3,882
edits
Senior Loan Officer Survey: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| Line 7: | Line 7: | ||
Some sectors tightening is now close to 2020/2008 levels. This is especially true foe commercial and industrial loans, one of the most important categories for the economy. Hpwever increase during the quarter was still somewhat small, which could leave room for further tightening ahead.<ref>https://www.federalreserve.gov/data/documents/sloos-202304-fullreport.pdf</ref> | Some sectors tightening is now close to 2020/2008 levels. This is especially true foe commercial and industrial loans, one of the most important categories for the economy. Hpwever increase during the quarter was still somewhat small, which could leave room for further tightening ahead.<ref>https://www.federalreserve.gov/data/documents/sloos-202304-fullreport.pdf</ref> | ||
* Regarding loans to businesses, survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans. | |||
* Banks also reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories. | |||
* Standards tightened for all consumer loan categories; demand weakened for auto and other consumer loans, while it remained basically unchanged for credit cards. | |||
* About reasons for changing standards on all loan categories in the first quarter, banks cited a less favorable or more uncertain economic outlook, reduced tolerance for risk, deterioration in collateral values, and concerns about banks’ funding costs and liquidity positions | |||
* About banks’ outlook for lending standards over the remainder of 2023, banks reported expecting to tighten standards across all loan categories. Banks most frequently cited an expected deterioration in the credit quality of their loan portfolios and in customers’ collateral values, a reduction in risk tolerance, and concerns about bank funding costs, bank liquidity position, and deposit outflows | |||
== References == | |||
* | * | ||