Bank lending falls for first time in a month, Fed says

Bank deposits fell slightly last week and lending also declined for the first time in a month, the Federal Reserve reported Friday, but there was little sign of major stress in the U.S. financial system.

Total... Bank deposits fell slightly last week and lending also declined for the first time in a month, the Federal Reserve reported Friday, but there was little sign of major stress in the U.S. financial system. Key details: Commercial and industrial loans — a key economic driver — fell by $13 billion to $2.75 trillion. These loans are still near a record high, however.

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