Bank loans are up, but companies aren't spending

AP News
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Posted: Mar 22, 2012 2:10 PM
Bank loans are up, but companies aren't spending

At JPMorgan Chase, the nation's largest bank as measured by assets, CEO Jamie Dimon says business customers are taking out more loans, but most of it is lines of credit, and businesses are stockpiling money.

Loans to companies by JPMorgan, including traditional loans and lines of credit, have grown over the past few years ...

_ Last three months of 2009: $35 billion.

_ Last three months of 2010: $36 billion.

_ Last three months of 2011: $44 billion.

... but deposits by business customers have grown to record levels:

_ End of 2009: $123 billion.

_ End of 2010: $148 billion.

_ End of 2011: $200 billion.

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Source: Bank financial statements.