U.S. Loans Fall By $747 Million

U.S. commercial and industrial loans at major banks fell $747 million in the week ended May 24 to $340.509 billion, the Federal Reserve said today.

That doesn’t include $1.748 billion in bankers’ acceptances and commercial paper. Including that category, commercial and industrial loans fell $732 million to $342.257 billion.

Separately, the Fed reported commercial and industrial loans at all commercial banks increased by $200 million in the week ended May 17 to $690.0 billion.