Some Common Cents for January 15th 2016

January 16, 2016, by John Norris

According to the Federal Reserve, loans and leases on the books of US commercial banks in the United States totaled in the neighborhood of $6.785 trillion in December 2007. The amount of deposits banks had to cover these loans totaled $6.664 trillion. In other words, banks were fully “loaned up.” Also according to the Fed, loans and leases at US commercial banks were about $8.518 trillion in November 2015, and banks had around $10.962 trillion...

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