Credit & debt · BUSLOANS
Business loans (C&I)
As of Sep 2026, the business loans (C&I) had risen 10.0% from a year earlier, compared with a 12-month change of 9.5% in Aug 2026. The latest value was $2.96T.
Source: Board of Governors of the Federal Reserve System via FRED®. Monthly data, seasonally adjusted. Latest observation Sep 2026; snapshot taken Oct 27, 2026, 2:15 AM EDT.
Latest (Sep 2026)
$2.96T
Change from Aug 2026
+0.8%
A year earlier
$2.69T
12-month change
+10.0%
$2.96T Sep 2026 · Billions of U.S. dollars
Billions of U.S. dollars. Data from Jan 1947 to Sep 2026 (957 observations).
What it measures
Commercial and industrial loans are bank loans to businesses for operations and equipment, excluding real estate. They jumped in 2020 when firms drew on credit lines and then fell as they repaid.
- Official title
- Commercial and Industrial Loans, All Commercial Banks
- Units
- Billions of U.S. dollars
- Frequency and adjustment
- Monthly, seasonally adjusted
- Original source
- Board of Governors of the Federal Reserve System
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| Date | Value | Change | From a year ago |
|---|---|---|---|
| Sep 2026 | $2.96T | +0.8% | +10.0% |
| Aug 2026 | $2.93T | +1.6% | +9.5% |
| Jul 2026 | $2.89T | -0.3% | +8.3% |
| Jun 2026 | $2.90T | +0.4% | +8.2% |
| May 2026 | $2.89T | +1.1% | +8.0% |
| Apr 2026 | $2.86T | +1.3% | +7.5% |
| Mar 2026 | $2.82T | +1.3% | +5.6% |
| Feb 2026 | $2.78T | +1.7% | +4.2% |
| Jan 2026 | $2.74T | +1.0% | +2.5% |
| Dec 2025 | $2.71T | +0.3% | -2.3% |
| Nov 2025 | $2.70T | +0.3% | -3.3% |
| Oct 2025 | $2.69T | +0.0% | -3.4% |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- Board of Governors of the Federal Reserve System, Commercial and Industrial Loans, All Commercial Banks [BUSLOANS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BUSLOANS, Oct 27, 2026.
- View BUSLOANS on FRED® · Board of Governors of the Federal Reserve System
FRED® is a registered trademark of the Federal Reserve Bank of St. Louis. Neither the Federal Reserve Bank of St. Louis nor Board of Governors of the Federal Reserve System endorses OpenEcon.