ABA Data Bank: Strong Consumer Credit Growth Tracks Continued Economic Expansion

Business inventories in January came in at $2.59 trillion, up 0.3% from the month prior and up 2.3% from a year ago, the Commerce Department said.

Retail and food service sales for February were $722.7 billion, up 0.2% from the previous month, the Commerce Department said in its advance estimate. Sales were up 3.1% from a year ago.

President Trump issued an executive order directing the CDFI Fund and other government programs to reduce their personnel and operations to the minimum to needed to perform their statutory duties.

A federal court in Maryland issued a temporary restraining order preventing the Trump administration from firing probationary employees at 16 federal departments and agencies, including the CFPB, FDIC and Treasury Department.

Bank Term Funding Program data shows that credit unions made up just 28% of borrowers but received over 40% of total loans.

ABA offered four policy recommendations for Trump administration officials as they develop an “action plan” to advance the development and implementation of artificial intelligence technologies in the U.S.