U.S. banks' commercial and industrial loans shrank by $1.8 billion, to about $1.220 trillion, in the week ended Nov. 24, the latest week for which data is available, the Federal Reserve said Friday.

This came after a $1.2 billion decline the previous week.

Jumbo certificates of deposit fell $17.9 billion, to about $1.751 trillion in the latest weekly data, after falling $12.4 billion the previous week.

Revolving home equity loans fell $700 million, to $584.0 billion, after declining $400 million the previous week.

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