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Senior Loan Officer Opinion Survey on Bank Lending Practices
April 2016

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 2016)

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 2 2.9 2 4.8 0 0.0
Tightened somewhat 7 10.1 6 14.3 1 3.7
Remained basically unchanged 59 85.5 33 78.6 26 96.3
Eased somewhat 1 1.4 1 2.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 42 100.0 27 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 7.2 4 9.8 1 3.6
Remained basically unchanged 63 91.3 36 87.8 27 96.4
Eased somewhat 1 1.4 1 2.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 41 100.0 28 100.0

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 1 1.4 1 2.4 0 0.0
Tightened somewhat 8 11.6 7 16.7 1 3.7
Remained basically unchanged 54 78.3 30 71.4 24 88.9
Eased somewhat 6 8.7 4 9.5 2 7.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 42 100.0 27 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.3 2 4.8 1 3.7
Remained basically unchanged 62 89.9 38 90.5 24 88.9
Eased somewhat 4 5.8 2 4.8 2 7.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 42 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 7.2 5 11.9 0 0.0
Remained basically unchanged 59 85.5 34 81.0 25 92.6
Eased somewhat 5 7.2 3 7.1 2 7.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 42 100.0 27 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 11 15.9 9 21.4 2 7.4
Remained basically unchanged 45 65.2 27 64.3 18 66.7
Eased somewhat 12 17.4 6 14.3 6 22.2
Eased considerably 1 1.4 0 0.0 1 3.7
Total 69 100.0 42 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 12 17.4 9 21.4 3 11.1
Remained basically unchanged 54 78.3 32 76.2 22 81.5
Eased somewhat 3 4.3 1 2.4 2 7.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 42 100.0 27 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.4 1 2.4 0 0.0
Tightened somewhat 9 13.0 6 14.3 3 11.1
Remained basically unchanged 55 79.7 32 76.2 23 85.2
Eased somewhat 4 5.8 3 7.1 1 3.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 42 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 6 8.7 5 11.9 1 3.7
Remained basically unchanged 60 87.0 35 83.3 25 92.6
Eased somewhat 3 4.3 2 4.8 1 3.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 42 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 10.3 7 17.1 0 0.0
Remained basically unchanged 52 76.5 31 75.6 21 77.8
Eased somewhat 4 5.9 1 2.4 3 11.1
Eased considerably 5 7.4 2 4.9 3 11.1
Total 68 100.0 41 100.0 27 100.0

 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 3.6
Remained basically unchanged 65 95.6 39 97.5 26 92.9
Eased somewhat 2 2.9 1 2.5 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 40 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.9 1 2.5 1 3.6
Remained basically unchanged 62 91.2 36 90.0 26 92.9
Eased somewhat 4 5.9 3 7.5 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 40 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 0 0.0 1 3.6
Remained basically unchanged 65 95.6 39 97.5 26 92.9
Eased somewhat 2 2.9 1 2.5 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 40 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 7.4 2 5.0 3 10.7
Remained basically unchanged 55 80.9 34 85.0 21 75.0
Eased somewhat 7 10.3 4 10.0 3 10.7
Eased considerably 1 1.5 0 0.0 1 3.6
Total 68 100.0 40 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 9 13.2 6 15.0 3 10.7
Remained basically unchanged 56 82.4 33 82.5 23 82.1
Eased somewhat 3 4.4 1 2.5 2 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 40 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 6 8.8 4 10.0 2 7.1
Remained basically unchanged 57 83.8 33 82.5 24 85.7
Eased somewhat 5 7.4 3 7.5 2 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 40 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.9 2 5.0 2 7.1
Remained basically unchanged 62 91.2 37 92.5 25 89.3
Eased somewhat 2 2.9 1 2.5 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 40 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.5 3 7.7 0 0.0
Remained basically unchanged 54 80.6 33 84.6 21 75.0
Eased somewhat 5 7.5 1 2.6 4 14.3
Eased considerably 5 7.5 2 5.1 3 10.7
Total 67 100.0 39 100.0 28 100.0

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 23 92.0 18 90.0 5 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 2 8.0 2 10.0 0 0.0
Total 25 100.0 20 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 28.0 6 30.0 1 20.0
Somewhat important 10 40.0 7 35.0 3 60.0
Very important 8 32.0 7 35.0 1 20.0
Total 25 100.0 20 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 8 32.0 6 30.0 2 40.0
Somewhat important 9 36.0 7 35.0 2 40.0
Very important 8 32.0 7 35.0 1 20.0
Total 25 100.0 20 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 19 76.0 15 75.0 4 80.0
Somewhat important 5 20.0 4 20.0 1 20.0
Very important 1 4.0 1 5.0 0 0.0
Total 25 100.0 20 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 60.0 12 60.0 3 60.0
Somewhat important 7 28.0 6 30.0 1 20.0
Very important 3 12.0 2 10.0 1 20.0
Total 25 100.0 20 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 20 80.0 15 75.0 5 100.0
Somewhat important 3 12.0 3 15.0 0 0.0
Very important 2 8.0 2 10.0 0 0.0
Total 25 100.0 20 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 23 92.0 18 90.0 5 100.0
Somewhat important 1 4.0 1 5.0 0 0.0
Very important 1 4.0 1 5.0 0 0.0
Total 25 100.0 20 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 62.5 11 57.9 4 80.0
Somewhat important 4 16.7 4 21.1 0 0.0
Very important 5 20.8 4 21.1 1 20.0
Total 24 100.0 19 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 19 90.5 11 84.6 8 100.0
Somewhat important 2 9.5 2 15.4 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 21 100.0 13 100.0 8 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 68.2 10 76.9 5 55.6
Somewhat important 5 22.7 2 15.4 3 33.3
Very important 2 9.1 1 7.7 1 11.1
Total 22 100.0 13 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 18 81.8 11 84.6 7 77.8
Somewhat important 4 18.2 2 15.4 2 22.2
Very important 0 0.0 0 0.0 0 0.0
Total 22 100.0 13 100.0 9 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 21.7 3 21.4 2 22.2
Somewhat important 10 43.5 6 42.9 4 44.4
Very important 8 34.8 5 35.7 3 33.3
Total 23 100.0 14 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 63.6 10 76.9 4 44.4
Somewhat important 8 36.4 3 23.1 5 55.6
Very important 0 0.0 0 0.0 0 0.0
Total 22 100.0 13 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 18 81.8 10 76.9 8 88.9
Somewhat important 4 18.2 3 23.1 1 11.1
Very important 0 0.0 0 0.0 0 0.0
Total 22 100.0 13 100.0 9 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 18 81.8 10 76.9 8 88.9
Somewhat important 3 13.6 2 15.4 1 11.1
Very important 1 4.5 1 7.7 0 0.0
Total 22 100.0 13 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 19 90.5 11 91.7 8 88.9
Somewhat important 2 9.5 1 8.3 1 11.1
Very important 0 0.0 0 0.0 0 0.0
Total 21 100.0 12 100.0 9 100.0

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 14 20.3 9 21.4 5 18.5
About the same 35 50.7 17 40.5 18 66.7
Moderately weaker 20 29.0 16 38.1 4 14.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 69 100.0 42 100.0 27 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 10 14.7 5 12.5 5 17.9
About the same 46 67.6 26 65.0 20 71.4
Moderately weaker 12 17.6 9 22.5 3 10.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 68 100.0 40 100.0 28 100.0

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 8 50.0 7 63.6 1 20.0
Somewhat important 8 50.0 4 36.4 4 80.0
Very important 0 0.0 0 0.0 0 0.0
Total 16 100.0 11 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 43.8 7 63.6 0 0.0
Somewhat important 7 43.8 3 27.3 4 80.0
Very important 2 12.5 1 9.1 1 20.0
Total 16 100.0 11 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 37.5 5 45.5 1 20.0
Somewhat important 9 56.3 5 45.5 4 80.0
Very important 1 6.3 1 9.1 0 0.0
Total 16 100.0 11 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 81.3 10 90.9 3 60.0
Somewhat important 3 18.8 1 9.1 2 40.0
Very important 0 0.0 0 0.0 0 0.0
Total 16 100.0 11 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 75.0 8 72.7 4 80.0
Somewhat important 2 12.5 1 9.1 1 20.0
Very important 2 12.5 2 18.2 0 0.0
Total 16 100.0 11 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 41.2 5 41.7 2 40.0
Somewhat important 4 23.5 2 16.7 2 40.0
Very important 6 35.3 5 41.7 1 20.0
Total 17 100.0 12 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 70.6 8 66.7 4 80.0
Somewhat important 3 17.6 2 16.7 1 20.0
Very important 2 11.8 2 16.7 0 0.0
Total 17 100.0 12 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 45.0 8 47.1 1 33.3
Somewhat important 10 50.0 8 47.1 2 66.7
Very important 1 5.0 1 5.9 0 0.0
Total 20 100.0 17 100.0 3 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 10 50.0 8 47.1 2 66.7
Somewhat important 10 50.0 9 52.9 1 33.3
Very important 0 0.0 0 0.0 0 0.0
Total 20 100.0 17 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 25.0 5 29.4 0 0.0
Somewhat important 10 50.0 7 41.2 3 100.0
Very important 5 25.0 5 29.4 0 0.0
Total 20 100.0 17 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 65.0 12 70.6 1 33.3
Somewhat important 5 25.0 4 23.5 1 33.3
Very important 2 10.0 1 5.9 1 33.3
Total 20 100.0 17 100.0 3 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 8 38.1 8 44.4 0 0.0
Somewhat important 8 38.1 6 33.3 2 66.7
Very important 5 23.8 4 22.2 1 33.3
Total 21 100.0 18 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 75.0 12 70.6 3 100.0
Somewhat important 2 10.0 2 11.8 0 0.0
Very important 3 15.0 3 17.6 0 0.0
Total 20 100.0 17 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 70.0 12 70.6 2 66.7
Somewhat important 4 20.0 3 17.6 1 33.3
Very important 2 10.0 2 11.8 0 0.0
Total 20 100.0 17 100.0 3 100.0

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 13 18.6 9 21.4 4 14.3
The number of inquiries has stayed about the same 41 58.6 20 47.6 21 75.0
The number of inquiries has decreased moderately 16 22.9 13 31.0 3 10.7
The number of inquiries has decreased substantially 0 0.0 0 0.0 0 0.0
Total 70 100.0 42 100.0 28 100.0

Over the past year, declines in oil prices may have led to strains in firms involved in oil and natural gas drilling/extraction and in the companies that provide support to those firms. Question 7 asks you to indicate what fraction of C&I loans held on your bank's books were made to firms in the oil and natural gas drilling/extraction sector. Question 8 asks about your outlook for delinquencies and charge-offs on such loans. Question 9 asks about changes in lending policies made by your bank in response to developments in the oil and natural gas drilling/extraction sector. Question 10 asks about possible spillover effects from declines in energy commodity prices and associated declines in energy sector activities to other loan types.

7. Approximately what fraction of C&I loans currently outstanding on your bank's books were made to firms in the oil and natural gas drilling/extraction sector?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
More than 20 percent 1 1.7 1 2.6 0 0.0
More than 10 percent but less than 20 percent 7 11.7 4 10.3 3 14.3
More than 5 percent but less than 10 percent 9 15.0 7 17.9 2 9.5
More than 1 percent but less than 5 percent 20 33.3 17 43.6 3 14.3
Less than 1 percent 23 38.3 10 25.6 13 61.9
Total 60 100.0 39 100.0 21 100.0

8. Assuming that economic activity progresses in line with consensus forecasts, and energy commodity prices evolve in line with current futures prices, what is your outlook for delinquencies and charge-offs on your bank's existing loans to firms in the oil and natural gas drilling/extraction sector over the remainder of 2016?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 1 1.7 0 0.0 1 4.8
Loan quality is likely to remain around current levels 20 33.3 8 20.5 12 57.1
Loan quality is likely to deteriorate somewhat 35 58.3 27 69.2 8 38.1
Loan quality is likely to deteriorate substantially 4 6.7 4 10.3 0 0.0
Total 60 100.0 39 100.0 21 100.0

9. Please indicate how important each of the following actions have been in your bank's efforts to mitigate risks of loan losses from loans made to firms in the oil and natural gas drilling/extraction sector over the past year.

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 11 19.6 6 15.8 5 27.8
Somewhat important 18 32.1 10 26.3 8 44.4
Very important 27 48.2 22 57.9 5 27.8
Total 56 100.0 38 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 29 51.8 19 50.0 10 55.6
Somewhat important 16 28.6 11 28.9 5 27.8
Very important 11 19.6 8 21.1 3 16.7
Total 56 100.0 38 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 21.4 4 10.5 8 44.4
Somewhat important 26 46.4 21 55.3 5 27.8
Very important 18 32.1 13 34.2 5 27.8
Total 56 100.0 38 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 16.1 6 15.8 3 16.7
Somewhat important 29 51.8 20 52.6 9 50.0
Very important 18 32.1 12 31.6 6 33.3
Total 56 100.0 38 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 16 28.6 6 15.8 10 55.6
Somewhat important 16 28.6 10 26.3 6 33.3
Very important 24 42.9 22 57.9 2 11.1
Total 56 100.0 38 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 39 69.6 26 68.4 13 72.2
Somewhat important 12 21.4 8 21.1 4 22.2
Very important 5 8.9 4 10.5 1 5.6
Total 56 100.0 38 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 42 75.0 25 65.8 17 94.4
Somewhat important 9 16.1 9 23.7 0 0.0
Very important 5 8.9 4 10.5 1 5.6
Total 56 100.0 38 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 53.8 8 61.5 6 46.2
Somewhat important 4 15.4 2 15.4 2 15.4
Very important 8 30.8 3 23.1 5 38.5
Total 26 100.0 13 100.0 13 100.0

10. If your bank has other loans outstanding to businesses or households located in regions of the United States that are dependent on the energy sector, how has the credit quality of the loans to customers in those regions changed as a result of the decline in energy commodity prices and associated declines in energy sector activities over the past year?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Credit quality has improved substantially 0 0.0 0 0.0 0 0.0
Credit quality improved somewhat 1 1.8 0 0.0 1 5.3
Credit quality remained about unchanged 40 70.2 27 71.1 13 68.4
Credit quality deteriorated somewhat 16 28.1 11 28.9 5 26.3
Credit quality deteriorated substantially 0 0.0 0 0.0 0 0.0
Total 57 100.0 38 100.0 19 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Credit quality has improved substantially 0 0.0 0 0.0 0 0.0
Credit quality improved somewhat 3 5.4 2 5.6 1 5.0
Credit quality remained about unchanged 43 76.8 27 75.0 16 80.0
Credit quality deteriorated somewhat 9 16.1 7 19.4 2 10.0
Credit quality deteriorated substantially 1 1.8 0 0.0 1 5.0
Total 56 100.0 36 100.0 20 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Credit quality has improved substantially 0 0.0 0 0.0 0 0.0
Credit quality improved somewhat 1 2.0 0 0.0 1 5.3
Credit quality remained about unchanged 45 88.2 30 93.8 15 78.9
Credit quality deteriorated somewhat 5 9.8 2 6.3 3 15.8
Credit quality deteriorated substantially 0 0.0 0 0.0 0 0.0
Total 51 100.0 32 100.0 19 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Credit quality has improved substantially 0 0.0 0 0.0 0 0.0
Credit quality improved somewhat 0 0.0 0 0.0 0 0.0
Credit quality remained about unchanged 39 75.0 26 78.8 13 68.4
Credit quality deteriorated somewhat 12 23.1 7 21.2 5 26.3
Credit quality deteriorated substantially 1 1.9 0 0.0 1 5.3
Total 52 100.0 33 100.0 19 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Credit quality has improved substantially 0 0.0 0 0.0 0 0.0
Credit quality improved somewhat 0 0.0 0 0.0 0 0.0
Credit quality remained about unchanged 39 84.8 26 86.7 13 81.3
Credit quality deteriorated somewhat 7 15.2 4 13.3 3 18.8
Credit quality deteriorated substantially 0 0.0 0 0.0 0 0.0
Total 46 100.0 30 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Credit quality has improved substantially 0 0.0 0 0.0 0 0.0
Credit quality improved somewhat 0 0.0 0 0.0 0 0.0
Credit quality remained about unchanged 42 85.7 28 93.3 14 73.7
Credit quality deteriorated somewhat 7 14.3 2 6.7 5 26.3
Credit quality deteriorated substantially 0 0.0 0 0.0 0 0.0
Total 49 100.0 30 100.0 19 100.0

Questions 11-16 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.

11. 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 RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 2.9 2 4.9 0 0.0
Tightened somewhat 15 21.7 12 29.3 3 10.7
Remained basically unchanged 52 75.4 27 65.9 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 69 100.0 41 100.0 28 100.0

12. 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 RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 8 11.6 7 17.1 1 3.6
Remained basically unchanged 61 88.4 34 82.9 27 96.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 41 100.0 28 100.0

13. 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 RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 2.9 2 4.9 0 0.0
Tightened somewhat 23 33.3 17 41.5 6 21.4
Remained basically unchanged 44 63.8 22 53.7 22 78.6
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 41 100.0 28 100.0

14. 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 RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 17 25.0 10 25.0 7 25.0
About the same 43 63.2 24 60.0 19 67.9
Moderately weaker 8 11.8 6 15.0 2 7.1
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 68 100.0 40 100.0 28 100.0

15. 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 RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 11 15.9 9 22.0 2 7.1
About the same 56 81.2 30 73.2 26 92.9
Moderately weaker 2 2.9 2 4.9 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 69 100.0 41 100.0 28 100.0

16. 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 RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 13 19.1 7 17.5 6 21.4
About the same 48 70.6 28 70.0 20 71.4
Moderately weaker 6 8.8 4 10.0 2 7.1
Substantially weaker 1 1.5 1 2.5 0 0.0
Total 68 100.0 40 100.0 28 100.0

Questions 17-18 ask about how your bank has changed its lending policies on CRE loans over the past year.

17. Over the past year, how has your bank changed the following policies on CRE loans?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.7 3 7.1 1 3.6
Remained basically unchanged 55 78.6 30 71.4 25 89.3
Eased somewhat 11 15.7 9 21.4 2 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 42 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.7 2 4.8 2 7.1
Remained basically unchanged 59 84.3 36 85.7 23 82.1
Eased somewhat 7 10.0 4 9.5 3 10.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 42 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 16 22.9 14 33.3 2 7.1
Remained basically unchanged 37 52.9 18 42.9 19 67.9
Eased somewhat 17 24.3 10 23.8 7 25.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 42 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.4 1 2.4 0 0.0
Tightened somewhat 9 12.9 4 9.5 5 17.9
Remained basically unchanged 58 82.9 36 85.7 22 78.6
Eased somewhat 2 2.9 1 2.4 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 42 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.4 1 2.4 0 0.0
Tightened somewhat 6 8.6 4 9.5 2 7.1
Remained basically unchanged 62 88.6 37 88.1 25 89.3
Eased somewhat 1 1.4 0 0.0 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 42 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 6 8.6 4 9.5 2 7.1
Remained basically unchanged 56 80.0 34 81.0 22 78.6
Eased somewhat 8 11.4 4 9.5 4 14.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 42 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 10.1 4 9.8 3 10.7
Remained basically unchanged 54 78.3 33 80.5 21 75.0
Eased somewhat 8 11.6 4 9.8 4 14.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 41 100.0 28 100.0

18. If your bank has tightened or eased its credit policies on CRE loans over the past year (as described in question 17), please select the 4 most important reasons among all the possible reasons listed below and rank them in order of importance. (Please respond to either A, B, or both as appropriate and rank the 4 most important reasons using a scale ranging from 4=the most important to 1=the least important.)

 All Respondents Large Banks Other Banks
Mean Mean Mean
Less favorable or more uncertain outlook for CRE property prices 2.4 2.5 2.1
Less favorable or more uncertain outlook for vacancy rates or other fundamentals on CRE properties 2.8 3.1 2.1
Less favorable or more uncertain capitalization rates (the ratio of current net operating income to the original sale price or current market value) on CRE properties 2.6 2.8 2.1
Less aggressive competition from other banks or nonbank financial institutions (other financial intermediaries or the capital markets) 1.6 1.8 1.0
Reduced tolerance for risk 2.6 2.4 3.0
Decreased ability to securitize CRE loans 1.2 1.3 1.0
Increased concerns about capital adequacy, liquidity position, or regulation more broadly 1.8 1.9 1.7
Other 3.8 3.5 4.0
Number of respondents 32 21 11

 All Respondents Large Banks Other Banks
Mean Mean Mean
More favorable or less uncertain outlook for CRE property prices 1.8 1.6 2.0
More favorable or less uncertain outlook for vacancy rates or other fundamentals on CRE properties 2.4 2.1 2.8
More favorable or less uncertain capitalization rates (the ratio of current net operating income to the original sale price or current market value) on CRE properties 1.9 2.0 1.8
More aggressive competition from other banks or non-bank lenders (other financial intermediaries or the capital markets) 3.4 3.3 3.5
Increased tolerance for risk 2.2 2.2 2.2
Increased ability to securitize CRE loans 1.2 1.0 1.3
Decreased concerns about capital adequacy, liquidity position, or regulation more broadly 1.3 1.2 1.5
Other 2.4 2.8 1.0
Number of respondents 24 14 10

Yields on commercial mortgage-backed securities (CMBS) have increased considerably over the last six months. At the same time, outstanding CRE loans held on banks' books have continued to grow robustly in aggregate, according to the Federal Reserve's weekly H.8 statistical release, "Assets and Liabilities of Commercial Banks in the United States." Questions 19-23 ask how your bank's lending policies and practices regarding CRE loans have been affected by recent conditions in the CMBS market and by activities of nonbank financial institutions.

19. How have conditions in the CMBS market affected the volume of CRE loan originations by your bank over the past six months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Led to a substantial decrease 0 0.0 0 0.0 0 0.0
Led to a moderate decrease 6 8.8 5 12.2 1 3.7
Led to no change 49 72.1 26 63.4 23 85.2
Led to a moderate increase 13 19.1 10 24.4 3 11.1
Led to a substantial increase 0 0.0 0 0.0 0 0.0
Total 68 100.0 41 100.0 27 100.0

20. How have conditions in the CMBS market affected the volume of CRE loan securitizations by your bank over the past six months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Led to a substantial decrease 2 7.7 2 16.7 0 0.0
Led to a moderate decrease 5 19.2 4 33.3 1 7.1
Led to no change 19 73.1 6 50.0 13 92.9
Led to a moderate increase 0 0.0 0 0.0 0 0.0
Led to a substantial increase 0 0.0 0 0.0 0 0.0
Total 26 100.0 12 100.0 14 100.0

21. Apart from normal seasonal variation, how has demand for loans or lines of credit from nonbank financial institutions, used to fund their CRE loan pipelines prior to securitization, changed over the past six 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 RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Somewhat stronger 3 13.6 3 20.0 0 0.0
About the same 17 77.3 10 66.7 7 100.0
Somewhat weaker 2 9.1 2 13.3 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 22 100.0 15 100.0 7 100.0

22. How have your bank’s credit standards for approving applications for loans or lines of credit to nonbank financial institutions, used to fund their CRE loan pipelines prior to securitization, changed over the past six months? (Please consider applications for new spot loans, and for new or increased credit lines.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 13.6 3 20.0 0 0.0
Remained basically unchanged 19 86.4 12 80.0 7 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 22 100.0 15 100.0 7 100.0

23. In the next six months, a large amount of CRE loans originated in 2006 and currently held in CMBS will need to be refinanced. Assuming economic activity progresses in line with consensus forecasts, how are the standards that your bank would apply to such CRE loans different from those that you expect to apply to other CRE loans?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Considerably tighter 0 0.0 0 0.0 0 0.0
Somewhat tighter 8 12.1 6 14.6 2 8.0
About the same 57 86.4 34 82.9 23 92.0
Somewhat easier 0 0.0 0 0.0 0 0.0
Considerably easier 0 0.0 0 0.0 0 0.0
Total 66 100.0 41 100.0 25 100.0

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 24-25 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:

Question 24 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 25 deals with changes in demand for loans in each of the seven loan categories over the past three months.

24. 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.)

 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 3.7
Remained basically unchanged 53 85.5 29 82.9 24 88.9
Eased somewhat 8 12.9 6 17.1 2 7.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 35 100.0 27 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.6 0 0.0 2 8.0
Remained basically unchanged 51 92.7 29 96.7 22 88.0
Eased somewhat 2 3.6 1 3.3 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 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 94.7 29 90.6 25 100.0
Eased somewhat 3 5.3 3 9.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100.0 32 100.0 25 100.0

 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 56 93.3 31 91.2 25 96.2
Eased somewhat 4 6.7 3 8.8 1 3.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100.0 34 100.0 26 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.7 0 0.0 1 4.2
Remained basically unchanged 54 91.5 33 94.3 21 87.5
Eased somewhat 4 6.8 2 5.7 2 8.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100.0 35 100.0 24 100.0

 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 53 94.6 32 94.1 21 95.5
Eased somewhat 3 5.4 2 5.9 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 34 100.0 22 100.0
Responses are not reported when the number of respondents is 3 or fewer.

25. 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.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 22 35.5 13 37.1 9 33.3
About the same 34 54.8 19 54.3 15 55.6
Moderately weaker 6 9.7 3 8.6 3 11.1
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 62 100.0 35 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 13 23.6 6 20.0 7 28.0
About the same 37 67.3 21 70.0 16 64.0
Moderately weaker 5 9.1 3 10.0 2 8.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 1 1.7 1 3.1 0 0.0
Moderately stronger 12 20.7 5 15.6 7 26.9
About the same 43 74.1 26 81.3 17 65.4
Moderately weaker 2 3.4 0 0.0 2 7.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 58 100.0 32 100.0 26 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 3 5.0 2 5.9 1 3.8
Moderately stronger 14 23.3 10 29.4 4 15.4
About the same 40 66.7 21 61.8 19 73.1
Moderately weaker 3 5.0 1 2.9 2 7.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 60 100.0 34 100.0 26 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 1 1.7 1 2.9 0 0.0
Moderately stronger 10 16.9 7 20.0 3 12.5
About the same 44 74.6 25 71.4 19 79.2
Moderately weaker 4 6.8 2 5.7 2 8.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 59 100.0 35 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 1 1.9 1 3.0 0 0.0
Moderately stronger 6 11.1 5 15.2 1 4.8
About the same 43 79.6 25 75.8 18 85.7
Moderately weaker 4 7.4 2 6.1 2 9.5
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 54 100.0 33 100.0 21 100.0
Responses are not reported when the number of respondents is 3 or fewer.

Questions 26-27 ask about revolving home equity lines of credit at your bank. Question 26 deals with changes in your bank's credit standards over the past three months. Question 27 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.

26. 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 1 1.5 1 2.6 0 0.0
Remained basically unchanged 61 92.4 35 89.7 26 96.3
Eased somewhat 4 6.1 3 7.7 1 3.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 66 100.0 39 100.0 27 100.0

27. 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 18 27.3 12 30.8 6 22.2
About the same 37 56.1 20 51.3 17 63.0
Moderately weaker 11 16.7 7 17.9 4 14.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 66 100.0 39 100.0 27 100.0

Questions 28-37 ask about consumer lending at your bank. Question 28 deals with changes in your bank's willingness to make consumer loans over the past three months. Questions 29-34 deal with changes in credit standards and loan terms over the same period. Questions 35-37deal 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.

28. 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 1 1.5 1 2.7 0 0.0
Somewhat more willing 9 13.8 5 13.5 4 14.3
About unchanged 54 83.1 31 83.8 23 82.1
Somewhat less willing 1 1.5 0 0.0 1 3.6
Much less willing 0 0.0 0 0.0 0 0.0
Total 65 100.0 37 100.0 28 100.0

29. 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 2 3.8 2 5.9 0 0.0
Remained basically unchanged 46 86.8 28 82.4 18 94.7
Eased somewhat 4 7.5 3 8.8 1 5.3
Eased considerably 1 1.9 1 2.9 0 0.0
Total 53 100.0 34 100.0 19 100.0

30. 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 5 8.2 5 14.7 0 0.0
Remained basically unchanged 49 80.3 23 67.6 26 96.3
Eased somewhat 7 11.5 6 17.6 1 3.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100.0 34 100.0 27 100.0

31. 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 2 3.1 1 2.8 1 3.6
Remained basically unchanged 56 87.5 31 86.1 25 89.3
Eased somewhat 6 9.4 4 11.1 2 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 36 100.0 28 100.0

32. 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 3 6.0 3 9.4 0 0.0
Remained basically unchanged 45 90.0 28 87.5 17 94.4
Eased somewhat 2 4.0 1 3.1 1 5.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 50 100.0 32 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 4.0 2 6.3 0 0.0
Remained basically unchanged 48 96.0 30 93.8 18 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 50 100.0 32 100.0 18 100.0

 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 50 100.0 32 100.0 18 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 50 100.0 32 100.0 18 100.0
 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 49 98.0 31 96.9 18 100.0
Eased somewhat 1 2.0 1 3.1 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 50 100.0 32 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 4.0 2 6.3 0 0.0
Remained basically unchanged 47 94.0 30 93.8 17 94.4
Eased somewhat 1 2.0 0 0.0 1 5.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 50 100.0 32 100.0 18 100.0

33. 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 1 1.6 1 2.9 0 0.0
Remained basically unchanged 59 95.2 32 91.4 27 100.0
Eased somewhat 2 3.2 2 5.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 35 100.0 27 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 11.3 6 17.1 1 3.7
Remained basically unchanged 49 79.0 24 68.6 25 92.6
Eased somewhat 6 9.7 5 14.3 1 3.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 35 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.2 2 5.7 0 0.0
Remained basically unchanged 60 96.8 33 94.3 27 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 35 100.0 27 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 6.5 3 8.6 1 3.7
Remained basically unchanged 55 88.7 29 82.9 26 96.3
Eased somewhat 3 4.8 3 8.6 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 35 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.8 2 5.7 1 3.7
Remained basically unchanged 59 95.2 33 94.3 26 96.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 35 100.0 27 100.0

34. 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 64 100.0 36 100.0 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 64 100.0 36 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 2 5.6 0 0.0
Remained basically unchanged 59 92.2 34 94.4 25 89.3
Eased somewhat 3 4.7 0 0.0 3 10.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 36 100.0 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 64 100.0 36 100.0 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 64 100.0 36 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 2 5.6 0 0.0
Remained basically unchanged 61 95.3 33 91.7 28 100.0
Eased somewhat 1 1.6 1 2.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 36 100.0 28 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 1 2.8 1 3.6
Remained basically unchanged 60 93.8 34 94.4 26 92.9
Eased somewhat 2 3.1 1 2.8 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100.0 36 100.0 28 100.0

35. 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 1 2.0 1 3.0 0 0.0
Moderately stronger 7 13.7 5 15.2 2 11.1
About the same 38 74.5 24 72.7 14 77.8
Moderately weaker 5 9.8 3 9.1 2 11.1
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 51 100.0 33 100.0 18 100.0

36. 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 1 1.6 1 2.9 0 0.0
Moderately stronger 14 23.0 7 20.6 7 25.9
About the same 42 68.9 22 64.7 20 74.1
Moderately weaker 4 6.6 4 11.8 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 61 100.0 34 100.0 27 100.0

37. 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 10 15.6 4 11.1 6 21.4
About the same 52 81.3 30 83.3 22 78.6
Moderately weaker 2 3.1 2 5.6 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 64 100.0 36 100.0 28 100.0

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, 2015. The combined assets of the 42 large banks totaled $9.4 trillion, compared to $9.7 trillion for the entire panel of 70 banks, and $13.5 trillion for all domestically chartered, federally insured commercial banks.

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