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Christopher Menkin
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Christopher "Kit" Menkin is of editor LeasingNews.org (http://www.leasingnews.org/), an internet trade publication for the finance/leasing industry. He has 46 years experience in the finance/leasing industry as well as being a founder of a commercial regional bank and serving on several company... More
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  • Small US Commercial Banks Beat Big Boys On Loan Growth Front, Reports SNL Financial 0 comments
    Nov 19, 2013 1:04 PM

    Loans and deposits ticked up at commercial banks in October, according to the Federal Reserve's Nov. 8 weekly H.8 release, posting weekly and monthly gains. Loans and leases in the industry stood at $7.332 trillion as of Oct. 30, up slightly from $7.326 trillion at the close of September. Deposits, on the other hand, rose to $9.651 trillion in the week ended Oct. 30, up from $9.584 trillion in September.

    Deposits continued marching upward in October, but the largest 25 domestically chartered commercial banks have been able to grow deposits at a faster clip than smaller banks. These largest banks held $5.599 trillion in deposits at Oct. 30, up from $5.536 trillion at the end of September and $5.408 trillion at the close of March. Small, domestically chartered banks held $3.021 trillion in deposits at Oct. 30, up from $3.009 trillion in September and $2.969 trillion in March.

    However, small banks have fared better than their larger peers when it comes to growing loans over the span of the eight months under review. Loans and leases at small, domestically chartered banks totaled $2.463 trillion at Oct. 30, up from $2.455 trillion in September and $2.390 trillion in March. The 25 largest banks posted $4.195 trillion in loans at Oct. 30, down from $4.216 trillion in September and $4.222 trillion in March.

    Commercial and industrial loans and consumer loans have been the bright spots for the industry, while real estate loans have fallen. Across all commercial banks in the U.S., C&I loans totaled $1.591 trillion at Oct. 30, up 0.95% since September and 3.91% since March. Consumer loans equaled $1.152 trillion on Oct. 30, up from $1.143 trillion in September and $1.123 trillion in March.

    Full Report Here:
    http://www.snl.com/InteractiveX/Article.aspx?cdid=A-25458625-12075

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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