U.S. banks have steadily increased their lending to nondepository financial institutions, such as mortgage companies and insurers. The annualized growth rate in banking lending to NDFIs has averaged about 26% per year since 2012 ow.ly/IEYB50WkBJ9
ALT A pie chart breaks down U.S. bank loans to NDFIs by type of intermediary: mortgage intermediaries, 23%; private credit intermediaries, 23%; business intermediaries, 21%; consumer intermediaries, 9%; and other NDFIs, 24%.