US commercial bank assets increased to $24.73 trillion in early January, according to new data released Friday by the Federal Reserve.
The central bank’s weekly H.8 report showed total bank credit rising to $19.05 trillion, supported by steady growth in loans and leases, which reached $13.38 trillion.
Business lending posted modest gains, while real estate loans continued to expand at a slower pace. Consumer borrowing remained firm, with credit card balances climbing above $1.07 trillion.
Total deposits increased to $18.62 trillion, as higher interest rates encouraged more funds to move into time deposits. Cash assets edged lower, while federal funds sold and reverse repurchase agreements increased, reflecting active liquidity management by banks.
The latest figures point to continued stability in the US banking system, with no immediate signs of funding stress or sharp credit contraction.
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