Washington, July 15 - Outstanding lending among the top 21 Capital Purchase Program (CPP) recipients fell in May for the fourth consecutive month, while new originations edged up in the month.
Total average loan balances fell by $11.3 bln to $4.3 trln in May while new originations of loans among the banks rose by $3.7 bln to total $276.8 bln. tessa.moran@thomsonreuters.com /wash COPYRIGHT Copyright Thomson Financial News Limited 2009. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.