The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency – announced today the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the Community Reinvestment Act (CRA).
According to the report, The proportion of small business loans extended to smaller firms in 2011 (45 percent measured by number of loans) increased about 10 percentage points or about 27 percent from 2010, although the dollar amount of these loans increased much less, only about 1.0 percentage point or about 2 percent. Lending to small firms peaked in 1999 at 60 percent, but then began to decline steadily. The 10 percent increase from 2010 to 2011 is the first notable rebound from that steady decline.
An FFIEC disclosure statement on the reported 2011 CRA data, in electronic form, is available for each reporting commercial bank and savings association. The FFIEC also has prepared aggregate disclosure statements of small business and small farm lending for all of the metropolitan statistical areas and non-metropolitan counties in the United States and its territories.
See the full report here.