US Banking Deposits Fall to Lowest Level Since 2021, Loans Increase for Fourth Consecutive Week

Loans to the US banking sector increased for the fourth consecutive week, indicating that credit conditions remain relatively stable despite heightened regional banking concerns. Commercial bank loans, adjusted for seasonal factors, rose by $41.6 billion in the week ended April 26, more than the $12.4 billion increase in the previous week, according to data released Friday by the Federal Reserve. Unadjusted loans and leases, meanwhile, added $43.5 billion. Deposits fell slightly on the week to their lowest level since mid-2021, as deposits at foreign institutions in the US decreased.