Deposits, lending tick up for third straight week: Fed

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Deposits, lending tick up for third straight week: Fed

Invesitng.com --  Deposits and lending activity at commercial U.S. banks increased for the third-straight week in the week ended May. 31, the latest data from the Fed showed, as the recovery from the fallout of the banking turmoil seen in the spring continues. 

Deposits at large U.S. banks rose $46.6 billion to $17.238 trillion from a week earlier, on a seasonally adjusted basis.

Commercial bank lending increased $4.6B to a seasonally adjusted $12.139 trillion during the week.

Residential lending increased $0.6B, commercial real estate loans climbed $3.7B, while consumer loans were down $2.1B from the prior week.

Commercial and industrial loans were up about $0.6B from a week ago on a seasonally adjusted basis. 

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