Economic Report
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Deposits also rise slightly amid renewed worry about the U.S. banking sector
People walk by a First Republic bank in San Francisco. The bank’s stock has plunged amid worries about its survival.
The numbers: Total bank lending rose to $12.1 trillion in the seven days ended April 19 from $12.09 trillion in the prior week, the Federal Reserve said Friday. This is the third straight weekly gain.
Deposits at banks rose slightly to $17.20 trillion from $17.18 trillion in the prior week. They are down from $17.26 over the past month.
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