1. More Money is Pulled from
Small Business Lending
 Since May the 22 banks that got the most help from the Treasury´s bailout cut
their total lending by 4.6% - Political Pressure by the Obama Administration obviously
hasn´t helped a lot
The biggest US banks cut their collective small business
% change
lending balance by another one billion dollars in November
10
2.8 2.3
0.7
0 -3.7
-4.4 -6.2 -6.5 -7.6
-10.4
-10 -14
-20 Small Business Loan Balance Seven months to November Source: US Treasury
SME 73.4 41.3 25.1 14.7 13.9 12.6 12.0 11.5 10.8 10.4
Loan
Balance
Bank Wells Bank of JP Morgan American Regions U.S. BB&T PNC Capital Citigroup
Fargo America Chase Express Bancorp One
You can buy me for reprint at www.markusgaertner.com Jan. 19, 2010
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