Bank credit at all commercial banks.

[GRAPHIC OMITTED]

BANK CREDIT AT ALL COMMERCIAL BANKS

Total commercial bank loans and leases fell 0.6 percent in March;
commercial and industrial loans fell 1.1 percent.

[Billions of dollars, seasonally adjusted (1)]

                                    Securities in bank credit

                                              U.S.
                   Total                  Treasury
                    bank        Total   and agency            Other
Period            credit   securities   securities   securities (2)

1999: Dec (r)    4,743.4      1,270.0        811.3            458.7
2000: Dec (r)    5,200.4      1,336.2        789.5            546.8
2001: Dec (r)    5,409.6      1,480.5        849.2            631.3
2002: Dec (r)    5,888.2      1,719.7      1,033.1            686.5
2003: Dec (r)    6,260.8      1,851.0      1,107.7            743.4
2004: Dec (r)    6,811.5      1,944.5      1,165.5            779.0
2005: Dec (r)    7,531.8      2,063.0      1,159.7            903.4
2006: Dec (r)    8,359.3      2,240.4      1,211.7          1,028.7
2007: Dec (r)    9,206.0      2,412.0      1,128.5          1,283.5
2008: Dec (r)    9,966.7      2,772.6      1,262.2          1,510.3

2008: Mar (r)    9,495.5      2,554.1      1,106.3          1,447.9
      Apr (r)    9,417.8      2,524.9      1,099.6          1,425.3
      May (r)    9,422.4      2,503.6      1,109.4          1,394.2
      June (r)   9,401.2      2,496.8      1,125.9          1,370.9
      July (r)   9,426.0      2,507.2      1,123.4          1,383.8
      Aug (r)    9,415.0      2,487.7      1,131.6          1,356.1
      Sept (r)   9,572.6      2,538.3      1,155.6          1,382.7
      Oct (r)    9,982.9      2,720.2      1,235.9          1,484.3
      Nov (r)    9,924.7      2,712.3      1,264.5          1,447.7
      Dec (r)    9,966.7      2,772.6      1,262.2          1,510.3

2009: Jan (r)    9,884.1      2,750.0      1,279.8          1,470.2
      Feb (r)    9,829.7      2,693.5      1,264.4          1,429.1
      Mar        9,808.2      2,715.1      1,274.0          1,441.2

                          Loans and leases in bank credit

                                                   Real estate
                      Total    Commercial
                  loans and           and                 Revolving
Period           leases (3)    industrial   Total (4)   home equity

1999: Dec (r)       3,473.4         990.2     1,476.0         101.7
2000: Dec (r)       3,864.2       1,078.4     1,660.5         130.4
2001: Dec (r)       3,929.1       1,018.0     1,790.4         156.0
2002: Dec (r)       4,168.5         955.7     2,038.4         213.8
2003: Dec (r)       4,409.8         896.1     2,235.4         281.1
2004: Dec (r)       4,867.1         918.5     2,574.8         399.2
2005: Dec (r)       5,468.8       1,035.8     2,942.0         445.6
2006: Dec (r)       6,118.9       1,187.5     3,378.8         469.9
2007: Dec (r)       6,794.0       1,430.8     3,607.9         486.0
2008: Dec (r)       7,194.2       1,582.9     3,828.0         590.7

2008: Mar (r)       6,941.4       1,480.0     3,658.9         500.1
      Apr (r)       6,893.0       1,487.9     3,643.6         506.2
      May (r)       6,918.8       1,494.1     3,639.8         511.1
      June (r)      6,904.4       1,505.5     3,631.7         516.7
      July (r)      6,918.9       1,516.1     3,620.8         522.4
      Aug (r)       6,927.3       1,516.5     3,623.1         526.8
      Sept (r)      7,034.3       1,537.0     3,660.5         540.2
      Oct (r)       7,262.7       1,602.3     3,820.8         579.7
      Nov (r)       7,212.4       1,600.2     3,826.8         585.0
      Dec (r)       7,194.2       1,582.9     3,828.0         590.7

2009: Jan (r)       7,134.1       1,570.6     3,810.3         594.5
      Feb (r)       7,136.2       1,560.3     3,829.1         597.0
      Mar           7,093.1       1,543.3     3,831.0         601.4

                          Loans and leases in bank credit

                 Real estate

Period            Commercial   Consumer (5)   Security (5)    Other

1999: Dec (r)            ...          491.7          128.6    386.8
2000: Dec (r)            ...          541.2          153.1    431.0
2001: Dec (r)            ...          558.7          119.8    442.2
2002: Dec (r)            ...          589.7          161.2    423.5
2003: Dec (r)            ...          645.8          187.9    444.5
2004: Dec (r)        1,081.7          698.3          188.7    486.8
2005: Dec (r)        1,273.0          707.6          236.4    547.0
2006: Dec (r)        1,452.2          742.8          257.4    552.5
2007: Dec (r)        1,602.3          806.8          285.4    663.0
2008: Dec (r)        1,736.8          881.4          244.7    657.1

2008: Mar (r)        1,639.8          818.1          300.7    683.7
      Apr (r)        1,651.0          824.8          287.5    649.1
      May (r)        1,660.8          828.8          304.7    651.4
      June (r)       1,672.2          834.0          290.1    643.1
      July (r)       1,675.3          843.0          297.7    641.2
      Aug (r)        1,677.5          847.8          303.6    636.2
      Sept (r)       1,687.8          853.8          327.4    655.7
      Oct (r)        1,728.9          872.2          293.6    673.8
      Nov (r)        1,732.2          878.3          263.3    643.9
      Dec (r)        1,736.8          881.4          244.7    657.1

2009: Jan (r)        1,729.9          891.6          224.5    637.1
      Feb (r)        1,729.3          900.1          218.1    628.6
      Mar            1,726.8          892.6          198.1    628.1

(1) Data are prorated averages of Wednesday values for domestically
chartered commercial banks, branches and agencies of foreign banks,
New York State investment companies (through September 1996), and
Edge Act and agreement corporations. Data are adjusted for breaks
caused by reclassifications of assets and liabilities.

(2) Includes other trading assets.

(3) Excludes unearned income. Includes the allowance for loan and
lease losses. Excludes Federal funds sold to, reverse repurchase
agreements (RPs) with, and loans to commercial banks
in the United States.

(4) Includes other residential, not shown separately.

(5) Includes other items, not shown separately.

Source: Board of Governors of the Federal reserve System.