The federal bank regulatory agencies, as members of FFIEC, released data on small business, small farm, and community development lending during 2024. CRA regulations require the agencies to annually disclose this data. The data collected showed 731 reporting lenders in 2024. The lenders made 9.1 million small-business loans totaling approximately $276 billion. This was an 8.1% increase in number of loans and 6.2% increase in dollar amount over 2023. This episode reviewed a report from the OCC titled “Findings from analysis of nationwide statistics for 2024 Community Reinvestment Act data fact sheet.” Links to the press release and report are included below.
Link: Fact Sheet - 2024 Small Business, Small Farm, and Community Development Lending Data
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