MarketXLS

Commercial and Industrial Loans 2.959T for 

Commercial and Industrial Loans came in at 2.959T for Sep 2026, up 0.82% from 2.935T the prior month and 9.96% above its level of 2.691T one year ago. The series has averaged 771B since 1947, reaching a record high of 3.036T in May 2020 and a record low of 11.3B in January 1947.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

Embed this chart

Preview ↗

Free to use on your site, blog, or newsletter. The chart stays current automatically. The snippet includes one small visible credit line below the chart, which you can keep or remove. Click the code to copy it.

<iframe src="https://marketxls.com/embed/indicators/commercial-and-industrial-loans" width="100%" height="460" frameborder="0" title="Commercial and Industrial Loans chart"></iframe><p style="font:12px/1.4 sans-serif;margin:4px 0 0"><a href="https://marketxls.com/indicators/commercial-and-industrial-loans" rel="nofollow">Commercial and Industrial Loans chart - MarketXLS</a></p>
Cite this data: "Commercial and Industrial Loans," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/commercial-and-industrial-loans

Historical Data

⋮
⋮
September 1, 20262.959T
August 1, 20262.935T
July 1, 20262.888T
June 1, 20262.898T
May 1, 20262.886T
April 1, 20262.855T
March 1, 20262.82T
February 1, 20262.783T
January 1, 20262.736T
December 1, 20252.709T
November 1, 20252.701T
October 1, 20252.692T
September 1, 20252.691T
August 1, 20252.68T
July 1, 20252.666T
June 1, 20252.678T
May 1, 20252.671T
April 1, 20252.657T
March 1, 20252.671T
February 1, 20252.671T
⋮
⋮
November 1, 1986524B
October 1, 1986518B
September 1, 1986518B
August 1, 1986515B
July 1, 1986513B
June 1, 1986511B
May 1, 1986508B
April 1, 1986507B
March 1, 1986505B
February 1, 1986501B
January 1, 1986500B
December 1, 1985499B
November 1, 1985497B
October 1, 1985493B
September 1, 1985494B
August 1, 1985490B
July 1, 1985487B
June 1, 1985482B
May 1, 1985481B
April 1, 1985479B

About Commercial and Industrial Loans

What it measures

Commercial and Industrial Loans, All Commercial Banks (FRED series BUSLOANS) measures the outstanding stock of business loans on the balance sheets of US commercial banks, in billions of dollars, seasonally adjusted. The Federal Reserve compiles it from the weekly H.8 bank-assets release, with the monthly average version widely used. It covers direct bank lending to businesses, excluding real estate loans and bond-market borrowing.

Why it matters

C and I lending is a core artery of business credit, funding inventories, payrolls, and expansion for firms too small to tap capital markets. Its growth rate reflects both bank willingness to lend and firm appetite to borrow, making it a joint gauge of credit supply and business confidence. Sharp contractions have accompanied credit crunches and recessions, so economists monitor it as a financial-conditions and banking-stress indicator alongside the Fed loan-officer survey.

How to read it

Interpret with care: the series can spike during crises as firms defensively draw down credit lines, so rising balances do not always mean healthy demand. Steady moderate growth signals normal conditions; outright contraction usually reflects tightening standards or weak investment. Read it with the Senior Loan Officer Opinion Survey to separate supply from demand, and note that shifts toward bond financing can depress it without any credit stress.

Get Commercial and Industrial Loans in Excel

Pull Commercial and Industrial Loans directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=Loans()

View the Commercial and Industrial Loans formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Commercial and Industrial Loans?

Commercial and Industrial Loans is 2.959T as of September 2026.

What is the all-time high and low of Commercial and Industrial Loans?

The highest value on record is 3.036T (May 2020) and the lowest is 11.3B (January 1947).

How often is Commercial and Industrial Loans updated?

Commercial and Industrial Loans is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Commercial and Industrial Loans in Excel?

Use the MarketXLS Excel formula =Loans() to pull Commercial and Industrial Loans directly into any cell, with historical values available for analysis.

Basic info
Commercial and industrial loans taken .
RegionUnited States
FrequencyMonthly
Last updatedOctober 9, 2026
Seasonal adjustmentSeasonally Adjusted
UnitBillions of U.S. Dollars

Stats
Last Value2.959T
Latest PeriodSep 2026
Last UpdatedOctober 9 2026, 03:20
Value Previous Month2.935T
Change From Previous Month0.82%
Value 1 Year Ago2.691T
Change From Year Ago9.96%
Average Growth Rate7.24%/yr
Record High (May 2020)3.036T
Record Low (Jan 1947)11.3B
Long-Term Average771B
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitBillions of U.S. Dollars

Annual Averages
20262.862T
20252.68T
20242.765T
20232.773T
20222.658T
20212.495T
20202.709T
20192.348T
20182.195T
20172.086T
20162.045T
20151.88T

Related Indicators
Industrial Production: Total Index
Capacity Utilization: Total Index
Total Business Inventories
Advance Real Retail and Food Services Sales
US Light Vehicle Sales
Durable Goods Orders
Core Capital Goods Orders
Total Consumer Credit
Corporate Profits After Tax
Housing Starts
Building Permits
Housing Units Under Construction
<< PREVIOUS INDICATOR
NEXT INDICATOR>>