Now See What Banks Are Really Doing With Your Tax Dollars

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What are banks doing with the billions upon billions of dollars they’ve taken from the taxpayer?

The St. Louis Fed has just updated its latest data on bank health and activity, and the charts paint a great picture of what’s really going on in our banking system.

The bottom line: lending is still tanking (unless you count lending to the government)

See the whole story of the banking system >

Here's the total year-over-year change in loans at commercial banks. Very ugly.

Things are even uglier when you just look at commercial and industrial loans.

And look at large commercial banks -- the ones we've spent billions to bail out.

Not surprisingly, nobody is lending in real estate.

Consumer revolving credit still in the toilet (arguably a good thing, since consumers don't need more plastic).

Consumer loans. Same deal. Down the drain.

Total revolving credit still sliding.

The securitization market: Maybe the worst is over. But there's still scant signs of a rebound.

So what ARE banks doing with all their money? Duh, buying up government securities.

And with all that money from the banks, look what the government is doing. Investing in consumer loans via Sallie Mae!

Now look at the total number of banks in the United States. It's on a steady decline.

Why? Because small banks are rapidly vanishing (it's those FDIC shutdowns you hear about every Friday)

Oh but large banks! They're already on the rebound.

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