March 22, 2019
Commercial and industrial loans, which are more commonly called “business loans” rose 8.0% in February after having risen 5.3% in January (the light green bars on the left scale). The year-over-year growth rate has now quickened to a 10.3% pace (green line on the right scale). That is the fastest four-quarter growth rate for C&I loans since the latter part of 2015.
Led by the faster rate of growth for business loans and a pickup in consumer lending, total loan growth has picked up to a 5.5% pace in the past year. That is respectable growth without being excessive.