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Large Banks Cut Rates, Boost Farm Lending
Agricultural banks posted solid profits in the second quarter as improved repayment rates trimmed farm loan delinquencies. Lower delinquency rates on non-real estate loans and steady delinquency rates on real estate loans helped strengthen bank profits. Moreover, a decline in the volume of farm loan...
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description | Agricultural banks posted solid profits in the second quarter as improved repayment rates trimmed farm loan delinquencies. Lower delinquency rates on non-real estate loans and steady delinquency rates on real estate loans helped strengthen bank profits. Moreover, a decline in the volume of farm loans 30-90 days past due suggests that additional declines in farm loan delinquency rates may be forthcoming. |
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source | Nexis UK; Business Source Ultimate |
subjects | Delinquency Farm loans Federal Reserve monetary policy Interest rates |
title | Large Banks Cut Rates, Boost Farm Lending |
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