Treasury: lending by bailout banks fell in April - KWWL - Eastern Iowa Breaking News, Weather, Closings

Treasury: lending by bailout banks fell in April

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WASHINGTON (AP) -- The Treasury Department says the value of loans held by the 21 largest institutions getting federal bailout support fell in April, the fifth decline in six months.

The department's monthly report of lending activity says that average loan balances at the 21 institutions totaled $4.34 trillion in April, down 0.8 percent from March.

Treasury has been issuing reports to track lending activity at banks that received capital from the $700 billion bailout fund. While activity has fallen in five of the past six months, the administration says the declines would have been even more severe without the government support

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