The Federal Reserve's statement announced that bank deposits and lending decreased during the week ending August 9th.
Deposits of large US banks decreased by $11 billion to $17.344 trillion compared to the previous week, on a seasonally adjusted basis.
Lending from commercial banks fell by $5.2 billion to $12.127 trillion, seasonally adjusted, during the week, according to data published by the Federal Reserve.
Lending to residential properties decreased by $6 billion, while commercial real estate loans increased by $2 billion from the previous week, while consumer lending increased by $4.1 billion from the previous week.
