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.