Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Home > News & Events > Press Releases

Press Releases


PR-20-2002 (02/21/2002)
Media Contact:
David Barr (202) 898-6992

Business credit is more available in this recession than in previous recessions over the past 30 years, according to the Federal Deposit Insurance Corporation (FDIC). Unlike the experience in three past recessions, total commercial credit continued to expand throughout 2001, despite a decline in commercial and industrial (C&I) loans held by commercial banks. A generally lower cost of capital, structural changes in banking and the financial markets, and a different regulatory landscape have contributed to the current trend, the FDIC noted in its publication, Bank Trends.

The report's findings are summarized in FYI, an e-mail bulletin covering FDIC analysis of emerging issues in banking and the economy. Both FYI and Bank Trends are available on the FDIC web site at, where those interested in receiving each issue electronically may subscribe. A copy of FYI is attached.

Attachment: February 21, 2002, FYI

# # #

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,747 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).

Last Updated 02/21/2002

Skip Footer back to content