Loan activity strengthened in June 2025, with the Total Loan Volume Index rising to 13.7 from 4.2, while loan demand also picked up.

• Commercial and CRE lending drove the rebound, though consumer and residential real estate loan volumes remained soft. Credit standards continued to tighten modestly, and nonperforming loans rose more broadly.
• Commercial real estate loan volume rose sharply (index +14.9 from -3.0), while C&I loan volume turned positive (index +3.0 from -10.5).
• Residential and consumer loan volumes remained in contraction (indexes -3.0 and -5.5, respectively), despite modest improvements.
• Credit standards remained tight across loan types, with the broad Credit Standards Index at -8.8, unchanged for C&I (-7.7) and easing slightly for CRE (-6.1 from -12.1).
• Nonperforming loan indexes increased across all segments, led by consumer loans (5.5 vs 2.9 prior) and total loans (12.5 vs 2.8).
• Six-month expectations improved: loan demand outlook rose to 20.6 (from 15.2), and general business activity outlook rose to 13.7 (from 11.2), but nonperforming loans are expected to worsen (9.7 vs 18.1).