Daily Economic Indicator: Banks increase lending

10/19/2010 | Bloomberg

The Federal Reserve recently released data showing that banks increased lending over the past three months, indicating more support for the economic recovery. Commercial and industrial loans, which had declined 25%, increased in July and August. For the first time since the beginning of the credit crisis, banks started easing lending standards in the second quarter. The shift is expected to help the recovery, according to economists.

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