So here we have more Fed FRED data, also in release H.8, specifically LOANS: Total Loans and Leases at Commercial Banks.
The most current data at this time is from February, 2010 and we can observe a new record decline on percent year over year basis.
It appears that the year over year change typically reaches a local minima from one to six months after the end of a recession, though the early '90s recession breaks this pattern. If the end of the recession was July, 2009 than this should start turning up...well, last month but if not this month...well, if not next month...
1 comment:
Wow. Serious contraction. I did not realize the magnitude.
I'm also surprised that there's been no bounce over the past year, given all of the stimulus.
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