Banks and the Economy

Small Business Optimism Remains Strong in April

The NFIB Small Business Optimism Index decreased 0.2 points in April to 104.5, maintaining the high level of post-election optimism. Five of the ten index components rose, while three declined. Reported job creation has improved, as 55% of businesses reported hiring or trying to hire. However, 48% reported few or no qualified applicants for the positions they were trying to ...

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Fed Survey: Banks Continue to Tighten on CRE Lending

Bankers continued tightening credit for commercial real estate and certain consumer loans in the first quarter of 2017, while easing slightly on commercial and industrial lending, according to the Federal Reserve’s latest senior loan officer survey released today.

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Consumer Credit Growth Strong in March

Consumer credit increased at a seasonally adjusted annual rate of 5.2% in March, up from a revised 4.4% rate in February. Total outstanding credit increased $16.4 billion during the month (compared with $13.8 billion in February) to $3.81 trillion. Revolving credit grew at an annual rate of 2.4% to $1.0 trillion, compared to a 2.0% increase in February. Non-revolving credit ...

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Agencies Publish FAQs on Resolution Planning

The Federal Reserve and the FDIC today published the answers to frequently asked questions about guidance issued last year on the resolution plans that the nation’s eight largest banks are required to submit detailing how they would be wound down in the event of bankruptcy. The FAQs address capital and liquidity requirements and forecasting, governance mechanisms, management of critical third-party ...

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211,000 Jobs Added in April

Total nonfarm payroll employment rose by 211,000 in April, an increase from March’s downwardly revised figure of 79,000, according to the Bureau of Labor Statistics. The national unemployment rate moved down to 4.4%, the lowest rate in more than 10 years. Private service-providing industries added a net 173,000 jobs, led by gains in leisure and hospitality services, which added 55,000 ...

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