U.S. Banks Hoard Cash Amid Slow Loan Growth In Q1

  • Bigger US bank balance sheets did not translate to strong loan growth in the first quarter as the industry took a cautious approach to deploying fresh assets. Total assets on an aggregate basis for US commercial banks, savings banks, and savings and loan associations, excluding nondepository trusts and companies with a foreign banking organization charter, were $24.538 trillion as of March 31.