US Bank Lending Retreated During Week of First Republic Failure.

US Bancorp (Company); BOARD of Governors of the Federal Reserve System (U.S.); J.P. Morgan Chase & Co.

Economists and policymakers are closely monitoring a range of data to assess lending conditions and the overall stability of the financial sector in the wake of several regional bank failures. (Bloomberg) -- US loans and deposits fell slightly in the chaotic first week of May when First Republic Bank collapsed - marking the nation's second-largest bank failure - and was acquired by JPMorgan Chase & Co. Commercial bank lending fell $15.7 billion in the week ended May 3 after increasing $41.9 billion in the prior week, according to seasonally adjusted data from the Federal Reserve out Friday. [Extracted from the article]

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