New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Pennsylvania
Seasonally Adjusted
PABP1FHSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,270.93
Year-over-Year Change
-8.90%
Date Range
1/1/1988 - 6/1/2025
Summary
The 'Seasonally Adjusted' economic trend measures the seasonally adjusted personal and business loans for commercial banks. This data is closely tracked by economists and policymakers to assess the state of business and consumer lending.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Seasonally Adjusted' series provides a seasonally adjusted version of the total loans and leases in bank credit for commercial banks in the United States. Seasonal adjustment helps isolate the underlying economic trends by removing predictable, calendar-related fluctuations.
Methodology
The data is collected and seasonally adjusted by the U.S. Federal Reserve.
Historical Context
Analysts and policymakers use this series to monitor credit conditions and the flow of lending in the economy.
Key Facts
- Commercial bank loans totaled $10.7 trillion in 2022.
- Lending grew 3.2% year-over-year in Q3 2022.
- The series has been published monthly since 1973.
FAQs
Q: What does this economic trend measure?
A: The 'Seasonally Adjusted' series measures the total loans and leases held by commercial banks in the United States, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the overall availability of credit and lending activity in the economy, which is a key driver of business investment and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks by the U.S. Federal Reserve and seasonally adjusted to remove predictable calendar-related fluctuations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this series to assess the flow of credit and overall financial conditions, which informs decisions on monetary policy and regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 6 weeks. There are no major known limitations to the accuracy or coverage of this series.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (PABP1FHSA), retrieved from FRED.