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Senior Loan Officer Opinion Survey on Bank Lending Practices
April 2013

Survey | Full report (PDF)
Table 1 | Table 2 | Chart data
Table 1 (PDF) | Table 2 (PDF) | Charts (PDF)

Table 1

Senior Loan Officer Opinion Survey on Bank Lending Practices
at Selected Large Banks in the United States 1

(Status of policy as of April 2013)

Questions 1-6 ask about commercial and industrial (C&I) loans at your bank. Questions 1-3 deal with changes in your bank's lending policies over the past three months. Questions 4-5 deal with changes in demand for C&I loans over the past three months. Question 6 asks about changes in prospective demand for C&I loans at your bank, as indicated by the volume of recent inquiries about the availability of new credit lines or increases in existing lines. If your bank's lending policies have not changed over the past three months, please report them as unchanged even if the policies are either restrictive or accommodative relative to longer-term norms. If your bank's policies have tightened or eased over the past three months, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing policies as changes in policies.

1. Over the past three months, how have your bank's credit standards for approving applications for C&I loans or credit lines—other than those to be used to finance mergers and acquisitions—to large and middle-market firms and to small firms changed? (If your bank defines firm size differently from the categories suggested below, please use your definitions and indicate what they are.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 55 80.9 30 81.1 25 80.6
Eased somewhat 13 19.1 7 18.9 6 19.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 37 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 50 76.9 27 79.4 23 74.2
Eased somewhat 15 23.1 7 20.6 8 25.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100.0 34 100.0 31 100.0

2. For applications for C&I loans or credit lines—other than those to be used to finance mergers and acquisitions—from large and middle-market firms and from small firms that your bank currently is willing to approve, how have the terms of those loans changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 1 2.7 0 0.0
Remained basically unchanged 56 82.4 28 75.7 28 90.3
Eased somewhat 11 16.2 8 21.6 3 9.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 37 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 57 83.8 32 86.5 25 80.6
Eased somewhat 10 14.7 4 10.8 6 19.4
Eased considerably 1 1.5 1 2.7 0 0.0
Total 68 100.0 37 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 44 64.7 23 62.2 21 67.7
Eased somewhat 23 33.8 14 37.8 9 29.0
Eased considerably 1 1.5 0 0.0 1 3.2
Total 68 100.0 37 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 0 0.0 1 3.2
Remained basically unchanged 23 33.8 13 35.1 10 32.3
Eased somewhat 42 61.8 22 59.5 20 64.5
Eased considerably 2 2.9 2 5.4 0 0.0
Total 68 100.0 37 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.9 0 0.0 2 6.5
Remained basically unchanged 51 75.0 23 62.2 28 90.3
Eased somewhat 14 20.6 13 35.1 1 3.2
Eased considerably 1 1.5 1 2.7 0 0.0
Total 68 100.0 37 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 0 0.0 1 3.2
Remained basically unchanged 45 66.2 19 51.4 26 83.9
Eased somewhat 22 32.4 18 48.6 4 12.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 37 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 65 95.6 35 94.6 30 96.8
Eased somewhat 3 4.4 2 5.4 1 3.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 37 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 0 0.0 1 3.3
Remained basically unchanged 39 59.1 25 69.4 14 46.7
Eased somewhat 19 28.8 10 27.8 9 30.0
Eased considerably 7 10.6 1 2.8 6 20.0
Total 66 100.0 36 100.0 30 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 58 90.6 30 90.9 28 90.3
Eased somewhat 6 9.4 3 9.1 3 9.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 33 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 50 78.1 24 72.7 26 83.9
Eased somewhat 13 20.3 8 24.2 5 16.1
Eased considerably 1 1.6 1 3.0 0 0.0
Total 64 100.0 33 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 46 71.9 25 75.8 21 67.7
Eased somewhat 18 28.1 8 24.2 10 32.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 33 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 0 0.0 1 3.2
Remained basically unchanged 25 39.1 14 42.4 11 35.5
Eased somewhat 36 56.3 17 51.5 19 61.3
Eased considerably 2 3.1 2 6.1 0 0.0
Total 64 100.0 33 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 0 0.0 2 6.5
Remained basically unchanged 52 81.3 25 75.8 27 87.1
Eased somewhat 10 15.6 8 24.2 2 6.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 33 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 0 0.0 1 3.2
Remained basically unchanged 53 82.8 25 75.8 28 90.3
Eased somewhat 9 14.1 7 21.2 2 6.5
Eased considerably 1 1.6 1 3.0 0 0.0
Total 64 100.0 33 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 61 95.3 31 93.9 30 96.8
Eased somewhat 3 4.7 2 6.1 1 3.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 33 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 0 0.0 1 3.3
Remained basically unchanged 38 61.3 24 75.0 14 46.7
Eased somewhat 16 25.8 7 21.9 9 30.0
Eased considerably 7 11.3 1 3.1 6 20.0
Total 62 100.0 32 100.0 30 100.0

3. If your bank has tightened or eased its credit standards or its terms for C&I loans or credit lines over the past three months (as described in questions 1 and 2), how important have been the following possible reasons for the change?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 100.0 0 -- 2 100.0
Somewhat important 0 0.0 0 -- 0 0.0
Very important 0 0.0 0 -- 0 0.0
Total 2 100.0 0 -- 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 50.0 0 -- 1 50.0
Somewhat important 0 0.0 0 -- 0 0.0
Very important 1 50.0 0 -- 1 50.0
Total 2 100.0 0 -- 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 50.0 0 -- 1 50.0
Somewhat important 1 50.0 0 -- 1 50.0
Very important 0 0.0 0 -- 0 0.0
Total 2 100.0 0 -- 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 100.0 0 -- 2 100.0
Somewhat important 0 0.0 0 -- 0 0.0
Very important 0 0.0 0 -- 0 0.0
Total 2 100.0 0 -- 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 50.0 0 -- 1 50.0
Somewhat important 1 50.0 0 -- 1 50.0
Very important 0 0.0 0 -- 0 0.0
Total 2 100.0 0 -- 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 100.0 0 -- 2 100.0
Somewhat important 0 0.0 0 -- 0 0.0
Very important 0 0.0 0 -- 0 0.0
Total 2 100.0 0 -- 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 100.0 0 -- 2 100.0
Somewhat important 0 0.0 0 -- 0 0.0
Very important 0 0.0 0 -- 0 0.0
Total 2 100.0 0 -- 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 50.0 0 -- 1 50.0
Somewhat important 0 0.0 0 -- 0 0.0
Very important 1 50.0 0 -- 1 50.0
Total 2 100.0 0 -- 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 43 91.5 24 88.9 19 95.0
Somewhat important 4 8.5 3 11.1 1 5.0
Very important 0 0.0 0 0.0 0 0.0
Total 47 100.0 27 100.0 20 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 30 62.5 19 67.9 11 55.0
Somewhat important 15 31.3 9 32.1 6 30.0
Very important 3 6.3 0 0.0 3 15.0
Total 48 100.0 28 100.0 20 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 41 85.4 26 92.9 15 75.0
Somewhat important 6 12.5 2 7.1 4 20.0
Very important 1 2.1 0 0.0 1 5.0
Total 48 100.0 28 100.0 20 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 2.0 1 3.4 0 0.0
Somewhat important 21 42.0 9 31.0 12 57.1
Very important 28 56.0 19 65.5 9 42.9
Total 50 100.0 29 100.0 21 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 38 80.9 21 77.8 17 85.0
Somewhat important 8 17.0 6 22.2 2 10.0
Very important 1 2.1 0 0.0 1 5.0
Total 47 100.0 27 100.0 20 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 39 83.0 21 77.8 18 90.0
Somewhat important 7 14.9 5 18.5 2 10.0
Very important 1 2.1 1 3.7 0 0.0
Total 47 100.0 27 100.0 20 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 41 89.1 25 96.2 16 80.0
Somewhat important 3 6.5 1 3.8 2 10.0
Very important 2 4.3 0 0.0 2 10.0
Total 46 100.0 26 100.0 20 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 45 93.8 26 92.9 19 95.0
Somewhat important 2 4.2 1 3.6 1 5.0
Very important 1 2.1 1 3.6 0 0.0
Total 48 100.0 28 100.0 20 100.0

4. Apart from normal seasonal variation, how has demand for C&I loans changed over the past three months? (Please consider only funds actually disbursed as opposed to requests for new or increased lines of credit.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 16 23.5 5 13.5 11 35.5
About the same 40 58.8 20 54.1 20 64.5
Moderately weaker 11 16.2 11 29.7 0 0.0
Substantially weaker 1 1.5 1 2.7 0 0.0
Total 68 100.0 37 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 14 21.5 2 5.9 12 38.7
About the same 42 64.6 24 70.6 18 58.1
Moderately weaker 9 13.8 8 23.5 1 3.2
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 65 100.0 34 100.0 31 100.0

5. If demand for C&I loans has strengthened or weakened over the past three months (as described in question 4), how important have been the following possible reasons for the change?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 27.8 3 50.0 2 16.7
Somewhat important 13 72.2 3 50.0 10 83.3
Very important 0 0.0 0 0.0 0 0.0
Total 18 100.0 6 100.0 12 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 16.7 1 16.7 2 16.7
Somewhat important 14 77.8 5 83.3 9 75.0
Very important 1 5.6 0 0.0 1 8.3
Total 18 100.0 6 100.0 12 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 11.1 1 16.7 1 8.3
Somewhat important 16 88.9 5 83.3 11 91.7
Very important 0 0.0 0 0.0 0 0.0
Total 18 100.0 6 100.0 12 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 76.5 4 66.7 9 81.8
Somewhat important 3 17.6 2 33.3 1 9.1
Very important 1 5.9 0 0.0 1 9.1
Total 17 100.0 6 100.0 11 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 52.9 3 50.0 6 54.5
Somewhat important 8 47.1 3 50.0 5 45.5
Very important 0 0.0 0 0.0 0 0.0
Total 17 100.0 6 100.0 11 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 52.9 4 66.7 5 45.5
Somewhat important 6 35.3 1 16.7 5 45.5
Very important 2 11.8 1 16.7 1 9.1
Total 17 100.0 6 100.0 11 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 88.2 5 83.3 10 90.9
Somewhat important 2 11.8 1 16.7 1 9.1
Very important 0 0.0 0 0.0 0 0.0
Total 17 100.0 6 100.0 11 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 93.8 5 100.0 10 90.9
Somewhat important 1 6.3 0 0.0 1 9.1
Very important 0 0.0 0 0.0 0 0.0
Total 16 100.0 5 100.0 11 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 38.5 4 33.3 1 100.0
Somewhat important 7 53.8 7 58.3 0 0.0
Very important 1 7.7 1 8.3 0 0.0
Total 13 100.0 12 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 38.5 4 33.3 1 100.0
Somewhat important 7 53.8 7 58.3 0 0.0
Very important 1 7.7 1 8.3 0 0.0
Total 13 100.0 12 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 30.8 4 33.3 0 0.0
Somewhat important 7 53.8 6 50.0 1 100.0
Very important 2 15.4 2 16.7 0 0.0
Total 13 100.0 12 100.0 1 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 46.2 5 41.7 1 100.0
Somewhat important 5 38.5 5 41.7 0 0.0
Very important 2 15.4 2 16.7 0 0.0
Total 13 100.0 12 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 46.2 5 41.7 1 100.0
Somewhat important 3 23.1 3 25.0 0 0.0
Very important 4 30.8 4 33.3 0 0.0
Total 13 100.0 12 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 46.2 6 50.0 0 0.0
Somewhat important 6 46.2 5 41.7 1 100.0
Very important 1 7.7 1 8.3 0 0.0
Total 13 100.0 12 100.0 1 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 10 76.9 9 75.0 1 100.0
Somewhat important 3 23.1 3 25.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 13 100.0 12 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 92.3 11 91.7 1 100.0
Somewhat important 1 7.7 1 8.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 13 100.0 12 100.0 1 100.0

6. At your bank, apart from seasonal variation, how has the number of inquiries from potential business borrowers regarding the availability and terms of new credit lines or increases in existing lines changed over the past three months? (Please consider only inquiries for additional or increased C&I lines as opposed to the refinancing of existing loans.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
The number of inquiries has increased substantially 0 0.0 0 0.0 0 0.0
The number of inquiries has increased moderately 16 23.9 4 10.8 12 40.0
The number of inquiries has stayed about the same 39 58.2 22 59.5 17 56.7
The number of inquiries has decreased moderately 12 17.9 11 29.7 1 3.3
The number of inquiries has decreased substantially 0 0.0 0 0.0 0 0.0
Total 67 100.0 37 100.0 30 100.0

The ongoing fiscal and financial strains in Europe may have affected lending conditions and funding options for banks headquartered in Europe and their affiliates and subsidiaries. Question 7 addresses changes in your bank's lending policies toward these banking organizations over the past three months. Question 8 addresses changes in these organizations' demand for funding from U.S. banks. Question 9 asks about changes in business at your bank as a result of increased or decreased competition from European banks and their affiliates and subsidiaries.

In answering these questions, please consider banks headquartered in Europe and affiliates and subsidiaries of European banks regardless of the location of those affiliates and subsidiaries.

7. Over the past three months, how have your bank's credit standards and terms for approving applications for loans or credit lines to banks headquartered in Europe and their affiliates and subsidiaries (as described in the introduction to these special questions) changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 .
Tightened somewhat 0 0.0 0 0.0 0 .
Remained basically unchanged 20 100.0 20 100.0 0 .
Eased somewhat 0 0.0 0 0.0 0 .
Eased considerably 0 0.0 0 0.0 0 .
Total 20 100.0 20 100.0 0 .

8. Over the past three months and apart from normal seasonal variation, how has demand for loans at your bank from banks headquartered in Europe and their affiliates and subsidiaries (as described in the introduction to these special questions) changed? (Please consider only funds actually disbursed as opposed to requests for new or increased lines of credit.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 .
Moderately stronger 1 5.0 1 5.0 0 .
About the same 19 95.0 19 95.0 0 .
Moderately weaker 0 0.0 0 0.0 0 .
Substantially weaker 0 0.0 0 0.0 0 .
Total 20 100.0 20 100.0 0 .

9. Over the past three months, to what extent has your bank experienced an increase or decrease in business, with either foreign or domestic customers, as a result of increased or decreased competition from European banks and their affiliates and subsidiaries?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
My bank does not compete with European banks for our business 32 55.2 9 29.0 23 85.2
My bank has experienced an increase in competition from European banks 2 3.4 2 6.5 0 0.0
My bank has experienced a decrease in competition from European banks, but such decreased competition has not appreciably increased my bank's business 16 27.6 13 41.9 3 11.1
My bank has experienced a decrease in competition from European banks, and such decreased competition has increased my bank's business to some extent 8 13.8 7 22.6 1 3.7
My bank has experienced a decrease in competition from European banks, and such decreased competition has increased my bank's business to a considerable extent 0 0.0 0 0.0 0 0.0
Total 58 100.0 31 100.0 27 100.0

Questions 10-11 ask about commercial real estate (CRE) loans at your bank, including construction and land development loans and loans secured by nonfarm nonresidential real estate. Question 10 deals with changes in your bank's standards over the past three months. Question 11 deals with changes in demand. If your bank's lending standards or terms have not changed over the relevant period, please report them as unchanged even if they are either restrictive or accommodative relative to longer-term norms. If your bank's standards or terms have tightened or eased over the relevant period, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing standards as changes in standards.

10. Over the past three months, how have your bank's credit standards for approving applications for CRE loans changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 1 2.8 0 0.0
Remained basically unchanged 51 76.1 26 72.2 25 80.6
Eased somewhat 15 22.4 9 25.0 6 19.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 36 100.0 31 100.0

11. Apart from normal seasonal variation, how has demand for CRE loans changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 27 40.3 13 36.1 14 45.2
About the same 40 59.7 23 63.9 17 54.8
Moderately weaker 0 0.0 0 0.0 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 67 100.0 36 100.0 31 100.0

Questions 12-13 ask about three categories of residential mortgage loans at your bank—prime residential mortgages, nontraditional residential mortgages, and subprime residential mortgages. Question 12 deals with changes in your bank's credit standards for loans in each of these categories over the past three months. Question 13 deals with changes in demand for loans in each of these categories over the same period. If your bank's credit standards have not changed over the relevant period, please report them as unchanged even if the standards are either restrictive or accommodative relative to longer-term norms. If your bank's credit standards have tightened or eased over the relevant period, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing standards as changes in standards.

For the purposes of this survey, please use the following definitions of these loan categories (note that the loan categories are not mutually exclusive) and include first-lien loans only:

12. Over the past three months, how have your bank's credit standards for approving applications from individuals for mortgage loans to purchase homes changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 0 0.0 1 3.3
Remained basically unchanged 57 89.1 29 85.3 28 93.3
Eased somewhat 6 9.4 5 14.7 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 34 100.0 30 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 30 100.0 20 100.0 10 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 30 100.0 20 100.0 10 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 16.7 0 0.0 1 25.0
Remained basically unchanged 5 83.3 2 100.0 3 75.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 6 100.0 2 100.0 4 100.0

13. Apart from normal seasonal variation, how has demand for mortgages to purchase homes changed over the past three months? (Please consider only new originations as opposed to the refinancing of existing mortgages.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 1 1.6 1 2.9 0 0.0
Moderately stronger 28 43.8 13 38.2 15 50.0
About the same 31 48.4 16 47.1 15 50.0
Moderately weaker 4 6.3 4 11.8 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 64 100.0 34 100.0 30 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 13.3 2 10.0 2 20.0
About the same 22 73.3 14 70.0 8 80.0
Moderately weaker 4 13.3 4 20.0 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 30 100.0 20 100.0 10 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 1 16.7 0 0.0 1 25.0
About the same 5 83.3 2 100.0 3 75.0
Moderately weaker 0 0.0 0 0.0 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 6 100.0 2 100.0 4 100.0

Questions 14-15 ask about revolving home equity lines of credit at your bank. Question 14 deals with changes in your bank's credit standards over the past three months. Question 15 deals with changes in demand. If your bank's credit standards have not changed over the relevant period, please report them as unchanged even if they are either restrictive or accommodative relative to longer-term norms. If your bank's credit standards have tightened or eased over the relevant period, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing standards as changes in standards.

14. Over the past three months, how have your bank's credit standards for approving applications for revolving home equity lines of credit changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 0 0.0 2 6.7
Remained basically unchanged 59 90.8 33 94.3 26 86.7
Eased somewhat 4 6.2 2 5.7 2 6.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100.0 35 100.0 30 100.0

15. Apart from normal seasonal variation, how has demand for revolving home equity lines of credit changed over the past three months? (Please consider only funds actually disbursed as opposed to requests for new or increased lines of credit.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 5 7.7 3 8.6 2 6.7
About the same 46 70.8 22 62.9 24 80.0
Moderately weaker 14 21.5 10 28.6 4 13.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 65 100.0 35 100.0 30 100.0

The following special questions ask about residential real estate lending policies at your institution. Questions 16-17 ask you to compare your current policies in approving applications for GSE-eligible and FHA-eligible home purchase loans relative to those policies that prevailed last year. Questions 18-19 ask about factors that may be affecting your bank's current willingness to approve residential real estate applications for home purchase loans and how those factors changed over the last year. Question 20 asks about how you anticipate your bank's holding of residential real estate assets will change over the next year.

16. For each of the following questions, indicate how much more or less likely it currently is, compared with a year ago, that your bank would approve an application for a 30-year fixed-rate GSE-eligible home purchase mortgage loan to a borrower with the stated FICO score (or equivalent) and down payment. In each case, assume that all other characteristics of the borrower and the property are typical for loan applications that are eligible for sale to the GSEs with that FICO score (or equivalent) and down payment. (Please assign each borrower category a number between 1 and 5 using the following scale: 1=much less likely, 2=somewhat less likely, 3=about the same, 4=somewhat more likely, 5=much more likely.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 9 15.0 2 6.1 7 25.9
Somewhat less likely 7 11.7 4 12.1 3 11.1
About the same 43 71.7 27 81.8 16 59.3
Somewhat more likely 1 1.7 0 0.0 1 3.7
Much more likely 0 0.0 0 0.0 0 0.0
Total 60 100.0 33 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 4 6.6 2 6.1 2 7.1
Somewhat less likely 4 6.6 1 3.0 3 10.7
About the same 49 80.3 28 84.8 21 75.0
Somewhat more likely 3 4.9 2 6.1 1 3.6
Much more likely 1 1.6 0 0.0 1 3.6
Total 61 100.0 33 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 0 0.0 0 0.0 0 0.0
Somewhat less likely 0 0.0 0 0.0 0 0.0
About the same 57 93.4 32 97.0 25 89.3
Somewhat more likely 3 4.9 1 3.0 2 7.1
Much more likely 1 1.6 0 0.0 1 3.6
Total 61 100.0 33 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 4 6.5 2 6.1 2 6.9
Somewhat less likely 5 8.1 1 3.0 4 13.8
About the same 50 80.6 30 90.9 20 69.0
Somewhat more likely 3 4.8 0 0.0 3 10.3
Much more likely 0 0.0 0 0.0 0 0.0
Total 62 100.0 33 100.0 29 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 0 0.0 0 0.0 0 0.0
Somewhat less likely 4 6.5 1 3.0 3 10.3
About the same 50 80.6 28 84.8 22 75.9
Somewhat more likely 6 9.7 3 9.1 3 10.3
Much more likely 2 3.2 1 3.0 1 3.4
Total 62 100.0 33 100.0 29 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 0 0.0 0 0.0 0 0.0
Somewhat less likely 1 1.6 0 0.0 1 3.4
About the same 52 83.9 27 81.8 25 86.2
Somewhat more likely 6 9.7 4 12.1 2 6.9
Much more likely 3 4.8 2 6.1 1 3.4
Total 62 100.0 33 100.0 29 100.0

17. For each of the following questions, indicate how much more or less likely it currently is, compared with a year ago, that your bank would approve an application for a 30-year fixed-rate FHA home purchase mortgage loan to a borrower with the stated FICO score (or equivalent). In each case, assume that the borrower provides a 3.5 percent down payment and that all other characteristics of the borrower and the property are typical for loan applications that are eligible for FHA insurance with that FICO score or equivalent. (Please assign each borrower category a number between 1 and 5 using the following scale: 1=much less likely, 2=somewhat less likely, 3=about the same, 4=somewhat more likely, 5=much more likely.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 11 20.0 1 3.4 10 38.5
Somewhat less likely 7 12.7 3 10.3 4 15.4
About the same 36 65.5 24 82.8 12 46.2
Somewhat more likely 1 1.8 1 3.4 0 0.0
Much more likely 0 0.0 0 0.0 0 0.0
Total 55 100.0 29 100.0 26 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 10 18.2 4 13.8 6 23.1
Somewhat less likely 7 12.7 2 6.9 5 19.2
About the same 38 69.1 23 79.3 15 57.7
Somewhat more likely 0 0.0 0 0.0 0 0.0
Much more likely 0 0.0 0 0.0 0 0.0
Total 55 100.0 29 100.0 26 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 1 1.7 0 0.0 1 3.7
Somewhat less likely 4 6.9 1 3.2 3 11.1
About the same 50 86.2 29 93.5 21 77.8
Somewhat more likely 3 5.2 1 3.2 2 7.4
Much more likely 0 0.0 0 0.0 0 0.0
Total 58 100.0 31 100.0 27 100.0

18. Now considering both conforming and nonconforming home purchase loans, please indicate how important each of the following factors currently is in restraining your bank's willingness or ability to approve such loans. A wide variety of factors are listed, some of which may not be applicable to your bank. (Please assign each factor a number between 1 and 5 using the following scale: 1=not important, 2=somewhat important, 3=very important, 4=the most important factor, 5=not applicable.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 27 46.6 11 34.4 16 61.5
Somewhat important 17 29.3 10 31.3 7 26.9
Very important 11 19.0 8 25.0 3 11.5
The most important factor 3 5.2 3 9.4 0 0.0
Total 58 100.0 32 100.0 26 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 35 61.4 17 51.5 18 75.0
Somewhat important 12 21.1 8 24.2 4 16.7
Very important 9 15.8 7 21.2 2 8.3
The most important factor 1 1.8 1 3.0 0 0.0
Total 57 100.0 33 100.0 24 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 31 52.5 16 48.5 15 57.7
Somewhat important 20 33.9 12 36.4 8 30.8
Very important 8 13.6 5 15.2 3 11.5
The most important factor 0 0.0 0 0.0 0 0.0
Total 59 100.0 33 100.0 26 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 25.9 7 23.3 8 28.6
Somewhat important 16 27.6 9 30.0 7 25.0
Very important 22 37.9 11 36.7 11 39.3
The most important factor 5 8.6 3 10.0 2 7.1
Total 58 100.0 30 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 25 46.3 13 44.8 12 48.0
Somewhat important 22 40.7 12 41.4 10 40.0
Very important 6 11.1 3 10.3 3 12.0
The most important factor 1 1.9 1 3.4 0 0.0
Total 54 100.0 29 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 18 40.9 11 44.0 7 36.8
Somewhat important 15 34.1 8 32.0 7 36.8
Very important 9 20.5 5 20.0 4 21.1
The most important factor 2 4.5 1 4.0 1 5.3
Total 44 100.0 25 100.0 19 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 17 28.3 11 33.3 6 22.2
Somewhat important 20 33.3 8 24.2 12 44.4
Very important 21 35.0 14 42.4 7 25.9
The most important factor 2 3.3 0 0.0 2 7.4
Total 60 100.0 33 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 17 27.9 8 24.2 9 32.1
Somewhat important 24 39.3 14 42.4 10 35.7
Very important 12 19.7 6 18.2 6 21.4
The most important factor 8 13.1 5 15.2 3 10.7
Total 61 100.0 33 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 21.7 5 15.6 8 28.6
Somewhat important 23 38.3 12 37.5 11 39.3
Very important 20 33.3 12 37.5 8 28.6
The most important factor 4 6.7 3 9.4 1 3.6
Total 60 100.0 32 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 0 0.0 0 0.0 0 0.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
The most important factor 3 100.0 2 100.0 1 100.0
Total 3 100.0 2 100.0 1 100.0

19. Still considering both conforming and nonconforming home purchase loans, please indicate how the following factors regarding your bank's willingness or ability to approve such loans have changed over the last year. (Please assign each possible factor a number between 1 and 6 using the following scale: 1=importance increased considerably, 2=importance increased somewhat, 3=importance remained basically unchanged, 4=importance decreased somewhat, 5=importance decreased considerably, 6=not applicable.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 5 9.1 2 6.5 3 12.5
Importance increased somewhat 13 23.6 9 29.0 4 16.7
Importance remained basically unchanged 33 60.0 18 58.1 15 62.5
Importance decreased somewhat 4 7.3 2 6.5 2 8.3
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 31 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 3 5.8 3 9.7 0 0.0
Importance increased somewhat 7 13.5 5 16.1 2 9.5
Importance remained basically unchanged 41 78.8 23 74.2 18 85.7
Importance decreased somewhat 1 1.9 0 0.0 1 4.8
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 31 100.0 21 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 2 3.6 0 0.0 2 8.3
Importance increased somewhat 10 18.2 7 22.6 3 12.5
Importance remained basically unchanged 43 78.2 24 77.4 19 79.2
Importance decreased somewhat 0 0.0 0 0.0 0 0.0
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 31 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 7 13.0 5 17.9 2 7.7
Importance increased somewhat 15 27.8 5 17.9 10 38.5
Importance remained basically unchanged 31 57.4 17 60.7 14 53.8
Importance decreased somewhat 1 1.9 1 3.6 0 0.0
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 28 100.0 26 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 2 3.9 1 3.7 1 4.2
Importance increased somewhat 12 23.5 6 22.2 6 25.0
Importance remained basically unchanged 37 72.5 20 74.1 17 70.8
Importance decreased somewhat 0 0.0 0 0.0 0 0.0
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 27 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 0 0.0 0 0.0 0 0.0
Importance increased somewhat 5 11.9 2 8.3 3 16.7
Importance remained basically unchanged 37 88.1 22 91.7 15 83.3
Importance decreased somewhat 0 0.0 0 0.0 0 0.0
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 42 100.0 24 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 1 1.6 1 3.0 0 0.0
Importance increased somewhat 12 19.7 6 18.2 6 21.4
Importance remained basically unchanged 48 78.7 26 78.8 22 78.6
Importance decreased somewhat 0 0.0 0 0.0 0 0.0
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 61 100.0 33 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 1 1.7 0 0.0 1 3.8
Importance increased somewhat 16 27.1 8 24.2 8 30.8
Importance remained basically unchanged 37 62.7 20 60.6 17 65.4
Importance decreased somewhat 5 8.5 5 15.2 0 0.0
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 59 100.0 33 100.0 26 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 4 6.9 2 6.3 2 7.7
Importance increased somewhat 19 32.8 11 34.4 8 30.8
Importance remained basically unchanged 35 60.3 19 59.4 16 61.5
Importance decreased somewhat 0 0.0 0 0.0 0 0.0
Importance decreased considerably 0 0.0 0 0.0 0 0.0
Total 58 100.0 32 100.0 26 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Importance increased considerably 0 . 0 . 0 .
Importance increased somewhat 0 . 0 . 0 .
Importance remained basically unchanged 0 . 0 . 0 .
Importance decreased somewhat 0 . 0 . 0 .
Importance decreased considerably 0 . 0 . 0 .
Total 0 . 0 . 0 .

20. How do you anticipate your bank will change its holdings of residential real estate assets (loans and other assets secured by residential real estate) over the next year?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
My bank will reduce its holdings substantially 3 4.7 2 5.9 1 3.3
My bank will reduce its holdings somewhat 10 15.6 7 20.6 3 10.0
My bank will keep its holdings about the same 21 32.8 9 26.5 12 40.0
My bank will increase its holdings somewhat 29 45.3 15 44.1 14 46.7
My bank will increase its holdings substantially 1 1.6 1 2.9 0 0.0
Total 64 100.0 34 100.0 30 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
My bank will reduce its holdings substantially 2 3.5 1 3.2 1 3.8
My bank will reduce its holdings somewhat 7 12.3 6 19.4 1 3.8
My bank will keep its holdings about the same 40 70.2 20 64.5 20 76.9
My bank will increase its holdings somewhat 7 12.3 3 9.7 4 15.4
My bank will increase its holdings substantially 1 1.8 1 3.2 0 0.0
Total 57 100.0 31 100.0 26 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
My bank will reduce its holdings substantially 1 2.5 1 4.2 0 0.0
My bank will reduce its holdings somewhat 9 22.5 6 25.0 3 18.8
My bank will keep its holdings about the same 28 70.0 16 66.7 12 75.0
My bank will increase its holdings somewhat 2 5.0 1 4.2 1 6.3
My bank will increase its holdings substantially 0 0.0 0 0.0 0 0.0
Total 40 100.0 24 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
My bank will reduce its holdings substantially 1 1.6 0 0.0 1 3.6
My bank will reduce its holdings somewhat 11 18.0 9 27.3 2 7.1
My bank will keep its holdings about the same 26 42.6 11 33.3 15 53.6
My bank will increase its holdings somewhat 22 36.1 12 36.4 10 35.7
My bank will increase its holdings substantially 1 1.6 1 3.0 0 0.0
Total 61 100.0 33 100.0 28 100.0

Questions 21-30 ask about consumer lending at your bank. Question 21 deals with changes in your bank's willingness to make consumer loans over the past three months. Questions 22-27 deal with changes in credit standards and loan terms over the same period. Questions 28-30deal with changes in demand for consumer loans over the past three months. If your bank's lending policies have not changed over the past three months, please report them as unchanged even if the policies are either restrictive or accommodative relative to longer-term norms. If your bank's policies have tightened or eased over the past three months, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing policies as changes in policies.

21. Please indicate your bank's willingness to make consumer installment loans now as opposed to three months ago.

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much more willing 0 0.0 0 0.0 0 0.0
Somewhat more willing 14 22.2 6 18.2 8 26.7
About unchanged 49 77.8 27 81.8 22 73.3
Somewhat less willing 0 0.0 0 0.0 0 0.0
Much less willing 0 0.0 0 0.0 0 0.0
Total 63 100.0 33 100.0 30 100.0

22. Over the past three months, how have your bank's credit standards for approving applications for credit cards from individuals or households changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 50 92.6 28 93.3 22 91.7
Eased somewhat 4 7.4 2 6.7 2 8.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 30 100.0 24 100.0

23. Over the past three months, how have your bank's credit standards for approving applications for auto loans to individuals or households changed? (Please include loans arising from retail sales of passenger cars and other vehicles such as minivans, vans, sport-utility vehicles, pickup trucks, and similar light trucks for personal use, whether new or used. Please exclude loans to finance fleet sales, personal cash loans secured by automobiles already paid for, loans to finance the purchase of commercial vehicles and farm equipment, and lease financing.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.7 1 3.3 0 0.0
Remained basically unchanged 50 86.2 24 80.0 26 92.9
Eased somewhat 7 12.1 5 16.7 2 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100.0 30 100.0 28 100.0

24. Over the past three months, how have your bank's credit standards for approving applications for consumer loans other than credit card and auto loans changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 61 96.8 32 97.0 29 96.7
Eased somewhat 2 3.2 1 3.0 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 33 100.0 30 100.0

25. Over the past three months, how has your bank changed the following terms and conditions on new or existing credit card accounts for individuals or households?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 2.1 0 0.0 1 4.8
Remained basically unchanged 41 85.4 24 88.9 17 81.0
Eased somewhat 5 10.4 2 7.4 3 14.3
Eased considerably 1 2.1 1 3.7 0 0.0
Total 48 100.0 27 100.0 21 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 2.1 1 3.7 0 0.0
Remained basically unchanged 44 91.7 24 88.9 20 95.2
Eased somewhat 3 6.3 2 7.4 1 4.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 48 100.0 27 100.0 21 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 47 97.9 26 96.3 21 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 1 2.1 1 3.7 0 0.0
Total 48 100.0 27 100.0 21 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 2.1 0 0.0 1 4.8
Remained basically unchanged 43 89.6 25 92.6 18 85.7
Eased somewhat 4 8.3 2 7.4 2 9.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 48 100.0 27 100.0 21 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 2.1 0 0.0 1 4.8
Remained basically unchanged 43 89.6 24 88.9 19 90.5
Eased somewhat 4 8.3 3 11.1 1 4.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 48 100.0 27 100.0 21 100.0

26. Over the past three months, how has your bank changed the following terms and conditions on loans to individuals or households to purchase autos?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 50 86.2 23 76.7 27 96.4
Eased somewhat 7 12.1 6 20.0 1 3.6
Eased considerably 1 1.7 1 3.3 0 0.0
Total 58 100.0 30 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.2 3 10.0 0 0.0
Remained basically unchanged 40 69.0 22 73.3 18 64.3
Eased somewhat 13 22.4 4 13.3 9 32.1
Eased considerably 2 3.4 1 3.3 1 3.6
Total 58 100.0 30 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 54 93.1 28 93.3 26 92.9
Eased somewhat 4 6.9 2 6.7 2 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100.0 30 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.7 1 3.3 0 0.0
Remained basically unchanged 54 93.1 28 93.3 26 92.9
Eased somewhat 3 5.2 1 3.3 2 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100.0 30 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.4 1 3.3 1 3.6
Remained basically unchanged 53 91.4 26 86.7 27 96.4
Eased somewhat 3 5.2 3 10.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100.0 30 100.0 28 100.0

27. Over the past three months, how has your bank changed the following terms and conditions on consumer loans other than credit card and auto loans?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 63 100.0 34 100.0 29 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 1 2.9 0 0.0
Remained basically unchanged 54 85.7 30 88.2 24 82.8
Eased somewhat 8 12.7 3 8.8 5 17.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 61 96.8 32 94.1 29 100.0
Eased somewhat 2 3.2 2 5.9 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 62 98.4 33 97.1 29 100.0
Eased somewhat 1 1.6 1 2.9 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 62 98.4 33 97.1 29 100.0
Eased somewhat 1 1.6 1 2.9 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0

28. Apart from normal seasonal variation, how has demand from individuals or households for credit card loans changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 9 18.0 5 17.2 4 19.0
About the same 38 76.0 22 75.9 16 76.2
Moderately weaker 3 6.0 2 6.9 1 4.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 50 100.0 29 100.0 21 100.0

29. Apart from normal seasonal variation, how has demand from individuals or households for auto loans changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 16 26.7 7 22.6 9 31.0
About the same 39 65.0 22 71.0 17 58.6
Moderately weaker 5 8.3 2 6.5 3 10.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 60 100.0 31 100.0 29 100.0

30. Apart from normal seasonal variation, how has demand from individuals or households for consumer loans other than credit card and auto loans changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 8 12.5 3 8.8 5 16.7
About the same 50 78.1 27 79.4 23 76.7
Moderately weaker 6 9.4 4 11.8 2 6.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 64 100.0 34 100.0 30 100.0

Questions 31-32 ask about lending policies at your institution for private student loans. Question 31 asks you to compare your current policies on approving applications for private student loans compared to those policies a year ago. Question 32 asks about your bank's anticipated holdings of private student loans over the next year.

31. For applications for private student loans that your bank currently is willing to approve, how have your bank's terms and policies on those loans changed over the past year? (Please assign each term a number between 1 and 5 using the following scale: 1=tightened considerably, 2=tightened somewhat, 3=remained basically unchanged, 4=eased somewhat, 5=eased considerably.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 9.1 1 16.7 0 0.0
Remained basically unchanged 10 90.9 5 83.3 5 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 11 100.0 6 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 10 90.9 5 83.3 5 100.0
Eased somewhat 1 9.1 1 16.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 11 100.0 6 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 11 100.0 6 100.0 5 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 11 100.0 6 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 9.1 1 16.7 0 0.0
Remained basically unchanged 10 90.9 5 83.3 5 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 11 100.0 6 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 9.1 1 16.7 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 10 90.9 5 83.3 5 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 11 100.0 6 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 11 100.0 6 100.0 5 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 11 100.0 6 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 9.1 1 16.7 0 0.0
Remained basically unchanged 8 72.7 3 50.0 5 100.0
Eased somewhat 1 9.1 1 16.7 0 0.0
Eased considerably 1 9.1 1 16.7 0 0.0
Total 11 100.0 6 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 10 90.9 5 83.3 5 100.0
Eased somewhat 1 9.1 1 16.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 11 100.0 6 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 9.1 1 16.7 0 0.0
Remained basically unchanged 10 90.9 5 83.3 5 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 11 100.0 6 100.0 5 100.0

32. How do you anticipate your bank will change its holdings of private student loans over the next year?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
My bank will reduce its holdings substantially 1 7.1 1 11.1 0 0.0
My bank will reduce its holdings somewhat 3 21.4 3 33.3 0 0.0
My bank will keep its holdings about the same 7 50.0 2 22.2 5 100.0
My bank will increase its holdings somewhat 3 21.4 3 33.3 0 0.0
My bank will increase its holdings substantially 0 0.0 0 0.0 0 0.0
Total 14 100.0 9 100.0 5 100.0

1. The sample is selected from among the largest banks in each Federal Reserve District. In the table, large banks are defined as those with total domestic assets of $20 billion or more as of December 31, 2012. The combined assets of the 37 large banks totaled $8.0 trillion, compared to $8.3 trillion for the entire panel of 68 banks, and $11.7 trillion for all domestically chartered, federally insured commercial banks.

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