Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act
| Period | Standards | Spreads |
|---|---|---|
| 1992:Q1 | 5.25 | 11.35 |
| 1992:Q2 | 0.90 | 11.65 |
| 1992:Q3 | -1.70 | 0.00 |
| 1992:Q4 | 4.35 | -3.60 |
| 1993:Q1 | 2.65 | -0.90 |
| 1993:Q2 | -7.85 | -23.65 |
| 1993:Q3 | -19.45 | -39.35 |
| 1993:Q4 | -17.75 | -55.90 |
| 1994:Q1 | -12.95 | -46.55 |
| 1994:Q2 | -12.20 | -58.30 |
| 1994:Q3 | -6.95 | -52.20 |
| 1994:Q4 | -17.40 | -46.10 |
| 1995:Q1 | -6.85 | -44.45 |
| 1995:Q2 | -5.90 | -52.10 |
| 1995:Q3 | -6.05 | -45.70 |
| 1995:Q4 | -3.45 | -33.70 |
| 1996:Q1 | 6.95 | -30.65 |
| 1996:Q2 | -0.90 | -36.10 |
| 1996:Q3 | -3.70 | -28.75 |
| 1996:Q4 | -7.80 | -34.55 |
| 1997:Q1 | -5.45 | -33.25 |
| 1997:Q2 | -6.95 | -32.45 |
| 1997:Q3 | -5.70 | -38.50 |
| 1997:Q4 | -7.00 | -40.40 |
| 1998:Q1 | 1.80 | -25.40 |
| 1998:Q2 | -7.10 | -34.00 |
| 1998:Q3 | 0.00 | -14.30 |
| 1998:Q4 | 36.40 | 47.30 |
| 1999:Q1 | 7.40 | 31.40 |
| 1999:Q2 | 10.00 | 7.10 |
| 1999:Q3 | 5.40 | 21.50 |
| 1999:Q4 | 9.10 | 23.60 |
| 2000:Q1 | 10.90 | 25.00 |
| 2000:Q2 | 24.60 | 35.20 |
| 2000:Q3 | 33.90 | 35.80 |
| 2000:Q4 | 43.80 | 54.40 |
| 2001:Q1 | 59.70 | 57.10 |
| 2001:Q2 | 50.90 | 44.40 |
| 2001:Q3 | 40.40 | 50.80 |
| 2001:Q4 | 50.90 | 58.90 |
| 2002:Q1 | 45.40 | 40.00 |
| 2002:Q2 | 25.00 | 23.70 |
| 2002:Q3 | 21.40 | 41.10 |
| 2002:Q4 | 20.00 | 29.10 |
| 2003:Q1 | 22.00 | 27.10 |
| 2003:Q2 | 8.90 | 14.60 |
| 2003:Q3 | 3.50 | -12.30 |
| 2003:Q4 | 0.00 | -13.80 |
| 2004:Q1 | -17.90 | -26.80 |
| 2004:Q2 | -23.20 | -39.30 |
| 2004:Q3 | -20.00 | -30.80 |
| 2004:Q4 | -21.10 | -50.00 |
| 2005:Q1 | -23.60 | -45.50 |
| 2005:Q2 | -24.10 | -70.40 |
| 2005:Q3 | -16.70 | -46.30 |
| 2005:Q4 | -8.80 | -45.60 |
| 2006:Q1 | -10.70 | -42.50 |
| 2006:Q2 | -12.30 | -59.70 |
| 2006:Q3 | -8.90 | -41.80 |
| 2006:Q4 | 0.00 | -29.60 |
| 2007:Q1 | 0.00 | -44.60 |
| 2007:Q2 | -3.70 | -52.80 |
| 2007:Q3 | 7.50 | -32.10 |
| 2007:Q4 | 19.20 | 34.60 |
| 2008:Q1 | 32.20 | 43.60 |
Note: The data are drawn from a survey generally conducted four times per year; the last observation is from the January 2008 survey, which covers 2007:Q4. Net percentage is the percentage of banks reporting a tightening of standards or an increase in spreads less the percentage reporting an easing or a decrease. Spreads are measured as the loan rate less the bank's cost of funds. The definition for firm size suggested for, and generally used by, survey respondents is that large and medium-sized firms have annual sales of $50 million or more.
Source: Federal Reserve Board, Senior Loan Officer Opinion Survey on Bank Lending Practices.