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Discussion Paper

How Did Banks Fund C&I Drawdowns at the Onset of the COVID-19 Crisis?


Abstract: Banks experienced significant balance sheet expansions in March 2020 due to unprecedented increases in commercial and industrial (C&I) loans and deposit funding. According to the Federal Reserve's H.8 data, "Assets and Liabilities of Commercial Banks in the U.S.", C&I loans increased by nearly $480 billion in March—the largest monthly increase in the history of this series, surpassing the nearly $90 billion increase in C&I loans in the six weeks following Lehman Brothers' collapse in 2008.

https://doi.org/10.17016/2380-7172.2601

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File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/how-did-banks-fund-c-and-i-drawdowns-at-the-onset-of-the-covid-19-crisis-20200731.htm

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2020-07-31

Number: 2020-07-31-1