Chart 35
Bank loan growth tends to tail off when economy slows.
(Commercial bank, total loan growth)
Chart 35
Year and Quarter |
Percent Change in Loans |
1948 - Q1 |
26.20 |
1948 - Q2 |
25.00 |
1948 - Q3 |
17.83 |
1948 - Q4 |
13.70 |
1949 - Q1 |
9.76 |
1949 - Q2 |
5.73 |
1949 - Q3 |
3.63 |
1949 - Q4 |
3.14 |
1950 - Q1 |
4.84 |
1950 - Q2 |
8.25 |
1950 - Q3 |
13.58 |
1950 - Q4 |
20.15 |
1951 - Q1 |
22.90 |
1951 - Q2 |
22.56 |
1951 - Q3 |
19.10 |
1951 - Q4 |
13.81 |
1952 - Q1 |
10.66 |
1952 - Q2 |
9.33 |
1952 - Q3 |
9.34 |
1952 - Q4 |
10.46 |
1953 - Q1 |
10.72 |
1953 - Q2 |
10.55 |
1953 - Q3 |
9.06 |
1953 - Q4 |
5.83 |
1954 - Q1 |
2.30 |
1954 - Q2 |
0.21 |
1954 - Q3 |
0.11 |
1954 - Q4 |
2.54 |
1955 - Q1 |
6.79 |
1955 - Q2 |
10.70 |
1955 - Q3 |
14.23 |
1955 - Q4 |
16.01 |
1956 - Q1 |
16.62 |
1956 - Q2 |
16.82 |
1956 - Q3 |
14.68 |
1956 - Q4 |
12.69 |
1957 - Q1 |
9.66 |
1957 - Q2 |
7.32 |
1957 - Q3 |
6.50 |
1957 - Q4 |
5.25 |
1958 - Q1 |
11.16 |
1958 - Q2 |
10.06 |
1958 - Q3 |
9.14 |
1958 - Q4 |
9.83 |
1959 - Q1 |
5.85 |
1959 - Q2 |
8.13 |
1959 - Q3 |
12.33 |
1959 - Q4 |
13.50 |
1960 - Q1 |
12.81 |
1960 - Q2 |
11.34 |
1960 - Q3 |
7.88 |
1960 - Q4 |
6.08 |
1961 - Q1 |
6.05 |
1961 - Q2 |
5.30 |
1961 - Q3 |
4.82 |
1961 - Q4 |
5.62 |
1962 - Q1 |
6.01 |
1962 - Q2 |
7.99 |
1962 - Q3 |
9.46 |
1962 - Q4 |
10.94 |
1963 - Q1 |
11.47 |
1963 - Q2 |
11.62 |
1963 - Q3 |
12.82 |
1963 - Q4 |
13.32 |
1964 - Q1 |
13.39 |
1964 - Q2 |
13.30 |
1964 - Q3 |
12.58 |
1964 - Q4 |
11.61 |
1965 - Q1 |
12.54 |
1965 - Q2 |
13.86 |
1965 - Q3 |
14.34 |
1965 - Q4 |
14.54 |
1966 - Q1 |
13.65 |
1966 - Q2 |
12.64 |
1966 - Q3 |
13.01 |
1966 - Q4 |
10.87 |
1967 - Q1 |
9.45 |
1967 - Q2 |
8.09 |
1967 - Q3 |
6.74 |
1967 - Q4 |
7.75 |
1968 - Q1 |
8.62 |
1968 - Q2 |
9.22 |
1968 - Q3 |
10.38 |
1968 - Q4 |
11.80 |
1969 - Q1 |
12.25 |
1969 - Q2 |
13.22 |
1969 - Q3 |
10.48 |
1969 - Q4 |
8.10 |
1970 - Q1 |
6.20 |
1970 - Q2 |
3.67 |
1970 - Q3 |
4.78 |
1970 - Q4 |
5.52 |
1971 - Q1 |
6.61 |
1971 - Q2 |
8.57 |
1971 - Q3 |
9.40 |
1971 - Q4 |
10.53 |
1972 - Q1 |
11.77 |
1972 - Q2 |
13.44 |
1972 - Q3 |
14.78 |
1972 - Q4 |
16.27 |
1973 - Q1 |
19.53 |
1973 - Q2 |
21.13 |
1973 - Q3 |
21.44 |
1973 - Q4 |
19.43 |
1974 - Q1 |
15.87 |
1974 - Q2 |
15.35 |
1974 - Q3 |
14.21 |
1974 - Q4 |
12.99 |
1975 - Q1 |
9.51 |
1975 - Q2 |
3.35 |
1975 - Q3 |
-0.28 |
1975 - Q4 |
-0.63 |
1976 - Q1 |
0.18 |
1976 - Q2 |
2.66 |
1976 - Q3 |
4.84 |
1976 - Q4 |
6.53 |
1977 - Q1 |
8.62 |
1977 - Q2 |
10.73 |
1977 - Q3 |
12.74 |
1977 - Q4 |
13.72 |
1978 - Q1 |
14.69 |
1978 - Q2 |
15.67 |
1978 - Q3 |
16.11 |
1978 - Q4 |
16.54 |
1979 - Q1 |
16.79 |
1979 - Q2 |
16.44 |
1979 - Q3 |
16.43 |
1979 - Q4 |
14.57 |
1980 - Q1 |
13.01 |
1980 - Q2 |
8.51 |
1980 - Q3 |
4.85 |
1980 - Q4 |
6.16 |
1981 - Q1 |
6.13 |
1981 - Q2 |
8.65 |
1981 - Q3 |
10.43 |
1981 - Q4 |
9.14 |
1982 - Q1 |
10.26 |
1982 - Q2 |
10.62 |
1982 - Q3 |
10.27 |
1982 - Q4 |
9.25 |
1983 - Q1 |
6.77 |
1983 - Q2 |
5.03 |
1983 - Q3 |
5.71 |
1983 - Q4 |
7.40 |
1984 - Q1 |
9.69 |
1984 - Q2 |
12.85 |
1984 - Q3 |
13.63 |
1984 - Q4 |
13.90 |
1985 - Q1 |
13.54 |
1985 - Q2 |
12.16 |
1985 - Q3 |
11.23 |
1985 - Q4 |
10.56 |
1986 - Q1 |
10.91 |
1986 - Q2 |
9.65 |
1986 - Q3 |
8.94 |
1986 - Q4 |
8.55 |
1987 - Q1 |
8.97 |
1987 - Q2 |
9.44 |
1987 - Q3 |
9.49 |
1987 - Q4 |
9.15 |
1988 - Q1 |
7.39 |
1988 - Q2 |
8.33 |
1988 - Q3 |
8.74 |
1988 - Q4 |
8.39 |
1989 - Q1 |
8.63 |
1989 - Q2 |
7.85 |
1989 - Q3 |
8.23 |
1989 - Q4 |
8.29 |
1990 - Q1 |
7.03 |
1990 - Q2 |
6.41 |
1990 - Q3 |
5.57 |
1990 - Q4 |
4.72 |
1991 - Q1 |
4.26 |
1991 - Q2 |
2.81 |
1991 - Q3 |
0.65 |
1991 - Q4 |
-0.13 |
1992 - Q1 |
-0.16 |
1992 - Q2 |
-0.29 |
1992 - Q3 |
-0.20 |
1992 - Q4 |
0.17 |
1993 - Q1 |
-0.21 |
1993 - Q2 |
0.80 |
1993 - Q3 |
2.80 |
1993 - Q4 |
3.59 |
1994 - Q1 |
4.60 |
1994 - Q2 |
5.13 |
1994 - Q3 |
6.17 |
1994 - Q4 |
7.62 |
1995 - Q1 |
9.72 |
1995 - Q2 |
11.78 |
1995 - Q3 |
11.82 |
1995 - Q4 |
10.71 |
1996 - Q1 |
9.17 |
1996 - Q2 |
7.02 |
1996 - Q3 |
5.70 |
1996 - Q4 |
5.79 |
1997 - Q1 |
6.15 |
1997 - Q2 |
7.52 |
1997 - Q3 |
8.41 |
1997 - Q4 |
8.44 |
1998 - Q1 |
8.71 |
1998 - Q2 |
8.06 |
1998 - Q3 |
8.04 |
1998 - Q4 |
9.78 |
1999 - Q1 |
7.81 |
1999 - Q2 |
6.34 |
1999 - Q3 |
4.82 |
1999 - Q4 |
4.45 |
2000 - Q1 |
7.82 |
2000 - Q2 |
10.86 |
2000 - Q3 |
13.41 |
2000 - Q4 |
12.05 |
2001 - Q1 |
10.07 |
2001 - Q2 |
7.30 |
2001 - Q3 |
4.20 |
2001 - Q4 |
2.44 |
2002 - Q1 |
0.58 |
2002 - Q2 |
0.69 |
2002 - Q3 |
2.38 |
2002 - Q4 |
5.01 |
2003 - Q1 |
6.81 |
2003 - Q2 |
8.74 |
2003 - Q3 |
8.95 |
2003 - Q4 |
5.92 |
2004 - Q1 |
7.32 |
2004 - Q2 |
7.16 |
2004 - Q3 |
7.62 |
2004 - Q4 |
10.36 |
2005 - Q1 |
10.13 |
2005 - Q2 |
10.57 |
2005 - Q3 |
11.67 |
2005 - Q4 |
11.62 |
Note: Growth calculated year-over-year. The chart shows recessions occurring
in approximately the end of 1953 to the beginning of 1954, the end of 1957
to the beginning of 1958, the beginning of 1970 through third quarter 1970,
1974, the first half of 1980, 1982, the latter half of 1990, and the beginning
of 2001 to almost the end of 2001.
Source: Federal Reserve Board/Haver Analytics.
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