Average construction & land development loans at U.S. commercial banks continued to increase in February, rising $3.4 billion to $303.8 billion, according to the Federal Reserve's March 10, H.8 report. Meanwhile, average total loans and leases at U.S. commercial banks remained largely flat in February, increasing by a mere $2.4 billion to $9.131 trillion.
Average construction and development loans have grown by $37.3 billion over the last year at U.S. commercial banks, thanks mostly to $25.2 billion growth at small domestic commercial banks and $10.0 billion growth at large domestic commercial banks.
Average total deposits at U.S. commercial banks hit $11.541 trillion in February, up $23.2 billion for the month. Average deposits at foreign-related institutions increased sequentially by $22.0 billion in February, but were still down $114.4 billion year over year.