Lending Boomed in 4Q, Early Data Says: Interactive Graphic

By Terris, Harry | American Banker, January 8, 2013 | Go to article overview

Lending Boomed in 4Q, Early Data Says: Interactive Graphic


Terris, Harry, American Banker


Byline: Harry Terris

Preliminary data suggests bank lending surged in the fourth quarter, notwithstanding the perpetual train-wreck in Washington.

Commercial and industrial loan growth rebounded from two quarters of fading momentum to an annual rate of 15.5%, according to weekly reports published by the Federal Reserve. Total loans increased at a 5.2% pace, the fastest since the first quarter, and total assets jumped at an 11.1% rate. (The following graphic shows volume data for major balance sheet categories; interactive controls are described in the captions. Text continues below.)

The apparent spike in business lending comes as banks have been reporting slackening demand from borrowers and intense price competition, and as bankers have cited uncertainty over the federal budget as a headwind.

The Fed estimates are based on information provided by a sample of domestically-chartered commercial banks, and later calibrated to quarterly regulatory reports. The data has sometimes diverged from actual results, which will become available as banks report financials in the weeks ahead, but generally it has corresponded closely in recent periods.

Since the first quarter of 2011, annual growth rates in business lending derived from the Fed data, both seasonally adjusted and not, have varied from final results published by the Federal Deposit Insurance Corp. by less than four percentage points during all but two quarters. In the first quarter of last year, the growth rate suggested by the seasonally adjusted Fed data outran the actual growth rate of 8. …

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Lending Boomed in 4Q, Early Data Says: Interactive Graphic
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