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  • Bank Credit Shrinking

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    C&I loans are still growing marginally YoY BUT if you add in ABCP (which are the conduits for much of the lending), it is evident that bank credit is falling dramatically. The chart shows that we are dipping back down to the record lows of last year - ABCP has fallen $50bn in the two weeks since the last Fed data on C&I loans was reported. If the trend continued, credit would have contracted over 7% YoY! so much for real lending picking up.

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    C&I loans are still growing marginally YoY BUT if you add in ABCP (which are the conduits for much of the lending), it is evident that bank credit is falling dramatically. The chart shows that we are dipping back down to the record lows of last year - ABCP has fallen $50bn in the two weeks since the last Fed data on C&I loans was reported. If the trend continued, credit would have contracted over 7% YoY! so much for real lending picking up.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views1 page

    Bank Credit Shrinking

    Uploaded by

    CreditTrader
    C&I loans are still growing marginally YoY BUT if you add in ABCP (which are the conduits for much of the lending), it is evident that bank credit is falling dramatically. The chart shows that we are dipping back down to the record lows of last year - ABCP has fallen $50bn in the two weeks since the last Fed data on C&I loans was reported. If the trend continued, credit would have contracted over 7% YoY! so much for real lending picking up.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    2500 100%

    ABCP Market Size ($bn) (RHS)
    90%
    C&I Loans ($bn) (RHS)

    Total C&I Loans plus ABCP (RHS) 80%
    2000
    YoY Growth in C&I Loans (LHS)
    70%
    Real Growth in Bank Credit (LHS)

    60%

    1500
    50%

    40%

    30%
    1000

    20%

    10%
    500
    0%

    ‐10%

    0 ‐20%
    1/3/2001 1/3/2003 1/3/2005 1/3/2007 1/3/2009

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