Lending on the Upswing

Banks are easing credit for most types of lending; commercial and industrial loan volume is up 7.5 percent year over year.

Banks in the U.S. saw increased demand from businesses and consumers for lending and in turn made those loans more readily available, according to a Federal Reserve report.

“Domestic banks, on balance, reported having eased their lending standards on many types of business and consumer loans and having experienced increases in loan demand, on average, over the past three months,” the Fed said today in its quarterly survey of senior loan officers.

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