In the week ended May 17, US commercial bank lending hit a three-week high on an adjusted basis. In the middle of this month, that figure increased by $10.4 billion. informs Bloomberg cites statistics from analysts in the Federal Reserve System (FRS).
The above factor shows that the banking industry has gradually started to recover after the collapse of a number of major investment lenders, including the bankruptcy of Silicon Valley Bank (SVB). As of May 17, loan and lease volume increased by $2.3 billion on an unadjusted basis.
“US bank lending increased last week, indicating some stability in lending conditions, despite tightening lending standards and higher borrowing costs. Commercial bank lending rose $10.4 billion in the week ended May 17 to hit a three-week high.
By mid-May, the monetary volume of bank deposits also increased. In the note, it was stated that this indicator grew by 30 billion dollars, while growth was observed in credit institutions with different capitalization levels.
May 27 at the International Monetary Fund (IMF) declarationThe bankruptcy of a number of major US investment banks, including Silicon Valley Bank (SVB), could be the beginning of more serious financial stability problems. Depositors and capital outflows have had only a moderate impact on credit conditions so far, but the situation may worsen in the future.