The Bank Credit "Crumble" - FEDERAL RESERVE BANK of NEW YORK

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Quarterly Review

The Bank Credit "Crumble"

Summer 1991Volume 16, Number 2

Author: Ronald Johnson

The role played by cutbacks in commercial loan supply in the U.S. economic downturn in 1990 remains controversial. This article investigates the importance of the credit "crumble" and bank capital shortfalls in the contraction of the commercial loan supply in 1990. The author explores the link between the strength of bank balance sheets and the recent slowdown in commercial and industrial loans to U.S. companies.

PDF full article PDF

12 pages / 990 kb

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