Commercial and industrial loans outstanding jumped 14 percent to $1.45 trillion in July, the latest month for which figures are available, from a year earlier on a seasonally adjusted basis, according to the Federal Reserve, the Wall Street Journal reported today. The growth rate is twice as fast as gains in overall bank credit. Fed data show that nonreal-estate loans to businesses are up by double-digit percentages compared with a year earlier for four quarters in a row.
