks increased by $65.3 billion to $11.253 trillionin June. Total deposits at large commercial banks gained 0.80% to $6.624 trillion,while total deposits at small commercial banks gained 0.70% to $3.608 trillion.Meanwhile, deposits at foreign-related institutions slipped by 1.22% to $1.021 trillion.
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