Bank Lending Surveys
Treasury launched the monthly bank lending surveys as part of its commitment to Congress and the public to enhance communication and transparency about its programs to stabilize the financial system. The surveys are designed to provide new, more frequent and more accessible information on banks' lending activities to help taxpayers easily assess the lending and other activities of banks receiving government investments.
THE
MONTHLY LENDING AND INTERMEDIATION
SNAPSHOP (Top 22)
Summary Analysis:
Septemeber 2009
Treasury’s tenth survey of banks’ activities was conducted as the economy showed more signs of improvement. The economy began to grow again in the July-to-September period after a year of steady contraction. Real GDP rose 3.5 percent at an annual rate in the third quarter. Housing activity continued to strengthen, with housing starts and existing home sales both rising in September and the inventory of homes on the market shrinking further. Consumer spending weakened, pulled down by a drop in auto purchases following the Cash for Clunkers-induced surge in August. Non-auto consumption rose, however. The pace of job losses slowed considerably in the third quarter, with the average monthly employment decline about half the size recorded in the second quarter. Nevertheless, the unemployment rate continued to rise and in October reached a 26-year high of 10.2 percent. Financial conditions improved further in September. Short-term credit spreads continued to narrow and the VIX eased slightly, moving closer to pre-crisis norms. Equity markets posted gains for the month. Despite the pickup in economic activity, the labor market remains weak and forecasters expect the unemployment rate to remain above 10 percent well into 2010. Read more…
THE CAPITAL PURCHASE PROGRAM MONTHLY LENDING REPORT
Summary Analysis: September
2009
The CPP Monthly Lending Report includes all participants in the CPP and is published in addition to the Monthly Lending and Intermediation Snapshot of the top 22 CPP participants. The Lending Report makes available three data points on a monthly basis: average outstanding balances of consumer loans, commercial loans, and total loans from all CPP participants. Read more...
