Investitng.com — Bank deposits fell in the week to July, but lending edged up, the latest data from the Federal Reserve showed 00.
Deposits at major US banks fell 78 by $700 million from a week earlier to 12. 289 $ trillion, seasonally adjusted.
Commercial bank lending increased slightly by $2. 00B to the seasonally adjusted dollar 78 .78T This week, Fed data showed.
Residential real estate loans increased $8.2B, commercial real estate loans fell $2.00B, while consumer loans fell $2.1B from the previous week. On a seasonally adjusted basis, commercial and industrial loans slipped $2.1B from a week earlier.