Rates & Fed · August 10, 2026 · 2 min read

Federal Reserve H.8 Data Showed 4.7% Annual-Rate Bank-Credit Growth in June

Published August 10, 2026 • Updated August 21, 2026

The Federal Reserve’s H.8 release reported that commercial-bank credit rose at a 4.7% simple annual rate in June, following a 5.5% rate in May.

CONFIRMED FACTS The Federal Reserve Board’s August 7 H.8 release reported that commercial-bank credit increased at a 4.7 percent simple annual rate in June 2026, after a 5.5 percent rate in May. The release’s second-quarter figure for bank credit was a 6.3 percent annual rate. Within bank credit, loans and leases increased at a 5.3 percent annual rate in June, while securities in bank credit increased at a 3.3 percent annual rate. Commercial and industrial loans increased at a 3.7 percent annual rate, and consumer loans increased at a 2.5 percent annual rate. The H.8 release describes these as percent changes at a simple annual rate and states that the figures are adjusted to remove specified nonbank-structure activity and certain consolidation effects. ANALYSIS The H.8 release separates bank-credit growth from its loan, lease, and securities components. The June annualized rates summarize changes in the Federal Reserve’s aggregate commercial-bank series; they are not measures of household borrowing costs, bank profitability, or future monetary-policy decisions. UNKNOWNS AND LIMITS These aggregate series do not establish the causes of month-to-month changes, lending standards, borrower-level repayment capacity, credit availability for a particular business or household, or a durable trend. Annualized monthly rates can differ materially from longer-period rates, and later data revisions or classification changes can affect interpretation. UPDATE LOG Approved for the August 10, 2026 recovery publication after direct review of the Federal Reserve Board’s H.8 release dated August 7, 2026. Primary-source pages accessed August 10, 2026.

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Sources

Federal Reserve Board — Assets and Liabilities of Commercial Banks in the United States (H.8), August 7, 2026 — Primary release supporting the June and second-quarter annual-rate figures for bank credit, loans and leases, securities, commercial and industrial loans, and consumer loans.
Federal Reserve Board — H.8 Notes on Data — Primary methodological notes supporting the H.8 series scope and adjustment limitations.

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