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Senior Loan Officer Opinion Survey on Bank Lending Practices
January 2008

Survey | Full report (517 KB PDF)
Table 1 |Table 2 | Chart data
Table 1 (68 KB PDF) | Table 2 (32 KB PDF) | Charts (15 KB 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 January 2008)

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 1 1.8 1 3.0 0 0.0
Tightened somewhat 17 30.4 8 24.2 9 39.1
Remained basically unchanged 38 67.9 24 72.7 14 60.9
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 33 100.0 23 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 1 3.0 0 0.0
Tightened somewhat 16 28.6 8 24.2 8 34.8
Remained basically unchanged 39 69.6 24 72.7 15 65.2
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 33 100.0 23 100.0

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?

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 0 0.0 1 4.5
Tightened somewhat 11 20.0 8 24.2 3 13.6
Remained basically unchanged 39 70.9 22 66.7 17 77.3
Eased somewhat 4 7.3 3 9.1 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 9 16.4 7 21.2 2 9.1
Remained basically unchanged 45 81.8 26 78.8 19 86.4
Eased somewhat 1 1.8 0 0.0 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 3 5.5 2 6.1 1 4.5
Tightened somewhat 22 40.0 13 39.4 9 40.9
Remained basically unchanged 29 52.7 17 51.5 12 54.5
Eased somewhat 1 1.8 1 3.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 3.6 2 6.1 0 0.0
Tightened somewhat 25 45.5 14 42.4 11 50.0
Remained basically unchanged 25 45.5 15 45.5 10 45.5
Eased somewhat 3 5.5 2 6.1 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 5 9.1 4 12.1 1 4.5
Tightened somewhat 24 43.6 15 45.5 9 40.9
Remained basically unchanged 25 45.5 14 42.4 11 50.0
Eased somewhat 1 1.8 0 0.0 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 0 0.0 1 4.5
Tightened somewhat 16 29.1 10 30.3 6 27.3
Remained basically unchanged 38 69.1 23 69.7 15 68.2
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 0 0.0 1 4.5
Tightened somewhat 9 16.4 6 18.2 3 13.6
Remained basically unchanged 44 80.0 27 81.8 17 77.3
Eased somewhat 1 1.8 0 0.0 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 0 0.0 1 4.8
Tightened somewhat 10 18.5 6 18.2 4 19.0
Remained basically unchanged 41 75.9 26 78.8 15 71.4
Eased somewhat 2 3.7 1 3.0 1 4.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 33 100.0 21 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 9.1 3 9.1 2 9.1
Remained basically unchanged 49 89.1 30 90.9 19 86.4
Eased somewhat 1 1.8 0 0.0 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 3.6 2 6.1 0 0.0
Tightened somewhat 20 36.4 12 36.4 8 36.4
Remained basically unchanged 32 58.2 18 54.5 14 63.6
Eased somewhat 1 1.8 1 3.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 3 5.5 2 6.1 1 4.5
Tightened somewhat 21 38.2 11 33.3 10 45.5
Remained basically unchanged 29 52.7 19 57.6 10 45.5
Eased somewhat 2 3.6 1 3.0 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 4 7.3 2 6.1 2 9.1
Tightened somewhat 20 36.4 14 42.4 6 27.3
Remained basically unchanged 30 54.5 17 51.5 13 59.1
Eased somewhat 1 1.8 0 0.0 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 0 0.0 1 4.5
Tightened somewhat 10 18.2 5 15.2 5 22.7
Remained basically unchanged 44 80.0 28 84.8 16 72.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 0 0.0 1 4.5
Tightened somewhat 8 14.5 4 12.1 4 18.2
Remained basically unchanged 45 81.8 29 87.9 16 72.7
Eased somewhat 1 1.8 0 0.0 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

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? (Please respond to either A, B, or both as appropriate and rate each possible reason using the following scale: 1=not important, 2=somewhat important, 3=very important.)

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 29 76.3 18 78.3 11 73.3
Somewhat important 7 18.4 3 13.0 4 26.7
Very important 2 5.3 2 8.7 0 0.0
Total 38 100.0 23 100.0 15 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 7.7 2 8.3 1 6.7
Somewhat important 23 59.0 15 62.5 8 53.3
Very important 13 33.3 7 29.2 6 40.0
Total 39 100.0 24 100.0 15 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 11 28.2 9 37.5 2 13.3
Somewhat important 15 38.5 7 29.2 8 53.3
Very important 13 33.3 8 33.3 5 33.3
Total 39 100.0 24 100.0 15 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 24 63.2 13 56.5 11 73.3
Somewhat important 13 34.2 10 43.5 3 20.0
Very important 1 2.6 0 0.0 1 6.7
Total 38 100.0 23 100.0 15 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 18.4 5 21.7 2 13.3
Somewhat important 25 65.8 13 56.5 12 80.0
Very important 6 15.8 5 21.7 1 6.7
Total 38 100.0 23 100.0 15 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 20 52.6 9 39.1 11 73.3
Somewhat important 13 34.2 10 43.5 3 20.0
Very important 5 13.2 4 17.4 1 6.7
Total 38 100.0 23 100.0 15 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 25 65.8 15 65.2 10 66.7
Somewhat important 11 28.9 7 30.4 4 26.7
Very important 2 5.3 1 4.3 1 6.7
Total 38 100.0 23 100.0 15 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 29 76.3 17 73.9 12 80.0
Somewhat important 5 13.2 4 17.4 1 6.7
Very important 4 10.5 2 8.7 2 13.3
Total 38 100.0 23 100.0 15 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 62.5 3 50.0 2 100.0
Somewhat important 2 25.0 2 33.3 0 0.0
Very important 1 12.5 1 16.7 0 0.0
Total 8 100.0 6 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 44.4 3 42.9 1 50.0
Somewhat important 5 55.6 4 57.1 1 50.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 75.0 5 83.3 1 50.0
Somewhat important 1 12.5 1 16.7 0 0.0
Very important 1 12.5 0 0.0 1 50.0
Total 8 100.0 6 100.0 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 44.4 3 42.9 1 50.0
Somewhat important 1 11.1 1 14.3 0 0.0
Very important 4 44.4 3 42.9 1 50.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 44.4 2 28.6 2 100.0
Somewhat important 4 44.4 4 57.1 0 0.0
Very important 1 11.1 1 14.3 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 87.5 5 83.3 2 100.0
Somewhat important 1 12.5 1 16.7 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 8 100.0 6 100.0 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 87.5 5 83.3 2 100.0
Somewhat important 1 12.5 1 16.7 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 8 100.0 6 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 75.0 4 66.7 2 100.0
Somewhat important 2 25.0 2 33.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 8 100.0 6 100.0 2 100.0

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 7 12.7 6 18.2 1 4.5
About the same 32 58.2 20 60.6 12 54.5
Moderately weaker 16 29.1 7 21.2 9 40.9
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 5 9.1 3 9.1 2 9.1
About the same 32 58.2 19 57.6 13 59.1
Moderately weaker 17 30.9 10 30.3 7 31.8
Substantially weaker 1 1.8 1 3.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

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?

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 44.4 3 42.9 1 50.0
Somewhat important 5 55.6 4 57.1 1 50.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 22.2 2 28.6 0 0.0
Somewhat important 7 77.8 5 71.4 2 100.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 33.3 3 42.9 0 0.0
Somewhat important 6 66.7 4 57.1 2 100.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 44.4 3 42.9 1 50.0
Somewhat important 5 55.6 4 57.1 1 50.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 33.3 2 28.6 1 50.0
Somewhat important 6 66.7 5 71.4 1 50.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 55.6 4 57.1 1 50.0
Somewhat important 2 22.2 1 14.3 1 50.0
Very important 2 22.2 2 28.6 0 0.0
Total 9 100.0 7 100.0 2 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 20.0 3 23.1 1 14.3
Somewhat important 15 75.0 9 69.2 6 85.7
Very important 1 5.0 1 7.7 0 0.0
Total 20 100.0 13 100.0 7 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 8 40.0 6 46.2 2 28.6
Somewhat important 11 55.0 6 46.2 5 71.4
Very important 1 5.0 1 7.7 0 0.0
Total 20 100.0 13 100.0 7 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 5.0 1 7.7 0 0.0
Somewhat important 14 70.0 9 69.2 5 71.4
Very important 5 25.0 3 23.1 2 28.6
Total 20 100.0 13 100.0 7 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 70.0 9 69.2 5 71.4
Somewhat important 5 25.0 3 23.1 2 28.6
Very important 1 5.0 1 7.7 0 0.0
Total 20 100.0 13 100.0 7 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 30.0 3 23.1 3 42.9
Somewhat important 7 35.0 6 46.2 1 14.3
Very important 7 35.0 4 30.8 3 42.9
Total 20 100.0 13 100.0 7 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 60.0 8 61.5 4 57.1
Somewhat important 4 20.0 3 23.1 1 14.3
Very important 4 20.0 2 15.4 2 28.6
Total 20 100.0 13 100.0 7 100.0

6. At your bank, 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 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 6 10.9 4 12.5 2 8.7
The number of inquiries has stayed about the same 33 60.0 21 65.6 12 52.2
The number of inquiries has decreased moderately 16 29.1 7 21.9 9 39.1
The number of inquiries has decreased substantially 0 0.0 0 0.0 0 0.0
Total 55 100.0 32 100.0 23 100.0

Questions 7-8 ask about commercial real estate loans at your bank, including construction and land development loans and loans secured by nonfarm nonresidential real estate. Question 7 deals with changes in your bank's standards over the last three months. Question 8 deals with changes in demand. If your bank's lending standards or terms have not changed over the relevant period, please report them as unchanged even if they are either restrictive or accommodative relative to longer-term norms. If your bank's standards or terms have tightened or eased over the relevant period, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing standards as changes in standards.

7. Over the past three months, how have your bank's credit standards for approving applications for commercial real estate loans changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 11 19.6 7 21.2 4 17.4
Tightened somewhat 34 60.7 22 66.7 12 52.2
Remained basically unchanged 11 19.6 4 12.1 7 30.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 33 100.0 23 100.0

8. Apart from normal seasonal variation, how has demand for commercial real estate loans changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 1 1.8 1 3.0 0 0.0
Moderately stronger 6 10.7 2 6.1 4 17.4
About the same 16 28.6 11 33.3 5 21.7
Moderately weaker 23 41.1 12 36.4 11 47.8
Substantially weaker 10 17.9 7 21.2 3 13.0
Total 56 100.0 33 100.0 23 100.0

Questions 9-10 focus on changes in your bank's terms on commercial real estate loans over the past year. If your bank's lending terms have not changed over the past year, please report them as unchanged even if they are either restrictive or accommodative relative to longer-term norms. If your bank's lending terms have tightened or eased over the past year, please so report them regardless of how they stand relative to longer-term norms.

9. Over the past year, how has your bank changed the following terms on commercial real estate loans?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 4 7.3 2 6.1 2 9.1
Tightened somewhat 19 34.5 14 42.4 5 22.7
Remained basically unchanged 32 58.2 17 51.5 15 68.2
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 0 0.0 1 4.5
Tightened somewhat 10 18.2 7 21.2 3 13.6
Remained basically unchanged 44 80.0 26 78.8 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 55 100.0 33 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 5 9.1 4 12.1 1 4.5
Tightened somewhat 24 43.6 14 42.4 10 45.5
Remained basically unchanged 22 40.0 14 42.4 8 36.4
Eased somewhat 4 7.3 1 3.0 3 13.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 4 7.3 3 9.1 1 4.5
Tightened somewhat 28 50.9 17 51.5 11 50.0
Remained basically unchanged 22 40.0 13 39.4 9 40.9
Eased somewhat 1 1.8 0 0.0 1 4.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 13 23.6 10 30.3 3 13.6
Remained basically unchanged 42 76.4 23 69.7 19 86.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 29 52.7 22 66.7 7 31.8
Remained basically unchanged 26 47.3 11 33.3 15 68.2
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 33 100.0 22 100.0

10. If your bank has tightened or eased its terms on commercial real estate loans over the past year (as described in question 9), how important have been the following possible reasons for the change?

A. Possible reasons for tightening commercial real estate loan terms:

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 4.4 0 0.0 2 12.5
Somewhat important 14 31.1 7 24.1 7 43.8
Very important 29 64.4 22 75.9 7 43.8
Total 45 100.0 29 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 8.9 2 6.9 2 12.5
Somewhat important 18 40.0 10 34.5 8 50.0
Very important 23 51.1 17 58.6 6 37.5
Total 45 100.0 29 100.0 16 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 29 64.4 19 65.5 10 62.5
Somewhat important 9 20.0 5 17.2 4 25.0
Very important 7 15.6 5 17.2 2 12.5
Total 45 100.0 29 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 20.0 3 10.3 6 37.5
Somewhat important 25 55.6 16 55.2 9 56.3
Very important 11 24.4 10 34.5 1 6.3
Total 45 100.0 29 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 24 54.5 13 44.8 11 73.3
Somewhat important 11 25.0 10 34.5 1 6.7
Very important 9 20.5 6 20.7 3 20.0
Total 44 100.0 29 100.0 15 100.0

B. Possible reasons for easing commercial real estate loan terms:

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 66.7 2 66.7 0 0.0
Somewhat important 1 33.3 1 33.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 3 100.0 3 100.0 0 0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 66.7 2 66.7 0 0
Somewhat important 1 33.3 1 33.3 0 0
Very important 0 0.0 0 0.0 0 0.0
Total 3 100.0 3 100.0 0 0.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 33.3 1 33.3 0 0.0
Somewhat important 1 33.3 1 33.3 0 0.0
Very important 1 33.3 1 33.3 0 0.0
Total 3 100.0 3 100.0 0 0.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 66.7 2 66.7 0 0.0
Somewhat important 1 33.3 1 33.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 3 100.0 3 100.0 0 0.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 100.0 3 100.0 0 0.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 3 100.0 3 100.0 0 0.0

Questions 11-12 ask about three categories of residential mortgage loans at your bank--prime residential mortgages, nontraditional residential mortgages, and subprime residential mortgages. Question 11 deals with changes in your bank's credit standards for loans in each of these categories over the past three months. Question 12 deals with changes in demand for loans in each of these categories over the same period. If your bank's credit standards have not changed over the relevant period, please report them as unchanged even if the standards are either restrictive or accommodative relative to longer-term norms. If your bank's credit standards have tightened or eased over the relevant period, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing standards as changes in standards.

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

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 3.8 0 0.0 2 9.1
Tightened somewhat 26 49.1 17 54.8 9 40.9
Remained basically unchanged 25 47.2 14 45.2 11 50.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100.0 31 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 10 25.6 6 23.1 4 30.8
Tightened somewhat 23 59.0 16 61.5 7 53.8
Remained basically unchanged 6 15.4 4 15.4 2 15.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 39 100.0 26 100.0 13 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 3 42.9 2 40.0 1 50.0
Tightened somewhat 2 28.6 1 20.0 1 50.0
Remained basically unchanged 2 28.6 2 40.0 0 0.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 7 100.0 5 100.0 2 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 2 3.8 1 3.2 1 4.5
About the same 17 32.1 10 32.3 7 31.8
Moderately weaker 29 54.7 18 58.1 11 50.0
Substantially weaker 5 9.4 2 6.5 3 13.6
Total 53 100.0 31 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 1 2.6 1 3.8 0 0.0
Moderately stronger 0 0.0 0 0.0 0 0.0
About the same 10 25.6 7 26.9 3 23.1
Moderately weaker 18 46.2 11 42.3 7 53.8
Substantially weaker 10 25.6 7 26.9 3 23.1
Total 39 100.0 26 100.0 13 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 0 0.0 0 0.0 0 0.0
About the same 2 28.6 1 20.0 1 50.0
Moderately weaker 2 28.6 2 40.0 0 0.0
Substantially weaker 3 42.9 2 40.0 1 50.0
Total 7 100.0 5 100.0 2 100.0

Questions 13-14 ask about revolving home equity lines of credit at your bank. Question 13 deals with changes in your bank's credit standards over the last three months. Question 14 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.

13. 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 7 13.0 5 16.1 2 8.7
Tightened somewhat 25 46.3 16 51.6 9 39.1
Remained basically unchanged 22 40.7 10 32.3 12 52.2
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 31 100.0 23 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 5 9.3 2 6.5 3 13.0
About the same 24 44.4 15 48.4 9 39.1
Moderately weaker 21 38.9 13 41.9 8 34.8
Substantially weaker 4 7.4 1 3.2 3 13.0
Total 54 100.0 31 100.0 23 100.0

Questions 15-20 ask about consumer lending at your bank. Question 15 deals with changes in your bank's willingness to make consumer loans over the past three months. Questions 16-19 deal with changes in credit standards and loan terms over the same period. Question 20 deals 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.

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much more willing 0 0.0 0 0.0 0 0.0
Somewhat more willing 0 0.0 0 0.0 0 0.0
About unchanged 45 84.9 25 80.6 20 90.9
Somewhat less willing 8 15.1 6 19.4 2 9.1
Much less willing 0 0.0 0 0.0 0 0.0
Total 53 100.0 31 100.0 22 100.0

16. 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 1 2.4 1 4.5 0 0.0
Tightened somewhat 3 7.3 1 4.5 2 10.5
Remained basically unchanged 37 90.2 20 90.9 17 89.5
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 41 100.0 22 100.0 19 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 0 0.0 1 4.5
Tightened somewhat 16 30.2 10 32.3 6 27.3
Remained basically unchanged 36 67.9 21 67.7 15 68.2
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100.0 31 100.0 22 100.0

18. 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 2 5.1 2 9.5 0 0.0
Tightened somewhat 4 10.3 3 14.3 1 5.6
Remained basically unchanged 33 84.6 16 76.2 17 94.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 39 100.0 21 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 10.3 3 14.3 1 5.6
Remained basically unchanged 32 82.1 15 71.4 17 94.4
Eased somewhat 3 7.7 3 14.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 39 100.0 21 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 2.6 0 0.0 1 5.6
Remained basically unchanged 36 92.3 19 90.5 17 94.4
Eased somewhat 2 5.1 2 9.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 39 100.0 21 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 17.9 5 23.8 2 11.1
Remained basically unchanged 31 79.5 15 71.4 16 88.9
Eased somewhat 1 2.6 1 4.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 39 100.0 21 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.6 0 0.0 1 5.6
Tightened somewhat 10 25.6 7 33.3 3 16.7
Remained basically unchanged 28 71.8 14 66.7 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 39 100.0 21 100.0 18 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.8 2 6.5 0 0.0
Remained basically unchanged 51 96.2 29 93.5 22 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100.0 31 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 1 3.2 0 0.0
Tightened somewhat 12 22.6 6 19.4 6 27.3
Remained basically unchanged 40 75.5 24 77.4 16 72.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100.0 31 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 1 3.2 0 0.0
Tightened somewhat 10 18.9 7 22.6 3 13.6
Remained basically unchanged 42 79.2 23 74.2 19 86.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100.0 31 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 0 0.0 1 4.5
Tightened somewhat 14 26.4 8 25.8 6 27.3
Remained basically unchanged 38 71.7 23 74.2 15 68.2
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100.0 31 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 0 0.0 1 4.5
Tightened somewhat 14 26.4 7 22.6 7 31.8
Remained basically unchanged 38 71.7 24 77.4 14 63.6
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100.0 31 100.0 22 100.0

20. Apart from normal seasonal variation, how has demand for consumer loans of all types changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 3 5.7 2 6.5 1 4.5
About the same 28 52.8 19 61.3 9 40.9
Moderately weaker 21 39.6 10 32.3 11 50.0
Substantially weaker 1 1.9 0 0.0 1 4.5
Total 53 100.0 31 100.0 22 100.0

In recent quarters, loan delinquencies and chargeoffs have moved somewhat higher. Questions 21-22 ask about your bank's expectations for the behavior of these measures of loan quality in 2008.

21. Assuming that economic activity progresses in line with consensus forecasts, what is your outlook for delinquencies and chargeoffs on your bank's loans to businesses in 2008?

 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 0 0.0 0 0.0 0 0.0
Loan quality is likely to stabilize around current levels 9 16.7 5 16.1 4 17.4
Loan quality is likely to deteriorate somewhat 44 81.5 25 80.6 19 82.6
Loan quality is likely to deteriorate substantially 1 1.9 1 3.2 0 0.0
Total 54 100.0 31 100.0 23 100.0
 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 1.9 1 3.1 0 0.0
Loan quality is likely to stabilize around current levels 6 11.1 4 12.5 2 9.1
Loan quality is likely to deteriorate somewhat 38 70.4 19 59.4 19 86.4
Loan quality is likely to deteriorate substantially 9 16.7 8 25.0 1 4.5
Total 54 100.0 32 100.0 22 100.0

22. Assuming that economic activity progresses in line with consensus forecasts, what is your outlook for delinquencies and chargeoffs on your bank's loans to households in 2008?

 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 0 0.0 0 0.0 0 0.0
Loan quality is likely to stabilize around current levels 16 29.6 5 15.6 11 50.0
Loan quality is likely to deteriorate somewhat 37 68.5 26 81.3 11 50.0
Loan quality is likely to deteriorate substantially 1 1.9 1 3.1 0 0.0
Total 54 100.0 32 100.0 22 100.0
 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 0 0.0 0 0.0 0 0.0
Loan quality is likely to stabilize around current levels 7 17.9 3 11.1 4 33.3
Loan quality is likely to deteriorate somewhat 29 74.4 22 81.5 7 58.3
Loan quality is likely to deteriorate substantially 3 7.7 2 7.4 1 8.3
Total 39 100.0 27 100.0 12 100.0

 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 0 0.0 0 0.0 0 0.0
Loan quality is likely to stabilize around current levels 2 28.6 2 40.0 0 0.0
Loan quality is likely to deteriorate somewhat 4 57.1 3 60.0 1 50.0
Loan quality is likely to deteriorate substantially 1 14.3 0 0.0 1 50.0
Total 7 100.0 5 100.0 2 100.0
 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 0 0.0 0 0.0 0 0.0
Loan quality is likely to stabilize around current levels 12 21.8 4 12.5 8 34.8
Loan quality is likely to deteriorate somewhat 38 69.1 25 78.1 13 56.5
Loan quality is likely to deteriorate substantially 5 9.1 3 9.4 2 8.7
Total 55 100.0 32 100.0 23 100.0

 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 0 0.0 0 0.0 0 0.0
Loan quality is likely to stabilize around current levels 10 26.3 7 33.3 3 17.6
Loan quality is likely to deteriorate somewhat 26 68.4 12 57.1 14 82.4
Loan quality is likely to deteriorate substantially 2 5.3 2 9.5 0 0.0
Total 38 100.0 21 100.0 17 100.0
 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 0 0.0 0 0.0 0 0.0
Loan quality is likely to stabilize around current levels 16 29.6 9 29.0 7 30.4
Loan quality is likely to deteriorate somewhat 38 70.4 22 71.0 16 69.6
Loan quality is likely to deteriorate substantially 0 0.0 0 0.0 0 0.0
Total 54 100.0 31 100.0 23 100.0

Question 23 asks about strategies that you expect your bank to take in order to mitigate a potential deterioration in the credit quality of its residential mortgage loan portfolio or of the mortgage loans that your bank services for others. Question 23 asks about strategies that you expect your bank to take in order to mitigate a potential deterioration in the credit quality of its residential mortgage loan portfolio or of the mortgage loans that your bank services for others. Question 24 asks about obstacles that you expect your bank to incur while pursuing these loss-mitigating strategies.

23. If you anticipate that your bank will experience a deterioration in the credit quality of its residential mortgage loan portfolio or of the mortgage loans that your bank services for others, how important do you expect each of the following strategies to be in mitigating the deterioration in loan quality?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 23 51.1 11 37.9 12 75.0
Somewhat significant 20 44.4 17 58.6 3 18.8
Very significant 2 4.4 1 3.4 1 6.3
Total 45 100.0 29 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 17 37.8 11 37.9 6 37.5
Somewhat significant 23 51.1 14 48.3 9 56.3
Very significant 5 11.1 4 13.8 1 6.3
Total 45 100.0 29 100.0 16 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 6 13.3 1 3.4 5 31.3
Somewhat significant 14 31.1 9 31.0 5 31.3
Very significant 25 55.6 19 65.5 6 37.5
Total 45 100.0 29 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 29 64.4 17 58.6 12 75.0
Somewhat significant 10 22.2 7 24.1 3 18.8
Very significant 6 13.3 5 17.2 1 6.3
Total 45 100.0 29 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 15 33.3 6 20.7 9 56.3
Somewhat significant 18 40.0 15 51.7 3 18.8
Very significant 12 26.7 8 27.6 4 25.0
Total 45 100.0 29 100.0 16 100.0

24. How significant do you anticipate the following potential obstacles to be for your bank to undertake the loss-mitigating strategies listed in question 23? (Please rate the significance of each possible obstacle using the following scale: 1=not significant, 2=somewhat significant, 3=very significant.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 24 54.5 15 51.7 9 60.0
Somewhat significant 12 27.3 8 27.6 4 26.7
Very significant 8 18.2 6 20.7 2 13.3
Total 44 100.0 29 100.0 15 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 17 38.6 9 31.0 8 53.3
Somewhat significant 18 40.9 13 44.8 5 33.3
Very significant 9 20.5 7 24.1 2 13.3
Total 44 100.0 29 100.0 15 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 29 65.9 17 58.6 12 80.0
Somewhat significant 11 25.0 8 27.6 3 20.0
Very significant 4 9.1 4 13.8 0 0.0
Total 44 100.0 29 100.0 15 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not significant 10 22.7 6 20.7 4 26.7
Somewhat significant 17 38.6 12 41.4 5 33.3
Very significant 17 38.6 11 37.9 6 40.0
Total 44 100.0 29 100.0 15 100.0

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 Sept. 30, 2007. The combined assets of the 33 large banks totaled $5.69 trillion, compared to $5.95 trillion for the entire panel of 56 banks, and $11.07 trillion for all domestically chartered, federally insured commercial banks.

*For definitions of prime, nontraditional and subprime mortgage loans, please refer to questions 11-12.

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