Federal Reserve releases weekly data on US commercial banks' assets and liabilities
Summary
The Federal Reserve has announced important updates regarding the assets and liabilities of commercial banks in the United States, as part of a transition to enhance user access to banking statistics. Notably, during the week of November 9, the “Build Your Package” feature in the Data Download Program (DDP) will be removed, aligning with the Federal Reserve's shift to the Federal Reserve Bank of St. Louis's FRED platform. This comes as the Federal Reserve continues to adjust its data services to provide a more streamlined experience for users accessing economic data. The latest release includes a detailed report on bank credit, showing variations in bank assets, securities, and loans over the past years, highlighting important trends in the banking sector.