Stock exchange news. US Treasury has published a report about Small Business Lending Fund (SBLF) program for the 4th quarter of 2011. Lending has risen for over a third in comparison to the 3rd quarter and has amounted to 4.8 bln. dollars.
On average, banks taking part in the program have expanded the volume of disbursed loans by 21.5%; such positive dynamics is observed all over the country.
Since small business plays the central role in creating new jobs and US economy as a whole, the Administration underlines that it will keep creating favourable conditions for small entrepreneurs.
According to the Analytics Team of Commodity Trading Department of , more up to date picture of US economy may be received from the recent report on current economic conditions.
Generally moderate development is currently observed. Industry, despite slower rate of growth that followed a rapid start in 2001, is characterized by growth in automobile and high-tech sectors. In this reference, employers keep discussing problems of hiring highly-qualified staff. Conditions in agricultural sphere are rather favourable; mining is developing but recovery of natural gas remained unchanged.
During yesterday’s 10-year auction primary dealers expressed little interest to such type of bonds. At the same time, Federal Reserve shares have considerably increased and amounted to 3.8 bln. dollars in order to provide support in the condition of declining interest to treasuries.
