Posts Tagged ‘4th Quarter’

The FDIC just came out with their 4th quarter 2009 report and this is some of what is in it:

Banks Report Further Declines in Loan Balances
Total assets of insured institutions fell for a fourth consecutive quarter, declining by $137.2 billion (1.0 percent). During the year, total industry assets declined by a net $731.7 billion (5.3 percent), the largest percentage decline in a year since the inception of the FDIC. Total loan and lease balances declined for the sixth quarter in a row, falling by $128.8 billion (1.7 percent).

The fourth-quarter decline was led by C&I loan balances, which fell by $54.5 billion (4.3 percent); real estate C&D loans (down $41.5 billion, or 8.4 percent); loans to depository institutions (down $21.2 billion, or 15.9 percent); and residential mortgage loans (down $11.2 billion, or 0.6 percent). Credit card balances increased $29.1 billion during the quarter (7.4 percent), but balances in all other major loan categories declined.

Insured institutions continued to add to their securities holdings. Slightly more than half of all insured institutions (52 percent) reported declining loan balances in the fourth quarter.

Total securities increased by $103.7 billion (4.3 percent) during the quarter, with mortgage backed securities rising by $44.8 billion (3.3 percent), and U.S. Treasury securities increasing by $15.9 billion (18.3 percent). During 2009, insured institution securities holdings increased by $465.1 billion (22.9 percent).

You can read the whole report here or download the pdf file.