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  4. The July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices

Senior Loan Officer Opinion Survey on Bank Lending Practices

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

(Status of Policy as of July 2023)

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.)

A. Standards for large and middle-market firms (annual sales of $50 million or more):

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 3 4.8 3 8.8 0 0.0
Tightened somewhat 29 46.0 15 44.1 14 48.3
Remained basically unchanged 31 49.2 16 47.1 15 51.7
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 34 100 29 100

For this question, 1 respondent answered "My bank does not originate C&I loans or credit lines to large and middle-market firms."

B. Standards for small firms (annual sales of less than $50 million):

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 3 5.1 2 6.7 1 3.4
Tightened somewhat 26 44.1 13 43.3 13 44.8
Remained basically unchanged 30 50.8 15 50.0 15 51.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100 30 100 29 100

For this question, 3 respondents answered "My bank does not originate C&I loans or credit lines to small firms."

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?

A. Terms for large and middle-market firms (annual sales of $50 million or more):

a. Maximum size of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 3 4.8 3 8.8 0 0.0
Tightened somewhat 22 34.9 11 32.4 11 37.9
Remained basically unchanged 38 60.3 20 58.8 18 62.1
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 34 100 29 100

b. Maximum maturity of loans or credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 2 3.2 1 2.9 1 3.6
Tightened somewhat 10 16.1 9 26.5 1 3.6
Remained basically unchanged 49 79.0 24 70.6 25 89.3
Eased somewhat 1 1.6 0 0.0 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100 34 100 28 100

c. Costs of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 10 16.1 6 18.2 4 13.8
Tightened somewhat 28 45.2 15 45.5 13 44.8
Remained basically unchanged 24 38.7 12 36.4 12 41.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100 33 100 29 100

d. Spreads of loan rates over your bank's cost of funds (wider spreads=tightened,narrower spreads=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 11 17.5 7 20.6 4 13.8
Tightened somewhat 32 50.8 16 47.1 16 55.2
Remained basically unchanged 20 31.7 11 32.4 9 31.0
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 34 100 29 100

e. Premiums charged on riskier loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 11 18.0 6 18.8 5 17.2
Tightened somewhat 27 44.3 15 46.9 12 41.4
Remained basically unchanged 23 37.7 11 34.4 12 41.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100 32 100 29 100

f. Loan covenants

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 2 3.3 2 5.9 0 0.0
Tightened somewhat 18 29.5 9 26.5 9 33.3
Remained basically unchanged 41 67.2 23 67.6 18 66.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100 34 100 27 100

g. Collateralization requirements

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.6 0 0.0 1 3.4
Tightened somewhat 15 23.8 9 26.5 6 20.7
Remained basically unchanged 47 74.6 25 73.5 22 75.9
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 34 100 29 100

h. Use of interest rate floors (more use=tightened, less use=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 3 4.8 1 2.9 2 6.9
Tightened somewhat 12 19.0 4 11.8 8 27.6
Remained basically unchanged 46 73.0 27 79.4 19 65.5
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 34 100 29 100

B. Terms for small firms (annual sales of less than $50 million):

a. Maximum size of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 21 35.6 10 33.3 11 37.9
Remained basically unchanged 38 64.4 20 66.7 18 62.1
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100 30 100 29 100

b. Maximum maturity of loans or credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.7 0 0.0 1 3.6
Tightened somewhat 11 19.0 9 30.0 2 7.1
Remained basically unchanged 46 79.3 21 70.0 25 89.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 30 100 28 100

c. Costs of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 8 13.8 4 13.3 4 14.3
Tightened somewhat 27 46.6 15 50.0 12 42.9
Remained basically unchanged 23 39.7 11 36.7 12 42.9
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 30 100 28 100

d. Spreads of loan rates over your bank's cost of funds (wider spreads=tightened,narrower spreads=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 5 8.5 2 6.7 3 10.3
Tightened somewhat 34 57.6 18 60.0 16 55.2
Remained basically unchanged 20 33.9 10 33.3 10 34.5
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100 30 100 29 100

e. Premiums charged on riskier loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 9 15.5 5 17.2 4 13.8
Tightened somewhat 26 44.8 14 48.3 12 41.4
Remained basically unchanged 23 39.7 10 34.5 13 44.8
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 29 100 29 100

f. Loan covenants

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 18 31.6 9 31.0 9 32.1
Remained basically unchanged 39 68.4 20 69.0 19 67.9
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 29 100 28 100

g. Collateralization requirements

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.7 0 0.0 1 3.4
Tightened somewhat 14 24.1 7 24.1 7 24.1
Remained basically unchanged 43 74.1 22 75.9 21 72.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 29 100 29 100

h. Use of interest rate floors (more use=tightened, less use=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 2 3.4 1 3.3 1 3.6
Tightened somewhat 12 20.7 3 10.0 9 32.1
Remained basically unchanged 44 75.9 26 86.7 18 64.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 30 100 28 100

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? (Please respond to either A, B, or both as appropriate.)

A. Possible reasons for tightening credit standards or loan terms:

a. Deterioration in your bank's current or expected capital position

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 31 63.3 16 59.3 15 68.2
Somewhat Important 13 26.5 10 37.0 3 13.6
Very Important 5 10.2 1 3.7 4 18.2
Total 49 100 27 100 22 100

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 3 6.0 0 0.0 3 13.0
Somewhat Important 31 62.0 17 63.0 14 60.9
Very Important 16 32.0 10 37.0 6 26.1
Total 50 100 27 100 23 100

c. Worsening of industry-specific problems (please specify industries)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 21 43.8 8 30.8 13 59.1
Somewhat Important 21 43.8 13 50.0 8 36.4
Very Important 6 12.5 5 19.2 1 4.5
Total 48 100 26 100 22 100

d. Less aggressive competition from other banks or nonbank lenders (other financial intermediaries or the capital markets)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 29 58.0 18 66.7 11 47.8
Somewhat Important 21 42.0 9 33.3 12 52.2
Very Important 0 0.0 0 0.0 0 0.0
Total 50 100 27 100 23 100

e. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 15 31.2 6 23.1 9 40.9
Somewhat Important 28 58.3 18 69.2 10 45.5
Very Important 5 10.4 2 7.7 3 13.6
Total 48 100 26 100 22 100

f. Decreased liquidity in the secondary market for these loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 24 50.0 12 44.4 12 57.1
Somewhat Important 17 35.4 11 40.7 6 28.6
Very Important 7 14.6 4 14.8 3 14.3
Total 48 100 27 100 21 100

g. Deterioration in your bank's current or expected liquidity position

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 20 40.8 11 40.7 9 40.9
Somewhat Important 21 42.9 14 51.9 7 31.8
Very Important 8 16.3 2 7.4 6 27.3
Total 49 100 27 100 22 100

h. Increased concerns about the effects of legislative changes, supervisory actions, or changes in accounting standards

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 23 46.0 8 29.6 15 65.2
Somewhat Important 19 38.0 15 55.6 4 17.4
Very Important 8 16.0 4 14.8 4 17.4
Total 50 100 27 100 23 100

B. Possible reasons for easing credit standards or loan terms:

a. Improvement in your bank's current or expected capital position

Responses are not reported when the number of respondents is 3 or fewer.

b. More favorable or less uncertain economic outlook

Responses are not reported when the number of respondents is 3 or fewer.

c. Improvement in industry-specific problems (please specify industries)

Responses are not reported when the number of respondents is 3 or fewer.

d. More aggressive competition from other banks or nonbank lenders (other financial intermediaries or the capital markets)

Responses are not reported when the number of respondents is 3 or fewer.

e. Increased tolerance for risk

Responses are not reported when the number of respondents is 3 or fewer.

f. Increased liquidity in the secondary market for these loans

Responses are not reported when the number of respondents is 3 or fewer.

g. Improvement in your bank's current or expected liquidity position

Responses are not reported when the number of respondents is 3 or fewer.

h. Reduced concerns about the effects of legislative changes, supervisory actions, or changes in accounting standards

Responses are not reported when the number of respondents is 3 or fewer.

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.)

A. Demand for C&I loans from large and middle-market firms (annual sales of $50 million or more):

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 5 8.1 2 6.1 3 10.3
About the same 20 32.3 11 33.3 9 31.0
Moderately weaker 32 51.6 17 51.5 15 51.7
Substantially weaker 5 8.1 3 9.1 2 6.9
Total 62 100 33 100 29 100

B. Demand for C&I loans from small firms (annual sales of less than $50 million):

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 6.8 1 3.3 3 10.3
About the same 23 39.0 14 46.7 9 31.0
Moderately weaker 26 44.1 12 40.0 14 48.3
Substantially weaker 6 10.2 3 10.0 3 10.3
Total 59 100 30 100 29 100

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? (Please respond to either A, B, or both as appropriate.)

A. If stronger loan demand (answer 1 or 2 to question 4A or 4B), possible reasons:

a. Customer inventory financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 1 16.7 1 50.0 0 0.0
Somewhat Important 3 50.0 1 50.0 2 50.0
Very Important 2 33.3 0 0.0 2 50.0
Total 6 100 2 100 4 100

b. Customer accounts receivable financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 1 16.7 1 50.0 0 0.0
Somewhat Important 4 66.7 1 50.0 3 75.0
Very Important 1 16.7 0 0.0 1 25.0
Total 6 100 2 100 4 100

c. Customer investment in plant or equipment increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 1 16.7 0 0.0 1 25.0
Somewhat Important 5 83.3 2 100.0 3 75.0
Very Important 0 0.0 0 0.0 0 0.0
Total 6 100 2 100 4 100

d. Customer internally generated funds decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 1 16.7 0 0.0 1 25.0
Somewhat Important 5 83.3 2 100.0 3 75.0
Very Important 0 0.0 0 0.0 0 0.0
Total 6 100 2 100 4 100

e. Customer merger or acquisition financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 4 66.7 1 50.0 3 75.0
Somewhat Important 2 33.3 1 50.0 1 25.0
Very Important 0 0.0 0 0.0 0 0.0
Total 6 100 2 100 4 100

f. Customer borrowing shifted to your bank from other bank or nonbank sources because these other sources became less attractive

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 0 0.0 0 0.0 0 0.0
Somewhat Important 3 50.0 1 50.0 2 50.0
Very Important 3 50.0 1 50.0 2 50.0
Total 6 100 2 100 4 100

g. Customer precautionary demand for cash and liquidity increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 3 50.0 1 50.0 2 50.0
Somewhat Important 2 33.3 1 50.0 1 25.0
Very Important 1 16.7 0 0.0 1 25.0
Total 6 100 2 100 4 100

B. If weaker loan demand (answer 4 or 5 to question 4A or 4B), possible reasons:

a. Customer inventory financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 12 33.3 9 45.0 3 18.8
Somewhat Important 23 63.9 10 50.0 13 81.2
Very Important 1 2.8 1 5.0 0 0.0
Total 36 100 20 100 16 100

b. Customer accounts receivable financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 15 41.7 10 47.6 5 33.3
Somewhat Important 19 52.8 9 42.9 10 66.7
Very Important 2 5.6 2 9.5 0 0.0
Total 36 100 21 100 15 100

c. Customer investment in plant or equipment decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 2 5.4 1 4.8 1 6.2
Somewhat Important 31 83.8 17 81.0 14 87.5
Very Important 4 10.8 3 14.3 1 6.2
Total 37 100 21 100 16 100

d. Customer internally generated funds increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 23 67.6 13 68.4 10 66.7
Somewhat Important 11 32.4 6 31.6 5 33.3
Very Important 0 0.0 0 0.0 0 0.0
Total 34 100 19 100 15 100

e. Customer merger or acquisition financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 12 33.3 3 14.3 9 60.0
Somewhat Important 17 47.2 12 57.1 5 33.3
Very Important 7 19.4 6 28.6 1 6.7
Total 36 100 21 100 15 100

f. Customer borrowing shifted from your bank to other bank or nonbank sources because these other sources became more attractive

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 25 71.4 15 75.0 10 66.7
Somewhat Important 6 17.1 3 15.0 3 20.0
Very Important 4 11.4 2 10.0 2 13.3
Total 35 100 20 100 15 100

g. Customer precautionary demand for cash and liquidity decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 19 52.8 11 52.4 8 53.3
Somewhat Important 15 41.7 8 38.1 7 46.7
Very Important 2 5.6 2 9.5 0 0.0
Total 36 100 21 100 15 100

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 Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
The number of inquiries has increased substantially 0 0.0 0 0.0 0 0.0
The number of inquiries has increased moderately 4 6.7 2 6.2 2 7.1
The number of inquiries has stayed about the same 23 38.3 11 34.4 12 42.9
The number of inquiries has decreased moderately 32 53.3 19 59.4 13 46.4
The number of inquiries has decreased substantially 1 1.7 0 0.0 1 3.6
Total 60 100 32 100 28 100

For this question, 1 respondent answered "My bank does not originate C&I lines of credit."

Questions 7-12 ask about changes in standards and demand over the past three months for three different types of commercial real estate (CRE) loans at your bank: construction and land development loans, loans secured by nonfarm nonresidential properties, and loans secured by multifamily residential properties. Please report changes in enforcement of existing policies as changes in policies.

7. Over the past three months, how have your bank's credit standards for approving new applications for construction and land development loans or credit lines changed?

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 10 16.7 6 18.8 4 14.3
Tightened somewhat 34 56.7 17 53.1 17 60.7
Remained basically unchanged 15 25.0 9 28.1 6 21.4
Eased somewhat 1 1.7 0 0.0 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 32 100 28 100

For this question, 3 respondents answered "My bank does not originate construction and land development loans or credit lines."

8. Over the past three months, how have your bank's credit standards for approving new applications for loans secured by nonfarm nonresidential properties changed?

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 8 13.3 5 15.6 3 10.7
Tightened somewhat 33 55.0 17 53.1 16 57.1
Remained basically unchanged 19 31.7 10 31.2 9 32.1
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 32 100 28 100

For this question, 2 respondents answered "My bank does not originate loans secured by nonfarm nonresidential properties."

9. Over the past three months, how have your bank's credit standards for approving new applications for loans secured by multifamily residential properties changed?

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 8 13.3 4 12.5 4 14.3
Tightened somewhat 30 50.0 16 50.0 14 50.0
Remained basically unchanged 22 36.7 12 37.5 10 35.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 32 100 28 100

For this question, 2 respondents answered "My bank does not originate loans secured by multifamily residential properties."

10. Apart from normal seasonal variation, how has demand for construction and land development loans changed over the past three months? (Please consider the number of requests for new spot loans, for disbursement of funds under existing loan commitments, and for new or increased credit lines.)

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.7 0 0.0 1 3.6
Moderately stronger 3 5.0 3 9.4 0 0.0
About the same 21 35.0 12 37.5 9 32.1
Moderately weaker 28 46.7 13 40.6 15 53.6
Substantially weaker 7 11.7 4 12.5 3 10.7
Total 60 100 32 100 28 100

11. Apart from normal seasonal variation, how has demand for loans secured by nonfarm nonresidential properties changed over the past three months? (Please consider the number of requests for new spot loans, for disbursement of funds under existing loan commitments, and for new or increased credit lines.)

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.7 0 0.0 1 3.6
Moderately stronger 0 0.0 0 0.0 0 0.0
About the same 23 38.3 16 50.0 7 25.0
Moderately weaker 31 51.7 14 43.8 17 60.7
Substantially weaker 5 8.3 2 6.2 3 10.7
Total 60 100 32 100 28 100

12. Apart from normal seasonal variation, how has demand for loans secured by multifamily residential properties changed over the past three months? (Please consider the number of requests for new spot loans, for disbursement of funds under existing loan commitments, and for new or increased credit lines.)

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.7 0 0.0 1 3.6
Moderately stronger 2 3.3 2 6.2 0 0.0
About the same 24 40.0 15 46.9 9 32.1
Moderately weaker 28 46.7 13 40.6 15 53.6
Substantially weaker 5 8.3 2 6.2 3 10.7
Total 60 100 32 100 28 100

Note: Beginning with the January 2015 survey, the loan categories referred to in the questions regarding changes in credit standards and demand for residential mortgage loans have been revised to reflect the Consumer Financial Protection Bureau's qualified mortgage rules.

Questions 13-14 ask about seven categories of residential mortgage loans at your bank: Government-Sponsored Enterprise eligible (GSE-eligible) residential mortgages, government residential mortgages, Qualified Mortgage non-jumbo non-GSE-eligible (QM non-jumbo, non-GSE-eligible) residential mortgages, QM jumbo residential mortgages, non-QM jumbo residential mortgages, non-QM non-jumbo residential mortgages, and subprime residential mortgages. For the purposes of this survey, please use the following definitions of these loan categories and include first-lien closed-end loans to purchase homes only. The loan categories have been defined so that every first-lien closed-end residential mortgage loan used for home purchase fits into one of the following seven categories:
  • The GSE-eligible category of residential mortgages includes loans that meet the underwriting guidelines, including loan limit amounts, of the GSEs - Fannie Mae and Freddie Mac.
  • The government category of residential mortgages includes loans that are insured by the Federal Housing Administration, guaranteed by the Department of Veterans Affairs, or originated under government programs, including the U.S. Department of Agriculture home loan programs.
  • The QM non-jumbo, non-GSE-eligible category of residential mortgages includes loans that satisfy the standards for a qualified mortgage and have loan balances that are below the loan limit amounts set by the GSEs but otherwise do not meet the GSE underwriting guidelines.
  • The QM jumbo category of residential mortgages includes loans that satisfy the standards for a qualified mortgage but have loan balances that are above the loan limit amount set by the GSEs.
  • The non-QM jumbo category of residential mortgages includes loans that do not satisfy the standards for a qualified mortgage and have loan balances that are above the loan limit amount set by the GSEs.
  • The non-QM non-jumbo category of residential mortgages includes loans that do not satisfy the standards for a qualified mortgage and have loan balances that are below the loan limit amount set by the GSEs.(Please exclude loans classified by your bank as subprime in this category.)
  • The subprime category of residential mortgages includes loans classified by your bank as subprime. This category typically includes loans made to borrowers with weakened credit histories that include payment delinquencies, charge-offs, judgements, and/or bankruptcies; reduced repayment capacity as measured by credit scores or debt-to-income ratios; or incomplete credit histories.
 
Question 13 deals with changes in your bank's credit standards for loans in each of the seven loan categories over the past three months. 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.

Question 14 deals with changes in demand for loans in each of the seven loan categories over the past three months.

 

13. Over the past three months, how have your bank's credit standards for approving applications from individuals for mortgage loans to purchase homes changed? (Please consider only new originations as opposed to the refinancing of existing mortgages.)

A. Credit standards on mortgage loans that your bank categorizes as GSE-eligible residential mortgages have:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.4 1 3.7 2 6.9
Remained basically unchanged 53 94.6 26 96.3 27 93.1
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100 27 100 29 100

For this question, 8 respondents answered "My bank does not originate GSE-eligible residential mortgages."

B. Credit standards on mortgage loans that your bank categorizes as government residential mortgages have:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 7.5 2 8.0 2 7.1
Remained basically unchanged 48 90.6 22 88.0 26 92.9
Eased somewhat 1 1.9 1 4.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100 25 100 28 100

For this question, 11 respondents answered "My bank does not originate government residential mortgages."

C. Credit standards on mortgage loans that your bank categorizes as QM non-jumbo, non-GSE-eligible residential mortgages have:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.8 0 0.0 1 3.6
Tightened somewhat 6 10.7 2 7.1 4 14.3
Remained basically unchanged 49 87.5 26 92.9 23 82.1
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100 28 100 28 100

For this question, 8 respondents answered "My bank does not originate QM non-jumbo, non-GSE-eligible residential mortgages."

D. Credit standards on mortgage loans that your bank categorizes as QM jumbo residential mortgages have:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.8 0 0.0 1 3.6
Tightened somewhat 11 19.6 7 25.0 4 14.3
Remained basically unchanged 43 76.8 21 75.0 22 78.6
Eased somewhat 1 1.8 0 0.0 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100 28 100 28 100

For this question, 8 respondents answered "My bank does not originate QM jumbo residential mortgages."

E. Credit standards on mortgage loans that your bank categorizes as non-QM jumbo residential mortgages have:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 2.0 0 0.0 1 4.3
Tightened somewhat 10 19.6 6 21.4 4 17.4
Remained basically unchanged 40 78.4 22 78.6 18 78.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100 28 100 23 100

For this question, 13 respondents answered "My bank does not originate non-QM jumbo residential mortgages."

F. Credit standards on mortgage loans that your bank categorizes as non-QM non-jumbo residential mortgages have:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 2.0 0 0.0 1 4.5
Tightened somewhat 8 16.3 5 18.5 3 13.6
Remained basically unchanged 40 81.6 22 81.5 18 81.8
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 49 100 27 100 22 100

For this question, 15 respondents answered "My bank does not originate non-QM non-jumbo residential mortgages."

G. Credit standards on mortgage loans that your bank categorizes as subprime residential mortgages have:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 16.7 0 0.0 2 25.0
Remained basically unchanged 10 83.3 4 100.0 6 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 12 100 4 100 8 100

For this question, 52 respondents answered "My bank does not originate subprime residential mortgages."

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

A. Demand for mortgages that your bank categorizes as GSE-eligible residential mortgages was:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.8 1 3.7 0 0.0
Moderately stronger 8 14.5 2 7.4 6 21.4
About the same 22 40.0 14 51.9 8 28.6
Moderately weaker 16 29.1 6 22.2 10 35.7
Substantially weaker 8 14.5 4 14.8 4 14.3
Total 55 100 27 100 28 100

B. Demand for mortgages that your bank categorizes as government residential mortgages was:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.9 1 4.0 0 0.0
Moderately stronger 6 11.3 2 8.0 4 14.3
About the same 24 45.3 14 56.0 10 35.7
Moderately weaker 16 30.2 4 16.0 12 42.9
Substantially weaker 6 11.3 4 16.0 2 7.1
Total 53 100 25 100 28 100

C. Demand for mortgages that your bank categorizes as QM non-jumbo, non-GSE-eligible residential mortgages was:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.8 1 3.6 0 0.0
Moderately stronger 4 7.1 1 3.6 3 10.7
About the same 27 48.2 15 53.6 12 42.9
Moderately weaker 17 30.4 7 25.0 10 35.7
Substantially weaker 7 12.5 4 14.3 3 10.7
Total 56 100 28 100 28 100

D. Demand for mortgages that your bank categorizes as QM jumbo residential mortgages was:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.8 1 3.6 0 0.0
Moderately stronger 4 7.1 2 7.1 2 7.1
About the same 27 48.2 14 50.0 13 46.4
Moderately weaker 19 33.9 7 25.0 12 42.9
Substantially weaker 5 8.9 4 14.3 1 3.6
Total 56 100 28 100 28 100

E. Demand for mortgages that your bank categorizes as non-QM jumbo residential mortgages was:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 8.2 2 7.4 2 9.1
About the same 22 44.9 13 48.1 9 40.9
Moderately weaker 17 34.7 7 25.9 10 45.5
Substantially weaker 6 12.2 5 18.5 1 4.5
Total 49 100 27 100 22 100

F. Demand for mortgages that your bank categorizes as non-QM non-jumbo residential mortgages was:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 3 6.1 1 3.7 2 9.1
About the same 21 42.9 13 48.1 8 36.4
Moderately weaker 18 36.7 8 29.6 10 45.5
Substantially weaker 7 14.3 5 18.5 2 9.1
Total 49 100 27 100 22 100

G. Demand for mortgages that your bank categorizes as subprime residential mortgages was:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 3 27.3 2 66.7 1 12.5
About the same 4 36.4 1 33.3 3 37.5
Moderately weaker 2 18.2 0 0.0 2 25.0
Substantially weaker 2 18.2 0 0.0 2 25.0
Total 11 100 3 100 8 100

Questions 15-16 ask about revolving home equity lines of credit at your bank. Question 15 deals with changes in your bank's credit standards over the past three months. Question 16 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.

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.9 1 4.2 0 0.0
Tightened somewhat 12 23.1 7 29.2 5 17.9
Remained basically unchanged 38 73.1 16 66.7 22 78.6
Eased somewhat 1 1.9 0 0.0 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100 24 100 28 100

For this question, 12 respondents answered "My bank does not originate revolving home equity lines of credit."

16. 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 Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 7.8 2 8.3 2 7.4
About the same 30 58.8 15 62.5 15 55.6
Moderately weaker 13 25.5 6 25.0 7 25.9
Substantially weaker 4 7.8 1 4.2 3 11.1
Total 51 100 24 100 27 100

Questions 17-26 ask about consumer lending at your bank. Question 17 deals with changes in your bank's willingness to make consumer installment loans over the past three months. Questions 18-23 deal with changes in credit standards and loan terms over the same period. Questions 24-26 deal 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.

17. Please indicate your bank's willingness to make consumer installment loans now as opposed to three months ago. (This question covers the range of consumer installment loans defined as consumer loans with a set number of scheduled payments, such as auto loans, student loans, and personal loans. It does not cover credit cards and other types of revolving credit, nor mortgages, which are included under the residential real estate questions.)

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Much more willing 0 0.0 0 0.0 0 0.0
Somewhat more willing 2 3.6 1 3.8 1 3.4
About unchanged 39 70.9 14 53.8 25 86.2
Somewhat less willing 13 23.6 11 42.3 2 6.9
Much less willing 1 1.8 0 0.0 1 3.4
Total 55 100 26 100 29 100

For this question, 9 respondents answered "My bank does not originate consumer installment loans."

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 16 36.4 12 46.2 4 22.2
Remained basically unchanged 28 63.6 14 53.8 14 77.8
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 44 100 26 100 18 100

For this question, 19 respondents answered "My bank does not originate credit card loans to individuals or households."

19. 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 Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 8 16.7 7 31.8 1 3.8
Remained basically unchanged 39 81.2 14 63.6 25 96.2
Eased somewhat 1 2.1 1 4.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 48 100 22 100 26 100

For this question, 16 respondents answered "My bank does not originate auto loans to individuals or households."

20. 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 Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.9 0 0.0 1 3.4
Tightened somewhat 10 18.9 7 29.2 3 10.3
Remained basically unchanged 42 79.2 17 70.8 25 86.2
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100 24 100 29 100

For this question, 11 respondents answered "My bank does not originate consumer loans other than credit card or auto loans."

21. 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?

 

a. Credit limits

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 2.3 0 0.0 1 5.9
Tightened somewhat 9 20.9 8 30.8 1 5.9
Remained basically unchanged 32 74.4 17 65.4 15 88.2
Eased somewhat 1 2.3 1 3.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 26 100 17 100

b. Spreads of interest rates charged on outstanding balances over your bank's cost of funds (wider spreads=tightened, narrower spreads=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 9.3 0 0.0 4 23.5
Remained basically unchanged 38 88.4 25 96.2 13 76.5
Eased somewhat 1 2.3 1 3.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 26 100 17 100

c. Minimum percent of outstanding balances required to be repaid each month

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
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 43 100.0 26 100.0 17 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 26 100 17 100

d. Minimum required credit score (increased score=tightened, reduced score=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 11 25.6 7 26.9 4 23.5
Remained basically unchanged 31 72.1 18 69.2 13 76.5
Eased somewhat 1 2.3 1 3.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 26 100 17 100

e. The extent to which loans are granted to some customers that do not meet credit scoring thresholds (increased=eased, decreased=tightened)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 12 27.9 8 30.8 4 23.5
Remained basically unchanged 30 69.8 17 65.4 13 76.5
Eased somewhat 1 2.3 1 3.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 26 100 17 100

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

 

a. Maximum maturity

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 10.6 4 18.2 1 4.0
Remained basically unchanged 41 87.2 17 77.3 24 96.0
Eased somewhat 1 2.1 1 4.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 47 100 22 100 25 100

b. Spreads of loan rates over your bank's cost of funds (wider spreads=tightened, narrower spreads=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 2 4.3 0 0.0 2 8.0
Tightened somewhat 15 31.9 7 31.8 8 32.0
Remained basically unchanged 27 57.4 13 59.1 14 56.0
Eased somewhat 3 6.4 2 9.1 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 47 100 22 100 25 100

c. Minimum required down payment (higher=tightened, lower=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 14.9 4 18.2 3 12.0
Remained basically unchanged 39 83.0 17 77.3 22 88.0
Eased somewhat 1 2.1 1 4.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 47 100 22 100 25 100

d. Minimum required credit score (increased score=tightened, reduced score=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 6 12.8 2 9.1 4 16.0
Remained basically unchanged 40 85.1 19 86.4 21 84.0
Eased somewhat 1 2.1 1 4.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 47 100 22 100 25 100

e. The extent to which loans are granted to some customers that do not meet credit scoring thresholds (increased=eased, decreased=tightened)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 2.1 0 0.0 1 4.0
Tightened somewhat 5 10.6 2 9.1 3 12.0
Remained basically unchanged 41 87.2 20 90.9 21 84.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 47 100 22 100 25 100

23. 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?

 

a. Maximum maturity

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 7.7 4 16.7 0 0.0
Remained basically unchanged 48 92.3 20 83.3 28 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100 24 100 28 100

b.Spreads of loan rates over your bank's cost of funds (wider spreads=tightened, narrower spreads=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 2 3.8 1 4.2 1 3.6
Tightened somewhat 13 25.0 6 25.0 7 25.0
Remained basically unchanged 35 67.3 16 66.7 19 67.9
Eased somewhat 2 3.8 1 4.2 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100 24 100 28 100

c. Minimum required down payment (higher=tightened, lower=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 9.6 3 12.5 2 7.1
Remained basically unchanged 46 88.5 20 83.3 26 92.9
Eased somewhat 1 1.9 1 4.2 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100 24 100 28 100

d. Minimum required credit score (increased score=tightened, reduced score=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 11 21.2 6 25.0 5 17.9
Remained basically unchanged 40 76.9 17 70.8 23 82.1
Eased somewhat 1 1.9 1 4.2 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100 24 100 28 100

e. The extent to which loans are granted to some customers that do not meet credit scoring thresholds (increased=eased, decreased=tightened)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.9 1 4.2 0 0.0
Tightened somewhat 8 15.4 3 12.5 5 17.9
Remained basically unchanged 42 80.8 19 79.2 23 82.1
Eased somewhat 1 1.9 1 4.2 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100 24 100 28 100

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 2.3 0 0.0 1 5.9
Moderately stronger 5 11.6 3 11.5 2 11.8
About the same 31 72.1 18 69.2 13 76.5
Moderately weaker 6 14.0 5 19.2 1 5.9
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 43 100 26 100 17 100

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 8.5 1 4.8 3 11.5
About the same 29 61.7 15 71.4 14 53.8
Moderately weaker 14 29.8 5 23.8 9 34.6
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 47 100 21 100 26 100

26. 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 Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 3 5.8 2 8.3 1 3.6
About the same 34 65.4 14 58.3 20 71.4
Moderately weaker 14 26.9 8 33.3 6 21.4
Substantially weaker 1 1.9 0 0.0 1 3.6
Total 52 100 24 100 28 100

Question 27 asks you to describe the current level of lending standards at your bank relative to the range of standards that has prevailed between 2005 and the present, a period which likely encompasses a wide range of standards as seen over a credit cycle. For each of the loan categories listed below, please use as reference points the points at which standards at your bank were tightest (most restrictive or least accommodative) and easiest (most accommodative or least restrictive) during this period.

27. Using the range between the tightest and the easiest that lending standards at your bank have been between 2005 and the present, for each of the loan categories listed below, how would you describe your bank's current level of standards relative to that range? If a different time frame (other than between 2005 and the present) would better encompass the most recent period over which your bank's standards have spanned the range of easiest to tightest, please indicate that reference range in the comment box below.

A. C&I loans or credit lines:

a. Syndicated or club loans (large loans originated by a group of relationship lenders) to investment-grade firms (or unrated firms of similar creditworthiness)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 1 1.7 1 3.1 0 0.0
Somewhat easier than the midpoint 4 6.9 3 9.4 1 3.8
Near the midpoint 21 36.2 13 40.6 8 30.8
Somewhat tighter than the midpoint 23 39.7 13 40.6 10 38.5
Significantly tighter than the midpoint 8 13.8 2 6.2 6 23.1
Near the tightest level 1 1.7 0 0.0 1 3.8
Total 58 100 32 100 26 100

b. Syndicated or club loans to below-investment-grade firms (or unrated firms of similar creditworthiness)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 1 1.7 1 3.1 0 0.0
Significantly easier than the midpoint 1 1.7 1 3.1 0 0.0
Somewhat easier than the midpoint 2 3.4 2 6.2 0 0.0
Near the midpoint 13 22.4 7 21.9 6 23.1
Somewhat tighter than the midpoint 25 43.1 14 43.8 11 42.3
Significantly tighter than the midpoint 9 15.5 5 15.6 4 15.4
Near the tightest level 7 12.1 2 6.2 5 19.2
Total 58 100 32 100 26 100

c. Non-syndicated loans to large and middle-market firms (annual sales of $50 million or more)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 1 1.7 1 3.2 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 4 6.9 2 6.5 2 7.4
Near the midpoint 19 32.8 9 29.0 10 37.0
Somewhat tighter than the midpoint 25 43.1 12 38.7 13 48.1
Significantly tighter than the midpoint 9 15.5 7 22.6 2 7.4
Near the tightest level 0 0.0 0 0.0 0 0.0
Total 58 100 31 100 27 100

d. Non-syndicated loans to small firms (annual sales of less than $50 million)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 4 7.0 2 6.7 2 7.4
Near the midpoint 21 36.8 10 33.3 11 40.7
Somewhat tighter than the midpoint 25 43.9 14 46.7 11 40.7
Significantly tighter than the midpoint 6 10.5 3 10.0 3 11.1
Near the tightest level 1 1.8 1 3.3 0 0.0
Total 57 100 30 100 27 100

e. Loans to very small firms (annual sales of less than $5 million)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 3 5.7 0 0.0 3 11.1
Near the midpoint 21 39.6 12 46.2 9 33.3
Somewhat tighter than the midpoint 23 43.4 12 46.2 11 40.7
Significantly tighter than the midpoint 5 9.4 2 7.7 3 11.1
Near the tightest level 1 1.9 0 0.0 1 3.7
Total 53 100 26 100 27 100

B. Loans or credit lines secured by commercial real estate:

a. For construction and land development purposes

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 1 1.7 0 0.0 1 3.7
Near the midpoint 5 8.6 1 3.2 4 14.8
Somewhat tighter than the midpoint 25 43.1 15 48.4 10 37.0
Significantly tighter than the midpoint 19 32.8 9 29.0 10 37.0
Near the tightest level 8 13.8 6 19.4 2 7.4
Total 58 100 31 100 27 100

b. Secured by nonfarm nonresidential properties

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 1 1.7 0 0.0 1 3.7
Near the midpoint 6 10.3 0 0.0 6 22.2
Somewhat tighter than the midpoint 25 43.1 15 48.4 10 37.0
Significantly tighter than the midpoint 18 31.0 10 32.3 8 29.6
Near the tightest level 8 13.8 6 19.4 2 7.4
Total 58 100 31 100 27 100

c. Secured by multifamily residential properties

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 1 1.7 0 0.0 1 3.7
Near the midpoint 13 22.4 5 16.1 8 29.6
Somewhat tighter than the midpoint 27 46.6 17 54.8 10 37.0
Significantly tighter than the midpoint 11 19.0 5 16.1 6 22.2
Near the tightest level 6 10.3 4 12.9 2 7.4
Total 58 100 31 100 27 100

C. Loans or credit lines secured by residential real estate (For the jumbo category, consider residential real estate loans that have balances that are above the conforming loan limits announced by the FHFA. For remaining categories, please refer to the definitions of residential real estate loan categories stated in questions 13-14):

a. GSE-eligible residential mortgage loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 4 7.8 3 11.5 1 4.0
Near the midpoint 31 60.8 16 61.5 15 60.0
Somewhat tighter than the midpoint 13 25.5 6 23.1 7 28.0
Significantly tighter than the midpoint 2 3.9 0 0.0 2 8.0
Near the tightest level 1 2.0 1 3.8 0 0.0
Total 51 100 26 100 25 100

b. Government residential mortgage loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 4 8.0 3 12.0 1 4.0
Near the midpoint 33 66.0 17 68.0 16 64.0
Somewhat tighter than the midpoint 11 22.0 4 16.0 7 28.0
Significantly tighter than the midpoint 1 2.0 0 0.0 1 4.0
Near the tightest level 1 2.0 1 4.0 0 0.0
Total 50 100 25 100 25 100

c. Jumbo residential mortgage loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 4 7.5 2 7.1 2 8.0
Near the midpoint 27 50.9 15 53.6 12 48.0
Somewhat tighter than the midpoint 17 32.1 8 28.6 9 36.0
Significantly tighter than the midpoint 3 5.7 2 7.1 1 4.0
Near the tightest level 2 3.8 1 3.6 1 4.0
Total 53 100 28 100 25 100

d. Revolving home equity lines of credit

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 2 4.2 1 4.2 1 4.2
Near the midpoint 24 50.0 13 54.2 11 45.8
Somewhat tighter than the midpoint 17 35.4 6 25.0 11 45.8
Significantly tighter than the midpoint 2 4.2 2 8.3 0 0.0
Near the tightest level 3 6.2 2 8.3 1 4.2
Total 48 100 24 100 24 100

D. Consumer lending (please use your bank's own categorization for credit quality segments):

a. Credit card loans or lines of credit to prime borrowers

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 2 4.2 2 6.9 0 0.0
Near the midpoint 26 54.2 14 48.3 12 63.2
Somewhat tighter than the midpoint 15 31.2 9 31.0 6 31.6
Significantly tighter than the midpoint 2 4.2 1 3.4 1 5.3
Near the tightest level 3 6.2 3 10.3 0 0.0
Total 48 100 29 100 19 100

b. Credit card loans or lines of credit to subprime borrowers

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 0 0.0 0 0.0 0 0.0
Near the midpoint 16 40.0 9 39.1 7 41.2
Somewhat tighter than the midpoint 11 27.5 6 26.1 5 29.4
Significantly tighter than the midpoint 6 15.0 2 8.7 4 23.5
Near the tightest level 7 17.5 6 26.1 1 5.9
Total 40 100 23 100 17 100

c. Auto loans to prime borrowers

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 1 2.1 1 4.3 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 4 8.5 2 8.7 2 8.3
Near the midpoint 31 66.0 14 60.9 17 70.8
Somewhat tighter than the midpoint 6 12.8 3 13.0 3 12.5
Significantly tighter than the midpoint 1 2.1 0 0.0 1 4.2
Near the tightest level 4 8.5 3 13.0 1 4.2
Total 47 100 23 100 24 100

d. Auto loans to subprime borrowers

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 0 0.0 0 0.0 0 0.0
Near the midpoint 16 44.4 7 41.2 9 47.4
Somewhat tighter than the midpoint 9 25.0 3 17.6 6 31.6
Significantly tighter than the midpoint 2 5.6 1 5.9 1 5.3
Near the tightest level 9 25.0 6 35.3 3 15.8
Total 36 100 17 100 19 100

e. Consumer loans other than credit card and auto loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Near the easiest level 0 0.0 0 0.0 0 0.0
Significantly easier than the midpoint 0 0.0 0 0.0 0 0.0
Somewhat easier than the midpoint 3 6.1 2 8.0 1 4.2
Near the midpoint 25 51.0 12 48.0 13 54.2
Somewhat tighter than the midpoint 16 32.7 8 32.0 8 33.3
Significantly tighter than the midpoint 2 4.1 0 0.0 2 8.3
Near the tightest level 3 6.1 3 12.0 0 0.0
Total 49 100 25 100 24 100

Question 28 asks how your bank expects its lending standards for select categories of C&I, CRE, residential real estate, and consumer loans to change over the second half of 2023. Question 29 asks about the reasons why your bank expects lending standards to change.

28. Assuming that economic activity progresses in line with consensus forecasts, how does your bank expect its lending standards for the following loan categories to change over the second half of 2023 compared to its current standards, apart from normal seasonal variation? (Please refer to the definitions of large and middle-market firms suggested in question 1. If your bank defines firm size differently from the categories suggested in question 1, please use your definitions.)

A. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for C&I loans or credit lines to large and middle-market firms to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 2 3.2 1 3.0 1 3.4
Tighten somewhat 23 37.1 11 33.3 12 41.4
Remain basically unchanged 36 58.1 20 60.6 16 55.2
Ease somewhat 1 1.6 1 3.0 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 62 100 33 100 29 100

For this question, 1 respondent answered "My bank does not originate C&I loans or credit lines to large and middle-market firms"

B. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for C&I loans or credit lines to small firms to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 3 5.1 2 6.7 1 3.4
Tighten somewhat 23 39.0 9 30.0 14 48.3
Remain basically unchanged 32 54.2 18 60.0 14 48.3
Ease somewhat 1 1.7 1 3.3 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 59 100 30 100 29 100

For this question, 3 respondents answered "My bank does not originate C&I loans or credit lines to small firms"

C. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for construction and land development loans or credit lines to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 11 18.0 6 18.8 5 17.2
Tighten somewhat 22 36.1 8 25.0 14 48.3
Remain basically unchanged 28 45.9 18 56.2 10 34.5
Ease somewhat 0 0.0 0 0.0 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 61 100 32 100 29 100

For this question, 1 respondent answered "My bank does not originate construction and land development loans or credit lines"

D. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for loans secured by nonfarm nonresidential properties to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 10 16.7 7 22.6 3 10.3
Tighten somewhat 21 35.0 7 22.6 14 48.3
Remain basically unchanged 29 48.3 17 54.8 12 41.4
Ease somewhat 0 0.0 0 0.0 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 60 100 31 100 29 100

For this question, 2 respondents answered "My bank does not originate loans secured by nonfarm nonresidential properties"

E. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for loans secured by multifamily residential properties to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 5 8.3 2 6.5 3 10.3
Tighten somewhat 21 35.0 9 29.0 12 41.4
Remain basically unchanged 34 56.7 20 64.5 14 48.3
Ease somewhat 0 0.0 0 0.0 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 60 100 31 100 29 100

For this question, 3 respondents answered "My bank does not originate loans secured by multifamily residential properties"

F. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for GSE-eligible residential mortgage loans to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 0 0.0 0 0.0 0 0.0
Tighten somewhat 6 11.3 3 11.5 3 11.1
Remain basically unchanged 47 88.7 23 88.5 24 88.9
Ease somewhat 0 0.0 0 0.0 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 53 100 26 100 27 100

For this question, 8 respondents answered "My bank does not originate GSE-eligible residential mortgage loans"

G. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for nonconforming jumbo residential mortgage loans to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 3 5.7 1 3.6 2 8.0
Tighten somewhat 12 22.6 6 21.4 6 24.0
Remain basically unchanged 38 71.7 21 75.0 17 68.0
Ease somewhat 0 0.0 0 0.0 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 53 100 28 100 25 100

For this question, 8 respondents answered "My bank does not originate nonconforming jumbo residential mortgage loans"

H. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for credit card loans to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 1 2.3 1 3.8 0 0.0
Tighten somewhat 20 45.5 12 46.2 8 44.4
Remain basically unchanged 22 50.0 12 46.2 10 55.6
Ease somewhat 1 2.3 1 3.8 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 44 100 26 100 18 100

For this question, 18 respondents answered "My bank does not originate credit card loans"

I. Compared to my bank's current lending standards, over the second half of 2023, my bank expects its lending standards for approving applications for auto loans to:

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tighten considerably 0 0.0 0 0.0 0 0.0
Tighten somewhat 12 24.5 5 20.8 7 28.0
Remain basically unchanged 36 73.5 18 75.0 18 72.0
Ease somewhat 1 2.0 1 4.2 0 0.0
Ease considerably 0 0.0 0 0.0 0 0.0
Total 49 100 24 100 25 100

For this question, 13 respondents answered "My bank does not originate auto loans"

29. If your bank expects to tighten or ease its lending standards for any of the loan categories reported in question 28, how important are the following possible reasons for the expected change in standards over the second half of 2023? (Please respond to either A, B or both as appropriate.)

A. Possible reasons for expecting to tighten lending standards:

a. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 1 2.2 0 0.0 1 4.5
Somewhat important 20 44.4 8 34.8 12 54.5
Very important 24 53.3 15 65.2 9 40.9
Total 45 100 23 100 22 100

b. Expected deterioration in, or desire to improve, your banks capital position

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 23 53.5 10 43.5 13 65.0
Somewhat important 15 34.9 10 43.5 5 25.0
Very important 5 11.6 3 13.0 2 10.0
Total 43 100 23 100 20 100

c. Expected deterioration in, or desire to improve, your banks liquidity position

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 18 41.9 10 43.5 8 40.0
Somewhat important 18 41.9 10 43.5 8 40.0
Very important 7 16.3 3 13.0 4 20.0
Total 43 100 23 100 20 100

d. Expected deterioration in customers collateral values

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 22.7 4 17.4 6 28.6
Somewhat important 30 68.2 16 69.6 14 66.7
Very important 4 9.1 3 13.0 1 4.8
Total 44 100 23 100 21 100

e. Expected reduction in competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 33 75.0 21 91.3 12 57.1
Somewhat important 10 22.7 2 8.7 8 38.1
Very important 1 2.3 0 0.0 1 4.8
Total 44 100 23 100 21 100

f. Expected reduction in risk tolerance

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 17 39.5 9 39.1 8 40.0
Somewhat important 26 60.5 14 60.9 12 60.0
Very important 0 0.0 0 0.0 0 0.0
Total 43 100 23 100 20 100

g. Expected reduction in ease of selling loans in the secondary market

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 25 56.8 14 60.9 11 52.4
Somewhat important 17 38.6 7 30.4 10 47.6
Very important 2 4.5 2 8.7 0 0.0
Total 44 100 23 100 21 100

h. Expected deterioration in credit quality of commercial real estate loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 19.0 3 13.6 5 25.0
Somewhat important 23 54.8 11 50.0 12 60.0
Very important 11 26.2 8 36.4 3 15.0
Total 42 100 22 100 20 100

i. Expected deterioration in credit quality of loans other than commercial real estate loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 30.2 4 19.0 9 40.9
Somewhat important 26 60.5 14 66.7 12 54.5
Very important 4 9.3 3 14.3 1 4.5
Total 43 100 21 100 22 100

j. Increased concerns about deposit outflows at your bank

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 20 46.5 11 47.8 9 45.0
Somewhat important 20 46.5 11 47.8 9 45.0
Very important 3 7.0 1 4.3 2 10.0
Total 43 100 23 100 20 100

k. Increased concerns about declines in the market value of your banks fixed-income assets

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 33 76.7 18 78.3 15 75.0
Somewhat important 9 20.9 4 17.4 5 25.0
Very important 1 2.3 1 4.3 0 0.0
Total 43 100 23 100 20 100

l. Increased concerns about your banks funding costs

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 30.2 6 26.1 7 35.0
Somewhat important 21 48.8 12 52.2 9 45.0
Very important 9 20.9 5 21.7 4 20.0
Total 43 100 23 100 20 100

m. Increased concerns about the adverse effects of future legislative changes, supervisory actions, or changes in accounting standards

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 17 38.6 8 34.8 9 42.9
Somewhat important 19 43.2 11 47.8 8 38.1
Very important 8 18.2 4 17.4 4 19.0
Total 44 100 23 100 21 100

B. Possible reasons for expecting to ease lending standards:

a. More favorable or less uncertain economic outlook

Responses are not reported when the number of respondents is 3 or fewer.

b. Expected improvement in your banks capital position

Responses are not reported when the number of respondents is 3 or fewer.

c. Expected improvement in your banks liquidity position

Responses are not reported when the number of respondents is 3 or fewer.

d. Expected improvement in customers collateral values

Responses are not reported when the number of respondents is 3 or fewer.

e. Expected increase in competition from other banks or nonbank lenders

Responses are not reported when the number of respondents is 3 or fewer.

f. Expected increase in risk tolerance

Responses are not reported when the number of respondents is 3 or fewer.

g. Expected increase in ease of selling loans in the secondary market

Responses are not reported when the number of respondents is 3 or fewer.

h. Expected improvement in credit quality of commercial real estate loans

Responses are not reported when the number of respondents is 3 or fewer.

i. Expected improvement in credit quality of loans other than commercial real estate loans

Responses are not reported when the number of respondents is 3 or fewer.

j. Reduced concerns about deposit outflows at your bank

Responses are not reported when the number of respondents is 3 or fewer.

k. Reduced concerns about declines in the market value of your banks fixed-income assets

Responses are not reported when the number of respondents is 3 or fewer.

l. Reduced concerns about your banks funding costs

Responses are not reported when the number of respondents is 3 or fewer.

m. Reduced concerns about the adverse effects of future legislative changes, supervisory actions, or changes in accounting standards

Responses are not reported when the number of respondents is 3 or fewer.

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 $50 billion or more as of March 31, 2023. The combined assets of the 35 large banks totaled $14.2 trillion, compared to $14.9 trillion for the entire panel of 66 banks, and $20.5 trillion for all domestically chartered, federally insured commercial banks. Return to text

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Last Update: July 31, 2023