FDIC: Banks See Improvement in Profits

The U.S. loan picture improved slightly during the second quarter, with the amount of loans 90 days or more past due declining for the first time in more than four years, the FDIC said on Tuesday. But there are still troubling indicators. Loan balances continued to decline during the 2Q, with net loan and lease balances declining by 1.3%. Loans to small businesses and farms fell by 1.8% during the quarter. – Reuters

FDIC Quarterly Publication

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