Some U.S. banks are promising to use the money they're getting from the government's bailout program for new loans.

Still, some banks had said they didn't plan to use the money for loans that quickly. Several executive say it's too soon to start making loans since most banks haven't yet pocketed the bailout funds.

"We need to invest and lend to our customers and communities. The industry is ready and more than able to do that, but nobody can lend $25 billion in two days or two weeks," John R. Koelmel, CEO of First Niagara Financial Group Inc., told the Wall Street Journal. "It's going to take time."

Now some in Congress are questioning the effectiveness of the rescue program, the Journal reports.

With political pressure from Congress rising, some banks now say they'll start making loans as soon as they can.

However, some banks say they're making the loans because it's the right thing to do, not because of any pressure from Washington.

Sources: The Wall Street Journal, CBN News