Go to the Federal Reserve Board’s website at www.federalreserve.gov and update the data in Table 10-2 using the following steps. Click on “Data.” Click on “Assets and Liabilities of Commercial Banks in the U.S.” This will bring up on your computer the files that contain individual loan category balances. How have the number and dollar value of assets held by commercial banks changed since 2021?

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TABLE 10-2 Types of Real Estate Loans at U.S. Commercial Banks Source: Federal Reserve Board, Assets and Liabilities of Commercial Banks, September 2021. www.federalreserve.gov Real estate loans Residential real estate loans Amount Percent $4,704.9 100.0% 2,226.9 47.3 Revolving home equity loans 253.9 5.4 Closed-end residential loans* 1,973.0 41.9 Commercial real estate loans 2,478.0 52.7 Construction and land development loans 384.2 8.2 Secured by farmland 101.3 2.2 Secured by multifamily properties 435.7 9.3 Secured by nonfarm nonresidential properties 1,556.7 33.1