Foreign Loan Officers Have Looser Purse StringsGene Koretz
American banks may be tightening their lending, but businesses can still find some friendly loan officers at foreign-related banks. The Federal Reserve Board reports that commercial and industrial loans by the banking system rose at a 4.9% annual rate in November, after declining in the two prior months. The catch is that all of the increase in C&I loans occurred at foreign-related banks, which boosted their U. S. lending by $4.2 billion, or at a 38.7% annual rate, while C&I loans at domestically chartered institutions fell.
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