CHARLOTTESVILLE, Va. – Deposits grew faster than loans at U.S. banks and thrifts during the third quarter of 2012.

That’s according to data from SNL Financial that showed aggregate loans among commercial banks, savings banks and savings institutions grew by only 0.86% to $7.58 trillion during the quarter ended Sept. 30. Aggregate deposits rose by 1.76% to $10.50 trillion during the same period. By contrast, CU loan-to-share ratio rose slightly to 68.7% in October, but is down over the past year, according to CUNA Mutual’s latest Trends Report.

The banks’ slower growth in loans widened the gap between aggregate loans and deposits to $2.93 trillion from $2.81 trillion one quarter ago. The ratio of loans to deposits has been steadily heading downward in recent years, reaching its lowest level over the last 19 quarters, reported SNL. The aggregate loan-to-deposit ratio was 72.14% at Sept. 30, down by 64 basis points and 126 basis points on a quarter-over-quarter and year-over-year basis, respectively.


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