New Banking Data: Where’s The Credit Crisis? Total Bank Loans and Leases Exceed $7T For First Time

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New Banking Data: Where’s The Credit Crisis? Total Bank Loans and Leases Exceed $7T For First Time

By Mark Perry on September 30, 2008 | More Posts By Mark Perry | Author's Website

New banking data were released today from the Federal Reserve on bank loan volume through September 17 (for weekly data and August for monthly data), showing that “Total Loans and Leases at All Commercial Banks” reached an all-time high of $7.026 trillion (reported weekly) in mid-September, going over $7 trillion for the first time in history (see graph below).

Consumer loans (reported monthly) hit an all-time high of $845 billion in August:

Real estate loans (reported monthly) peaked out this year at about $3.642 trillion, and increased slightly in August from July:

Commercial and industrial loans at large commercial banks (reported weekly) were close to an all-time in September, just slightly below record levels reached in July:

Q: Where’s the credit crisis?

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