The Presidential Daily Brief

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  1. U.S. Banks Increase Lending to Pre-Crash Levels

    U.S. bank lending was stronger in the second quarter than at any time since lenders pulled the global economy into a nose-dive in 2008. Banks’ loan and lease balances rose to $8.11 trillion, representing a 2.3 percent increase over the last quarter. While exciting for those looking for loans, the improvement was in part achieved through cutting financial sector jobs and cash reserves. Banks say no worries; they have fewer risky loans on the books and thus less need for safety nets.

    WSJ (sub), Reuters

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