Bank deposits slip for second week in a row, lending rebounds, Fed data show

Invesitng.com — Bank deposits fell for the second-straight week, while lending activity rebounded in the week ended Aug. 16, the latest data Friday from the Fed showed.

Deposits at large U.S. banks fell by $48.8 billion to $17.295 trillion from a week earlier, on a seasonally adjusted basis.

Commercial bank lending rose by $26.1B to a seasonally adjusted $12.127T during the week, following a $5.2B drop in the prior week, the Fed data showed.

Residential real estate lending fell $14.9B, commercial real estate loans increased by $2.3B from a the week earlier, while consumer loans were up $0.5B from the prior week. 

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