Commercial and Industrial Loans, All U.S. Commercial Banks

## What this measures

Commercial and industrial (business) loans at U.S. commercial banks. Weekly (Wednesday), seasonally adjusted, $ billions, from the Fed's H.8 release (Assets and Liabilities of Commercial Banks in the United States).

## Why it matters

Bank balance sheets are where credit to households and businesses is created. The H.8 shows it weekly, months before quarterly call reports.

## How to read it

Read growth rates (13 or 52 weeks), not levels. Week-to-week moves include mergers and accounting changes, which the Fed adjusts for in its growth figures but not in levels.

## What it does not say

Commercial banks only: credit unions, nonbank lenders, private credit and bond markets are not here. Levels are estimates from a sample of banks, benchmarked to quarterly reports, and get revised.

## Source

Federal Reserve Board, H.8 Assets and Liabilities of Commercial Banks (TOTCI), via FRED. Public domain.