Senior Loan Officer Survey: Credit Conditions Still Tightening

Posted To: MND NewsWire

Results of the October Senior Loan Officer Opinion Survey on Bank Lending Practices released yesterday by the Board of Governors of the Federal Reserve focuses on three current issues; the status of credit for commercial real estate (CRE) loans and commercial and industrial (C&I) loans and the pending implementation of the Credit Card Accountability Responsibility and Disclosure (Credit CARD) Act. The survey report, based on responses from 57 domestic banks and 23 U.S. branches and agencies of foreign banks, addresses changes in the supply and demand of loans to businesses and households over the last three months. Included in the October survey, however, were three special questions. Banks were asked about the reasons for the apparent decline in C&I loans over the first eight months…(read more)

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