Total Bank Credit

Below is the “net change w/w” in the total outstanding bank credit for all commercial banks in the US.  When the black line drops below 0, that means a decline in the amount of credit vs the previous week.
TOTBKCR is the most frequently updated bank credit timeseries, and has a 2 week reporting delay.  Note: I ran TOTBKCR through a 4-point MA, since otherwise it is ridiculously choppy.
Reminder: bank credit is a decent-sized chunk of the US credit impulse.  It is “private money printing.”  The rest involves bonds, both corporate and governmental.

Here’s the table from FRED on TOTBKCR.  Short answer: “total credit, all commercial banks.”  It does seem to be everything on the bank balance sheet.

https://fred.stlouisfed.org/release/tables?rid=22&eid=4828&snid=4839

My guess is, securitized loans aren’t included if they aren’t owned by banks, but I’m not 100% sure on that.Some other series which includes securitized loans (but isn’t weekly):

Something wicked this way comes...