How Did Banks Fund C&I Drawdowns at the Onset of the COVID-19 Crisis?

David Glancy, Max Gross and Felicia Ionescu ()

No 2020-07-31-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Banks experienced significant balance sheet expansions in March 2020 due to unprecedented increases in commercial and industrial (C&I) loans and deposit funding. According to the Federal Reserve's H.8 data, "Assets and Liabilities of Commercial Banks in the U.S.", C&I loans increased by nearly $480 billion in March—the largest monthly increase in the history of this series, surpassing the nearly $90 billion increase in C&I loans in the six weeks following Lehman Brothers' collapse in 2008.

Date: 2020-07-31
New Economics Papers: this item is included in nep-ban, nep-fmk and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-07-31-1

DOI: 10.17016/2380-7172.2601

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