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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: kris b who wrote (70168)	9/23/2006 11:02:16 AM
From: jimmg	Read Replies (1) \| Respond to of 110194

Huge drops in money supply and bank credit last week according to Noland: Bank Credit dropped $44.9 billion last week to $8.014 TN. Year-to-date, Bank Credit has expanded $508 billion, or 9.5% annualized. Bank Credit inflated $631 billion, or 8.5%, over 52 weeks. For the week, Securities Credit sank $19 billion. Loans & Leases dropped $25.9 billion during the week and were up $345 billion y-t-d (8.9% annualized). Commercial & Industrial (C&I) Loans have expanded at a 15.2% rate y-t-d and 13.9% over the past year. For the week, C&I loans declined $4.3 billion, and Real Estate loans dropped $11.3 billion. Real Estate loans have expanded at a 9.7% rate y-t-d and were up 10.2% during the past 52 weeks. For the week, Consumer loans fell $5.4 billion, while Securities loans gained $3.6 billion. Other loans were down $8.4 billion. On the liability side, (previous M3 component) Large Time Deposits increased $6.7 billion. M2 (narrow) “money” supply dropped $32 billion to $6.868 TN (week of September 11th)