Banks and the Economy

FDIC’s Supervisory Insights Highlights Credit Risk Trends

Total loan balances at FDIC-insured banks grew 6.8 percent between September 2015 and September 2016, with considerable growth occurring in commercial real estate, agricultural, and oil and gas lending portfolios, the agency said in the winter issue of its Supervisory Insights publication released today.

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International Trade Balance Widened in January

The U.S. international trade deficit widened in January to $48.5 billion, up from $44.3 billion in December, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The overall increase reflected a $1.1 billion increase in exports along with a $5.3 billion increase in imports. The goods deficit increased $4.0 billion to $69.7 billion, while the services ...

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Manufactured Goods Orders Rose in January

New orders for manufactured goods increased 1.2% to $470.2 billion in January, according to the U.S. Census Bureau. The January reading followed a 1.3% December increase. New orders for manufactured durable goods jumped 2.0% to $230.7 billion, after decreasing for two consecutive months. Orders for transportation equipment drove the increase, rising 6.2% to $76.5 billion. Shipments of manufactured durable goods ...

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ISM: Non-Manufacturing Sector Grew in February

The ISM Non-Manufacturing Index registered 57.6 points in February, 1.1 percentage points above January’s figure and the highest reading since October 2015. This was the 86th consecutive month of growth. Sixteen non-manufacturing industries reported growth in February, while two reported contraction. Growth in the Business Activity Index increased 3.3 points to 63.6, the highest reading since February 2011. Thirteen industries ...

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Beige Book: Economic Expansion Continues into 2017

Economic activity continued to expand at a modest to moderate pace across the twelve Federal Reserve Districts over the period from January to mid-February, according to the just-released Federal Reserve Beige Book. Consumer spending expanded at a moderate pace this period. Most Districts reported expanded retail sales at a subdued pace, with numerous Districts reporting an ongoing shift from purchases ...

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Construction Spending Declined in January

Construction spending decreased 1.0% in January to a seasonally adjusted annual level (SAAL) of $1,180.3 billion, according to the Census Bureau. December’s spending estimate was revised to a rate of $1,192.2 billion. January’s figure is 3.1% greater than the January 2016 estimate of $1,144.9 billion. Total private construction rose to $911.6 billion SAAL, up 0.2% from the revised December estimate ...

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Manufacturing Sector Expanded in February

The ISM Manufacturing Index registered 57.7 points in February, up 1.7 points from the previous month and the highest reading since August 2014, according to the Institute for Supply Management. February’s reading indicates a sixth consecutive month of expansion in manufacturing, as readings over 50 points denote expansion. Of the eighteen manufacturing industries, seventeen reported growth while only one reported ...

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