Dallas led an increase in lending at most of the Federal Reserve District banks.
The Federal Reserve recently announced that overall lending increased at most of its 12 districts for the six-week period ending in mid-July.
Of the districts reporting on banking conditions, most attributed the loan growth to home mortgages, home equity loans, and business loans, the Fed said.
Growth reportedly ranged from slight in the Cleveland and Kansas City Districts to solid in the Dallas District.
Others that reported an improvement were the Richmond District, where "bank lending moved moderately higher as demand for residential mortgages strengthened," and Philadelphia, where "lending for residential mortgages, home equity loans, and home equity credit lines has been growing," according to the announcement.
The New York District banks reported tightened standards on residential mortgages, the Fed said. Small- and medium-sized banks within this district said there was little change in demand for residential mortgages over the six-week period.
The credit quality of the banks' loans was generally strong, according to the Fed.