Competition for commercial and industrial loans remains fierce throughout the country, the Federal Reserve said Wednesday.

Federal Reserve banks in Philadelphia, Cleveland, Richmond, Va., Dallas, and San Francisco said lenders were battling for business loans, according to the Beige Book, the Fed's periodic review of the economy.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.