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Senior Loan Officer Opinion Survey on Bank Lending Practices
April 2015

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 2015)

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

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.0 2 4.9 1 2.9
Remained basically unchanged 65 86.7 35 85.4 30 88.2
Eased somewhat 7 9.3 4 9.8 3 8.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 75 100.0 41 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.2 1 2.7 2 5.7
Remained basically unchanged 65 90.3 36 97.3 29 82.9
Eased somewhat 4 5.6 0 0.0 4 11.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.7 0 0.0 2 5.9
Remained basically unchanged 61 81.3 31 75.6 30 88.2
Eased somewhat 12 16.0 10 24.4 2 5.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 75 100.0 41 100.0 34 100.0

 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 74 98.7 41 100.0 33 97.1
Eased somewhat 1 1.3 0 0.0 1 2.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 75 100.0 41 100.0 34 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.3 1 2.4 0 0.0
Remained basically unchanged 53 70.7 29 70.7 24 70.6
Eased somewhat 20 26.7 11 26.8 9 26.5
Eased considerably 1 1.3 0 0.0 1 2.9
Total 75 100.0 41 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.0 3 7.3 0 0.0
Remained basically unchanged 39 52.0 21 51.2 18 52.9
Eased somewhat 31 41.3 17 41.5 14 41.2
Eased considerably 2 2.7 0 0.0 2 5.9
Total 75 100.0 41 100.0 34 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.0 3 7.3 0 0.0
Remained basically unchanged 62 82.7 31 75.6 31 91.2
Eased somewhat 10 13.3 7 17.1 3 8.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 75 100.0 41 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.3 3 7.3 1 2.9
Remained basically unchanged 61 81.3 32 78.0 29 85.3
Eased somewhat 10 13.3 6 14.6 4 11.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 75 100.0 41 100.0 34 100.0
 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 71 94.7 39 95.1 32 94.1
Eased somewhat 4 5.3 2 4.9 2 5.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 75 100.0 41 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.8 0 0.0 2 6.3
Remained basically unchanged 54 76.1 33 84.6 21 65.6
Eased somewhat 12 16.9 4 10.3 8 25.0
Eased considerably 3 4.2 2 5.1 1 3.1
Total 71 100.0 39 100.0 32 100.0
 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 69 97.2 35 94.6 34 100.0
Eased somewhat 2 2.8 2 5.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100.0 37 100.0 34 100.0

 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 68 95.8 36 97.3 32 94.1
Eased somewhat 3 4.2 1 2.7 2 5.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100.0 37 100.0 34 100.0
 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 78.9 30 81.1 26 76.5
Eased somewhat 15 21.1 7 18.9 8 23.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100.0 37 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.8 2 5.4 0 0.0
Remained basically unchanged 39 54.9 23 62.2 16 47.1
Eased somewhat 29 40.8 12 32.4 17 50.0
Eased considerably 1 1.4 0 0.0 1 2.9
Total 71 100.0 37 100.0 34 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.8 2 5.4 0 0.0
Remained basically unchanged 64 90.1 32 86.5 32 94.1
Eased somewhat 5 7.0 3 8.1 2 5.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100.0 37 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.8 1 2.7 1 2.9
Remained basically unchanged 61 85.9 33 89.2 28 82.4
Eased somewhat 8 11.3 3 8.1 5 14.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100.0 37 100.0 34 100.0
 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 69 97.2 37 100.0 32 94.1
Eased somewhat 2 2.8 0 0.0 2 5.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100.0 37 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.9 0 0.0 2 6.1
Remained basically unchanged 53 77.9 32 91.4 21 63.6
Eased somewhat 11 16.2 2 5.7 9 27.3
Eased considerably 2 2.9 1 2.9 1 3.0
Total 68 100.0 35 100.0 33 100.0

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 11 91.7 6 85.7 5 100.0
Somewhat important 1 8.3 1 14.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 12 100.0 7 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 41.7 3 42.9 2 40.0
Somewhat important 7 58.3 4 57.1 3 60.0
Very important 0 0.0 0 0.0 0 0.0
Total 12 100.0 7 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 33.3 2 28.6 2 40.0
Somewhat important 6 50.0 5 71.4 1 20.0
Very important 2 16.7 0 0.0 2 40.0
Total 12 100.0 7 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 10 83.3 6 85.7 4 80.0
Somewhat important 2 16.7 1 14.3 1 20.0
Very important 0 0.0 0 0.0 0 0.0
Total 12 100.0 7 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 8 66.7 5 71.4 3 60.0
Somewhat important 3 25.0 2 28.6 1 20.0
Very important 1 8.3 0 0.0 1 20.0
Total 12 100.0 7 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 75.0 4 57.1 5 100.0
Somewhat important 3 25.0 3 42.9 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 12 100.0 7 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 100.0 7 100.0 5 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 12 100.0 7 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 41.7 3 42.9 2 40.0
Somewhat important 4 33.3 3 42.9 1 20.0
Very important 3 25.0 1 14.3 2 40.0
Total 12 100.0 7 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 37 86.0 22 91.7 15 78.9
Somewhat important 4 9.3 2 8.3 2 10.5
Very important 2 4.7 0 0.0 2 10.5
Total 43 100.0 24 100.0 19 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 27 62.8 16 66.7 11 57.9
Somewhat important 11 25.6 7 29.2 4 21.1
Very important 5 11.6 1 4.2 4 21.1
Total 43 100.0 24 100.0 19 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 31 72.1 21 87.5 10 52.6
Somewhat important 10 23.3 3 12.5 7 36.8
Very important 2 4.7 0 0.0 2 10.5
Total 43 100.0 24 100.0 19 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 7.0 1 4.2 2 10.5
Somewhat important 13 30.2 7 29.2 6 31.6
Very important 27 62.8 16 66.7 11 57.9
Total 43 100.0 24 100.0 19 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 28 65.1 18 75.0 10 52.6
Somewhat important 12 27.9 4 16.7 8 42.1
Very important 3 7.0 2 8.3 1 5.3
Total 43 100.0 24 100.0 19 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 34 79.1 20 83.3 14 73.7
Somewhat important 8 18.6 4 16.7 4 21.1
Very important 1 2.3 0 0.0 1 5.3
Total 43 100.0 24 100.0 19 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 36 83.7 22 91.7 14 73.7
Somewhat important 6 14.0 2 8.3 4 21.1
Very important 1 2.3 0 0.0 1 5.3
Total 43 100.0 24 100.0 19 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 35 81.4 22 91.7 13 68.4
Somewhat important 7 16.3 2 8.3 5 26.3
Very important 1 2.3 0 0.0 1 5.3
Total 43 100.0 24 100.0 19 100.0

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 12 16.0 4 9.8 8 23.5
About the same 51 68.0 29 70.7 22 64.7
Moderately weaker 12 16.0 8 19.5 4 11.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 75 100.0 41 100.0 34 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 11 15.1 2 5.3 9 25.7
About the same 54 74.0 32 84.2 22 62.9
Moderately weaker 8 11.0 4 10.5 4 11.4
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 73 100.0 38 100.0 35 100.0

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 6 42.9 4 80.0 2 22.2
Somewhat important 8 57.1 1 20.0 7 77.8
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 5 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 35.7 4 80.0 1 11.1
Somewhat important 9 64.3 1 20.0 8 88.9
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 5 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 35.7 2 40.0 3 33.3
Somewhat important 9 64.3 3 60.0 6 66.7
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 5 100.0 9 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 85.7 5 100.0 7 77.8
Somewhat important 1 7.1 0 0.0 1 11.1
Very important 1 7.1 0 0.0 1 11.1
Total 14 100.0 5 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 42.9 1 20.0 5 55.6
Somewhat important 5 35.7 1 20.0 4 44.4
Very important 3 21.4 3 60.0 0 0.0
Total 14 100.0 5 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 42.9 2 40.0 4 44.4
Somewhat important 6 42.9 2 40.0 4 44.4
Very important 2 14.3 1 20.0 1 11.1
Total 14 100.0 5 100.0 9 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 92.9 5 100.0 8 88.9
Somewhat important 1 7.1 0 0.0 1 11.1
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 5 100.0 9 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 85.7 8 88.9 4 80.0
Somewhat important 2 14.3 1 11.1 1 20.0
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 9 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 92.9 9 100.0 4 80.0
Somewhat important 1 7.1 0 0.0 1 20.0
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 9 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 64.3 8 88.9 1 20.0
Somewhat important 4 28.6 1 11.1 3 60.0
Very important 1 7.1 0 0.0 1 20.0
Total 14 100.0 9 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 10 71.4 8 88.9 2 40.0
Somewhat important 3 21.4 0 0.0 3 60.0
Very important 1 7.1 1 11.1 0 0.0
Total 14 100.0 9 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 42.9 5 55.6 1 20.0
Somewhat important 7 50.0 3 33.3 4 80.0
Very important 1 7.1 1 11.1 0 0.0
Total 14 100.0 9 100.0 5 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 50.0 4 44.4 3 60.0
Somewhat important 6 42.9 4 44.4 2 40.0
Very important 1 7.1 1 11.1 0 0.0
Total 14 100.0 9 100.0 5 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 100.0 9 100.0 5 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 9 100.0 5 100.0

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 11 14.5 3 7.3 8 22.9
The number of inquiries has stayed about the same 56 73.7 32 78.0 24 68.6
The number of inquiries has decreased moderately 9 11.8 6 14.6 3 8.6
The number of inquiries has decreased substantially 0 0.0 0 0.0 0 0.0
Total 76 100.0 41 100.0 35 100.0

Recent 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 books are 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 credit policies made by your bank in response to developments in the oil and natural gas drilling/extraction sector.

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 30 percent 0 0.0 0 0.0 0 0.0
More than 20 but less than 30 percent 2 3.9 2 6.1 0 0.0
More than 10 but less than 20 percent 7 13.7 5 15.2 2 11.1
Less than 10 percent 42 82.4 26 78.8 16 88.9
Total 51 100.0 33 100.0 18 100.0

8. Assuming that economic activity progresses in line with consensus forecasts, and energy commodity prices evolve in line with current future prices, what is your outlook for delinquencies and charge- offs on your bank's loans to firms in the oil and natural gas drilling/extraction sector over the remainder of 2015?

 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 2.0 0 0.0 1 5.6
Loan quality is likely to remain around current levels 20 39.2 14 42.4 6 33.3
Loan quality is likely to deteriorate somewhat 30 58.8 19 57.6 11 61.1
Loan quality is likely to deteriorate substantially 0 0.0 0 0.0 0 0.0
Total 51 100.0 33 100.0 18 100.0

9. Please indicate how important each of the following actions are 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. (Please rate each possible action using the following scale: 1=not important, 2=somewhat important, 3=very important).

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 29.4 9 27.3 6 33.3
Somewhat important 21 41.2 15 45.5 6 33.3
Very important 15 29.4 9 27.3 6 33.3
Total 51 100.0 33 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 26 51.0 16 48.5 10 55.6
Somewhat important 20 39.2 13 39.4 7 38.9
Very important 5 9.8 4 12.1 1 5.6
Total 51 100.0 33 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 10 19.6 3 9.1 7 38.9
Somewhat important 28 54.9 18 54.5 10 55.6
Very important 13 25.5 12 36.4 1 5.6
Total 51 100.0 33 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 17.6 4 12.1 5 27.8
Somewhat important 27 52.9 18 54.5 9 50.0
Very important 15 29.4 11 33.3 4 22.2
Total 51 100.0 33 100.0 18 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 29.4 9 27.3 6 33.3
Somewhat important 28 54.9 20 60.6 8 44.4
Very important 8 15.7 4 12.1 4 22.2
Total 51 100.0 33 100.0 18 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 36 70.6 26 78.8 10 55.6
Somewhat important 10 19.6 6 18.2 4 22.2
Very important 5 9.8 1 3.0 4 22.2
Total 51 100.0 33 100.0 18 100.0

Questions 10-15 ask about changes in standards and demand over the past three months for three different types of 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.

10. 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 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.0 1 2.5 2 5.7
Remained basically unchanged 67 89.3 36 90.0 31 88.6
Eased somewhat 5 6.7 3 7.5 2 5.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 75 100.0 40 100.0 35 100.0

11. 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 2 2.6 0 0.0 2 5.7
Remained basically unchanged 66 86.8 35 85.4 31 88.6
Eased somewhat 8 10.5 6 14.6 2 5.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 76 100.0 41 100.0 35 100.0

12. 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 0 0.0 0 0.0 0 0.0
Tightened somewhat 12 16.0 6 15.0 6 17.1
Remained basically unchanged 54 72.0 27 67.5 27 77.1
Eased somewhat 9 12.0 7 17.5 2 5.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 75 100.0 40 100.0 35 100.0

13. 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 19 25.3 8 20.0 11 31.4
About the same 52 69.3 30 75.0 22 62.9
Moderately weaker 4 5.3 2 5.0 2 5.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 75 100.0 40 100.0 35 100.0

14. 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 1 1.3 1 2.4 0 0.0
Moderately stronger 10 13.2 7 17.1 3 8.6
About the same 63 82.9 32 78.0 31 88.6
Moderately weaker 2 2.6 1 2.4 1 2.9
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 76 100.0 41 100.0 35 100.0

15. 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 2 2.7 1 2.5 1 2.9
Moderately stronger 18 24.0 9 22.5 9 25.7
About the same 46 61.3 23 57.5 23 65.7
Moderately weaker 9 12.0 7 17.5 2 5.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 75 100.0 40 100.0 35 100.0

16. Over the past year, how has your bank changed the following policies on CRE loans? (Please assign each policy a number between 1 and 5 using the following scale: 1=tightened considerably, 2=tightened somewhat, 3=remained basically unchanged, 4=eased somewhat, 5=eased considerably.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.3 0 0.0 1 2.9
Tightened somewhat 2 2.6 0 0.0 2 5.7
Remained basically unchanged 55 72.4 25 61.0 30 85.7
Eased somewhat 18 23.7 16 39.0 2 5.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 76 100.0 41 100.0 35 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.3 0 0.0 1 2.9
Tightened somewhat 2 2.6 0 0.0 2 5.7
Remained basically unchanged 57 75.0 28 68.3 29 82.9
Eased somewhat 16 21.1 13 31.7 3 8.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 76 100.0 41 100.0 35 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.3 0 0.0 1 2.9
Tightened somewhat 5 6.6 2 4.9 3 8.6
Remained basically unchanged 36 47.4 12 29.3 24 68.6
Eased somewhat 32 42.1 25 61.0 7 20.0
Eased considerably 2 2.6 2 4.9 0 0.0
Total 76 100.0 41 100.0 35 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.3 0 0.0 1 2.9
Tightened somewhat 2 2.6 0 0.0 2 5.7
Remained basically unchanged 69 90.8 38 92.7 31 88.6
Eased somewhat 4 5.3 3 7.3 1 2.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 76 100.0 41 100.0 35 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.3 0 0.0 4 11.4
Remained basically unchanged 68 89.5 37 90.2 31 88.6
Eased somewhat 3 3.9 3 7.3 0 0.0
Eased considerably 1 1.3 1 2.4 0 0.0
Total 76 100.0 41 100.0 35 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.3 0 0.0 1 2.9
Tightened somewhat 1 1.3 1 2.4 0 0.0
Remained basically unchanged 63 82.9 34 82.9 29 82.9
Eased somewhat 11 14.5 6 14.6 5 14.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 76 100.0 41 100.0 35 100.0

17. If your bank has tightened or eased its credit policies on CRE loans over the past year (as described in question 16), 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 17A, 17B, 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 2.1 1.0 2.3
Less favorable or more uncertain outlook for vacancy rates or other fundamentals on CRE properties 3.2 3.0 3.2
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 2.1 2.0 2.1
Less aggressive competition from other banks or non-bank lenders (other financial intermediaries or the capital markets) 4.0 4.0 -
Reduced tolerance for risk 3.0 - 3.0
Decreased ability to securitize CRE loans 2.5 - 2.5
Increased concerns about capital adequacy, liquidity position, or regulation more broadly 2.2 3.0 2.0
Other 3.5 4.0 3.0
Number of respondents 12 3 9

 All Respondents Large Banks Other Banks
Mean Mean Mean
More favorable or less uncertain outlook for CRE property prices 2.5 2.4 2.6
More favorable or less uncertain outlook for vacancy rates or other fundamentals on CRE properties 2.5 2.5 2.7
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 1.7 1.6 2.0
More aggressive competition from other banks or non-bank lenders (other financial intermediaries or the capital markets) 3.2 3.4 2.6
Increased tolerance for risk 2.5 2.8 1.8
Increased ability to securitize CRE loans 1.7 1.0 3.0
Decreased concerns about capital adequacy, liquidity position, or regulation more broadly 2.3 2.2 3.0
Other 3.0 2.0 4.0
Number of respondents 40 30 10

18. For each of the following categories of CRE lending, and assuming economic activity progresses in line with consensus forecasts, please indicate how you expect your bank's pace of loan originations during 2015 will change relative to its pace in 2014. (Please assign to each category a number between 1 and 6 using the following scale: 1=I expect the pace of originations at my bank will decline substantially; 2=I expect the pace of originations at my bank will decline somewhat; 3=I expect the pace of originations at my bank will be about the same; 4=I expect the pace of originations at my bank will increase somewhat; 5=I expect the pace of originations at my bank will increase substantially; 6=My bank does not originate this type of loan.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
I expect the pace of originations at my bank will decline substantially 2 2.6 2 4.9 0 0.0
I expect the pace of originations at my bank will decline somewhat 7 9.2 2 4.9 5 14.3
I expect the pace of originations at my bank will be about the same 46 60.5 24 58.5 22 62.9
I expect the pace of originations at my bank will increase somewhat 20 26.3 12 29.3 8 22.9
I expect the pace of originations at my bank will increase substantially 0 0.0 0 0.0 0 0.0
My bank does not originate this type of loan 1 1.3 1 2.4 0 0.0
Total 76 100.0 41 100.0 35 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
I expect the pace of originations at my bank will decline substantially 1 1.3 1 2.5 0 0.0
I expect the pace of originations at my bank will decline somewhat 22 29.3 14 35.0 8 22.9
I expect the pace of originations at my bank will be about the same 34 45.3 17 42.5 17 48.6
I expect the pace of originations at my bank will increase somewhat 15 20.0 6 15.0 9 25.7
I expect the pace of originations at my bank will increase substantially 2 2.7 1 2.5 1 2.9
My bank does not originate this type of loan 1 1.3 1 2.5 0 0.0
Total 75 100.0 40 100.0 35 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
I expect the pace of originations at my bank will decline substantially 0 0.0 0 0.0 0 0.0
I expect the pace of originations at my bank will decline somewhat 2 2.7 1 2.6 1 2.9
I expect the pace of originations at my bank will be about the same 45 61.6 27 69.2 18 52.9
I expect the pace of originations at my bank will increase somewhat 19 26.0 4 10.3 15 44.1
I expect the pace of originations at my bank will increase substantially 0 0.0 0 0.0 0 0.0
My bank does not originate this type of loan 7 9.6 7 17.9 0 0.0
Total 73 100.0 39 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
I expect the pace of originations at my bank will decline substantially 1 1.4 1 2.6 0 0.0
I expect the pace of originations at my bank will decline somewhat 9 12.2 5 12.8 4 11.4
I expect the pace of originations at my bank will be about the same 53 71.6 29 74.4 24 68.6
I expect the pace of originations at my bank will increase somewhat 9 12.2 2 5.1 7 20.0
I expect the pace of originations at my bank will increase substantially 0 0.0 0 0.0 0 0.0
My bank does not originate this type of loan 2 2.7 2 5.1 0 0.0
Total 74 100.0 39 100.0 35 100.0

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 19-20 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 19 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 20 deals with changes in demand for loans in each of the seven loan categories over the past three months.

19. 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 2 2.9 1 2.9 1 2.9
Remained basically unchanged 52 76.5 24 70.6 28 82.4
Eased somewhat 13 19.1 8 23.5 5 14.7
Eased considerably 1 1.5 1 2.9 0 0.0
Total 68 100.0 34 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 1 3.1 0 0.0
Remained basically unchanged 53 84.1 27 84.4 26 83.9
Eased somewhat 8 12.7 3 9.4 5 16.1
Eased considerably 1 1.6 1 3.1 0 0.0
Total 63 100.0 32 100.0 31 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.4 1 3.4 1 3.4
Remained basically unchanged 54 93.1 28 96.6 26 89.7
Eased somewhat 2 3.4 0 0.0 2 6.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100.0 29 100.0 29 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 1 2.9 0 0.0
Remained basically unchanged 58 86.6 28 82.4 30 90.9
Eased somewhat 8 11.9 5 14.7 3 9.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 34 100.0 33 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 0 0.0 1 3.6
Remained basically unchanged 58 92.1 31 88.6 27 96.4
Eased somewhat 4 6.3 4 11.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 35 100.0 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 58 98.3 31 96.9 27 100.0
Eased somewhat 1 1.7 1 3.1 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100.0 32 100.0 27 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 16.7 0 0.0 1 20.0
Remained basically unchanged 5 83.3 1 100.0 4 80.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 6 100.0 1 100.0 5 100.0

20. 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 4 5.9 2 5.9 2 5.9
Moderately stronger 30 44.1 14 41.2 16 47.1
About the same 31 45.6 16 47.1 15 44.1
Moderately weaker 3 4.4 2 5.9 1 2.9
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 68 100.0 34 100.0 34 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 29 46.0 15 46.9 14 45.2
About the same 30 47.6 14 43.8 16 51.6
Moderately weaker 4 6.3 3 9.4 1 3.2
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 63 100.0 32 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 18 31.0 9 31.0 9 31.0
About the same 36 62.1 18 62.1 18 62.1
Moderately weaker 3 5.2 2 6.9 1 3.4
Substantially weaker 1 1.7 0 0.0 1 3.4
Total 58 100.0 29 100.0 29 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 3 4.5 2 5.9 1 3.0
Moderately stronger 15 22.4 9 26.5 6 18.2
About the same 45 67.2 20 58.8 25 75.8
Moderately weaker 4 6.0 3 8.8 1 3.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 67 100.0 34 100.0 33 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 2 3.2 2 5.7 0 0.0
Moderately stronger 9 14.3 6 17.1 3 10.7
About the same 47 74.6 24 68.6 23 82.1
Moderately weaker 3 4.8 3 8.6 0 0.0
Substantially weaker 2 3.2 0 0.0 2 7.1
Total 63 100.0 35 100.0 28 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 8 13.6 6 18.8 2 7.4
About the same 48 81.4 24 75.0 24 88.9
Moderately weaker 2 3.4 2 6.3 0 0.0
Substantially weaker 1 1.7 0 0.0 1 3.7
Total 59 100.0 32 100.0 27 100.0

 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 6 100.0 1 100.0 5 100.0
Moderately weaker 0 0.0 0 0.0 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 6 100.0 1 100.0 5 100.0

Questions 21-22 ask about revolving home equity lines of credit at your bank. Question 21 deals with changes in your bank's credit standards over the past three months. Question 22 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.

21. 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 1 1.4 0 0.0 1 2.9
Tightened somewhat 1 1.4 1 2.6 0 0.0
Remained basically unchanged 60 83.3 33 86.8 27 79.4
Eased somewhat 10 13.9 4 10.5 6 17.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 38 100.0 34 100.0

22. 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 1 1.4 0 0.0 1 2.9
Moderately stronger 16 22.2 7 18.4 9 26.5
About the same 47 65.3 27 71.1 20 58.8
Moderately weaker 8 11.1 4 10.5 4 11.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 72 100.0 38 100.0 34 100.0

On November 20, 2014, Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency, issued guidelines on the definition of life-of-loan representation and warranty exclusions. The following question asks about changes in your bank's lending policies in response to these guidelines.

23. How much more or less likely is your bank to approve an application for a 30-year fixed-rate GSE-eligible home purchase mortgage loan to a borrower with the stated FICO score (or equivalent) and down payment in the current environment than it would have been if the guidelines had not been issued? In each case, assume that all other characteristics of the borrower and the property are typical for loan applications that are eligible for sale to the GSEs with that FICO score (or equivalent) and down payment. (Please assign each borrower category a number between 1 and 5 using the following scale: 1=much less likely, 2=somewhat less likely, 3=about the same, 4=somewhat more likely, 5=much more likely.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 4 6.3 1 3.0 3 10.0
Somehwat less likely 3 4.8 0 0.0 3 10.0
About the same 52 82.5 29 87.9 23 76.7
Somewhat more likely 4 6.3 3 9.1 1 3.3
Much more likely 0 0.0 0 0.0 0 0.0
Total 63 100.0 33 100.0 30 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 0 0.0 0 0.0 0 0.0
Somehwat less likely 2 3.2 1 3.0 1 3.3
About the same 56 88.9 30 90.9 26 86.7
Somewhat more likely 4 6.3 2 6.1 2 6.7
Much more likely 1 1.6 0 0.0 1 3.3
Total 63 100.0 33 100.0 30 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 6 9.5 1 3.0 5 16.7
Somehwat less likely 7 11.1 1 3.0 6 20.0
About the same 46 73.0 28 84.8 18 60.0
Somewhat more likely 4 6.3 3 9.1 1 3.3
Much more likely 0 0.0 0 0.0 0 0.0
Total 63 100.0 33 100.0 30 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 1 1.6 1 3.0 0 0.0
Somehwat less likely 1 1.6 0 0.0 1 3.3
About the same 56 88.9 28 84.8 28 93.3
Somewhat more likely 4 6.3 4 12.1 0 0.0
Much more likely 1 1.6 0 0.0 1 3.3
Total 63 100.0 33 100.0 30 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 0 0.0 0 0.0 0 0.0
Somehwat less likely 1 1.6 0 0.0 1 3.2
About the same 56 87.5 30 90.9 26 83.9
Somewhat more likely 6 9.4 3 9.1 3 9.7
Much more likely 1 1.6 0 0.0 1 3.2
Total 64 100.0 33 100.0 31 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 9 14.3 2 6.1 7 23.3
Somehwat less likely 3 4.8 0 0.0 3 10.0
About the same 47 74.6 28 84.8 19 63.3
Somewhat more likely 4 6.3 3 9.1 1 3.3
Much more likely 0 0.0 0 0.0 0 0.0
Total 63 100.0 33 100.0 30 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much less likely 1 1.6 1 3.0 0 0.0
Somehwat less likely 5 7.9 1 3.0 4 13.3
About the same 50 79.4 28 84.8 22 73.3
Somewhat more likely 7 11.1 3 9.1 4 13.3
Much more likely 0 0.0 0 0.0 0 0.0
Total 63 100.0 33 100.0 30 100.0

Questions 24-33 ask about consumer lending at your bank. Question 24 deals with changes in your bank's willingness to make consumer loans over the past three months. Questions 25-30 deal with changes in credit standards and loan terms over the same period. Questions 31-33deal 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.

24. 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 7 9.7 4 10.8 3 8.6
About unchanged 64 88.9 33 89.2 31 88.6
Somewhat less willing 1 1.4 0 0.0 1 2.9
Much less willing 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 54 98.2 32 97.0 22 100.0
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

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 0 0.0 1 2.9
Remained basically unchanged 60 90.9 28 87.5 32 94.1
Eased somewhat 5 7.6 4 12.5 1 2.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 66 100.0 32 100.0 34 100.0

27. 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 1 1.4 1 2.7 0 0.0
Remained basically unchanged 66 91.7 32 86.5 34 97.1
Eased somewhat 5 6.9 4 10.8 1 2.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0

28. 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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 49 94.2 28 90.3 21 100.0
Eased somewhat 3 5.8 3 9.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 31 100.0 21 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
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 50 96.2 29 93.5 21 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 31 100.0 21 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 52 100.0 31 100.0 21 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 31 100.0 21 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 50 96.2 29 93.5 21 100.0
Eased somewhat 2 3.8 2 6.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 31 100.0 21 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.9 2 6.7 1 4.8
Remained basically unchanged 46 90.2 27 90.0 19 90.5
Eased somewhat 2 3.9 1 3.3 1 4.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 30 100.0 21 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 62 92.5 31 93.9 31 91.2
Eased somewhat 5 7.5 2 6.1 3 8.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 33 100.0 34 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 6.0 4 12.1 0 0.0
Remained basically unchanged 51 76.1 23 69.7 28 82.4
Eased somewhat 11 16.4 5 15.2 6 17.6
Eased considerably 1 1.5 1 3.0 0 0.0
Total 67 100.0 33 100.0 34 100.0
 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 2.9
Remained basically unchanged 65 97.0 32 97.0 33 97.1
Eased somewhat 1 1.5 1 3.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 33 100.0 34 100.0

 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 95.5 30 90.9 34 100.0
Eased somewhat 3 4.5 3 9.1 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 33 100.0 34 100.0
 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 2.9
Remained basically unchanged 65 97.0 32 97.0 33 97.1
Eased somewhat 1 1.5 1 3.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 33 100.0 34 100.0

30. 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 1 1.4 0 0.0 1 2.9
Remained basically unchanged 71 98.6 37 100.0 34 97.1
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.8 2 5.4 0 0.0
Remained basically unchanged 64 88.9 34 91.9 30 85.7
Eased somewhat 6 8.3 1 2.7 5 14.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0

 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 72 100.0 37 100.0 35 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0
 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 71 98.6 36 97.3 35 100.0
Eased somewhat 1 1.4 1 2.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.8 0 0.0 2 5.7
Remained basically unchanged 70 97.2 37 100.0 33 94.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0

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

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 8 15.4 5 16.1 3 14.3
About the same 41 78.8 25 80.6 16 76.2
Moderately weaker 3 5.8 1 3.2 2 9.5
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 52 100.0 31 100.0 21 100.0

32. 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 1.5 1 3.0 0 0.0
Moderately stronger 13 19.4 5 15.2 8 23.5
About the same 45 67.2 22 66.7 23 67.6
Moderately weaker 8 11.9 5 15.2 3 8.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 67 100.0 33 100.0 34 100.0

33. 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 2 2.8 1 2.7 1 2.9
About the same 67 93.1 35 94.6 32 91.4
Moderately weaker 3 4.2 1 2.7 2 5.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 72 100.0 37 100.0 35 100.0

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, 2014. The combined assets of the 41 large banks totaled $9.1 trillion, compared to $9.4 trillion for the entire panel of 76 banks, and $ 12.9 trillion for all domestically chartered, federally insured commercial banks.

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