Loans and Leases reach their lowest point in the last 10 years

Loans and leases for commercial domestic banks reached $32,637.5 million in 2021, their lowest point in the last decade. Loans and leases for commercial domestic banks have been declining on a yearly basis for most of the past decade, this pattern continued during 2021.  Loans and leases decreased by $1,827.4 million   or 5.3% in 2021 when compared to 2020.  However, when compared to 2019 the decrease in loans and leases was not so steep. When compared to 2019 loans and leases decreased by $933.6 million or 2.8%.