1609 ET - Fed governor Lisa Cook said the category of loans showing bank lending commitments to non bank financial institutions have been growing quite rapidly and "much faster" than overall lending to nonfinancial businesses in a speech on financial stability. During the past decade, she discussed how large bank credit commitments to nonbank financial institutions have grown at an annualized rate of about 9%, roughly three times the pace of commercial and industrial lending. By observing these trends she said it provides the Fed deeper insights into the evolution of private credit and other important sectors, helping them better understand how stress in one area might affect other parts of the financial system. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
March 26, 2026 16:09 ET (20:09 GMT)
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