Table 1 PDF RSS DDP

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

(Status of policy as of October 2017)

 

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

 

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

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 65 91.5 36 87.8 29 96.7
Eased somewhat 6 8.5 5 12.2 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100.0 41 100.0 30 100.0

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 62 91.2 33 86.8 29 96.7
Eased somewhat 6 8.8 5 13.2 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100.0 38 100.0 30 100.0

 

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):

 

a. Maximum size of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 56 80.0 30 75.0 26 86.7
Eased somewhat 14 20.0 10 25.0 4 13.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 40 100.0 30 100.0

 

b. Maximum maturity of loans or credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.9 1 2.5 1 3.3
Remained basically unchanged 64 91.4 38 95.0 26 86.7
Eased somewhat 4 5.7 1 2.5 3 10.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 40 100.0 30 100.0

 

c. Costs of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.3 2 5.0 1 3.3
Remained basically unchanged 57 81.4 30 75.0 27 90.0
Eased somewhat 10 14.3 8 20.0 2 6.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 40 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.7 2 5.0 2 6.7
Remained basically unchanged 43 61.4 21 52.5 22 73.3
Eased somewhat 23 32.9 17 42.5 6 20.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 40 100.0 30 100.0

 

e. Premiums charged on riskier loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.8 2 5.1 2 6.7
Remained basically unchanged 60 87.0 32 82.1 28 93.3
Eased somewhat 5 7.2 5 12.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100.0 39 100.0 30 100.0

 

f. Loan covenants

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.9 1 2.5 1 3.3
Remained basically unchanged 58 82.9 31 77.5 27 90.0
Eased somewhat 10 14.3 8 20.2 2 6.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 40 100.0 30 100.0

 

g. Collateralization requirements

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 69 98.6 40 100.0 29 96.7
Eased somewhat 1 1.4 0 0.0 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 40 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.4 0 0.0 1 3.3
Remained basically unchanged 57 82.6 32 82.1 25 83.3
Eased somewhat 9 13.0 7 17.9 2 6.7
Eased considerably 2 2.9 0 0.0 2 6.7
Total 69 100.0 39 100.0 30 100.0

 

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

 

a. Maximum size of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 0 0.0 1 3.3
Remained basically unchanged 60 89.6 34 91.9 26 86.7
Eased somewhat 6 9.0 3 8.1 3 10.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 37 100.0 30 100.0

 

b. Maximum maturity of loans or credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.5 1 2.7 2 6.7
Remained basically unchanged 60 89.6 33 89.2 27 90.0
Eased somewhat 4 6.0 3 8.1 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 37 100.0 30 100.0

 

c. Costs of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 6.0 3 8.1 1 3.3
Remained basically unchanged 56 83.6 29 78.4 27 90.0
Eased somewhat 7 10.4 5 13.5 2 6.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 37 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 7.5 3 8.1 2 6.7
Remained basically unchanged 44 65.7 22 59.5 22 73.3
Eased somewhat 18 26.9 12 32.4 6 20.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 37 100.0 30 100.0

 

e. Premiums charged on riskier loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 7.5 3 8.1 2 6.7
Remained basically unchanged 60 89.6 32 86.5 28 93.3
Eased somewhat 2 3.0 2 5.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 37 100.0 30 100.0

 

f. Loan covenants

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.0 1 2.7 1 3.3
Remained basically unchanged 58 86.6 31 83.8 27 90.0
Eased somewhat 7 10.4 5 13.5 2 6.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 37 100.0 30 100.0

 

g. Collateralization requirements

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 66 98.5 37 100.0 29 96.7
Eased somewhat 1 1.5 0 0.0 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100.0 37 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 0 0.0 1 3.3
Remained basically unchanged 57 86.4 32 88.9 25 83.3
Eased somewhat 6 9.1 0 0.0 2 6.7
Eased considerably 2 3.0 0 0.0 2 6.7
Total 66 100.0 36 100.0 30 100.0

 

 

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

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

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 80.0 5 100.0 3 60.0
Somewhat important 1 10.0 0 0.0 10 20.0
Very important 1 10.0 0 0.0 1 25.0
Total 10 100.0 5 100.0 5 100.0

 

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 30.0 2 40.0 1 20.0
Somewhat important 5 50.0 3 60.0 2 40.0
Very important 2 20.0 0 0.0 2 40.0
Total 10 100.0 5 100.0 5 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 66.7 4 80.0 2 50.0
Somewhat important 3 33.3 1 20.0 2 50.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 5 100.0 4 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 50.0 3 60.0 2 40.0
Somewhat important 4 40.0 2 40.0 2 40.0
Very important 1 10.0 0 0.0 1 20.0
Total 10 100.0 5 100.0 5 100.0

 

e. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 80.0 5 100.0 3 60.0
Somewhat important 1 10.0 0 0.0 1 20.0
Very important 1 10.0 0 0.0 1 20.0
Total 10 100.0 5 100.0 5 100.0

 

f. Decreased liquidity in the secondary market for these loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 70.0 4 80.0 3 60.0
Somewhat important 3 30.0 1 20.0 2 40.0
Very important 0 0.0 0 0.0 0 0.0
Total 10 100.0 5 100.0 5 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 70.0 5 100.0 2 40.0
Somewhat important 2 20.0 0 0.0 2 40.0
Very important 1 10.0 0 0.0 1 20.0
Total 10 100.0 5 100.0 5 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 45.5 4 80.0 1 16.7
Somewhat important 2 18.2 0 0.0 12 33.3
Very important 4 36.4 1 20.0 3 50.0
Total 11 100.0 5 100.0 6 100.0

 

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

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 22 84.6 16 88.9 6 75.0
Somewhat important 3 11.5 2 11.1 1 12.5
Very important 1 3.8 0 0.0 1 12.5
Total 26 100.0 18 100.0 8 100.0

 

b. More favorable or less uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 18 72.0 14 77.8 4 57.1
Somewhat important 6 24.0 3 16.7 3 42.9
Very important 1 4.0 1 5.6 0 0.0
Total 25 100.0 18 100.0 7 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 22 88.0 15 88.2 7 87.5
Somewhat important 2 8.0 1 5.9 1 12.5
Very important 1 4.0 1 5.9 0 0.0
Total 25 100.0 17 100.0 8 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 13.8 2 10.0 2 22.2
Somewhat important 11 37.9 8 40.0 3 33.3
Very important 14 48.3 10 50.0 4 44.4
Total 29 100.0 20 100.0 9 100.0

 

e. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 19 73.1 13 72.2 6 75.0
Somewhat important 7 26.9 5 27.8 2 25.0
Very important 0 0.0 0 0.0 0 0.0
Total 26 100.0 18 100.0 8 100.0

 

f. Increased liquidity in the secondary market for these loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 21 80.8 13 72.2 8 100.0
Somewhat important 5 19.2 5 27.8 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 26 100.0 18 100.0 8 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 23 92.0 16 94.1 7 87.5
Somewhat important 2 8.0 1 5.9 1 12.5
Very important 0 0.0 0 0.0 0 0.0
Total 25 100.0 17 100.0 8 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 23 92.0 17 94.4 6 85.7
Somewhat important 2 8.0 1 5.6 1 14.3
Very important 0 0.0 0 0.0 0 0.0
Total 25 100.0 18 100.0 7 100.0

 

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.)

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 10 14.1 8 19.5 2 6.7
About the same 43 60.6 23 56.1 20 66.7
Moderately weaker 18 25.4 10 24.4 8 26.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 71 100.0 41 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.5 0 0.0 1 3.3
Moderately stronger 9 13.2 8 21.1 1 3.3
About the same 46 67.6 24 63.2 22 73.3
Moderately weaker 12 17.6 6 15.8 6 20.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 68 100.0 38 100.0 30 100.0

 

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

 

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

 

a. Customer inventory financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 33.3 4 40.0 0 0.0
Somewhat important 7 58.3 5 50.0 2 100.0
Very important 1 8.3 1 10.0 0. 0.0
Total 12 100.0 10 100.0 2 100.0

 

b. Customer accounts receivable financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 25.0 3 30.0 0 0.0
Somewhat important 8 66.7 6 60.0 2 100.0
Very important 1 8.3 1 10.0 0 0.0
Total 12 100.0 10 100.0 2 100.0

 

c. Customer investment in plant or equipment increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 16.7 2 20.0 0 0.0
Somewhat important 8 66.7 7 70.0 1 50.0
Very important 2 16.7 1 10.0 1 50.0
Total 12 100.0 10 100.0 2 100.0

 

d. Customer internally generated funds decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 72.7 7 77.8 1 50.0
Somewhat important 1 9.1 1 11.1 0 0.0
Very important 2 18.2 1 11.1 1 50.0
Total 11 100.0 9 100.0 2 100.0

 

e. Customer merger or acquisition financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 25.0 2 20.0 1 50.0
Somewhat important 6 50.0 5 50.0 1 50.0
Very important 3 25.0 3 30.0 0 0.0
Total 12 100.0 10 100.0 2 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 72.7 7 77.8 1 50.0
Somewhat important 2 18.2 2 22.2 0 0.0
Very important 1 9.1 0 0.0 1 50.0
Total 11 100.0 9 100.0 2 100.0

 

g. Customers' precautionary demand for cash and liquidity increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 63.6 7 77.8 0 0.0
Somewhat important 3 27.3 1 11.1 2 100.0
Very important 1 9.1 1 11.1 0 0.0
Total 11 100.0 9 100.0 2 100.0

 

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

 

a. Customer inventory financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 37.5 3 33.3 3 42.9
Somewhat important 10 62.5 6 66.7 4 57.1
Very important 0 0.0 0 0.0 0 0.0
Total 16 100.0 9 100.0 7 100.0

 

b. Customer accounts receivable financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 40.0 3 33.3 3 50.0
Somewhat important 9 60.0 6 66.7 3 50.0
Very important 0 0.0 0 0.0 0 0.0
Total 15 100.0 9 100.0 6 100.0

 

c. Customer investment in plant or equipment decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 25.0 2 22.2 2 28.6
Somewhat important 12 75.0 7 77.8 5 71.4
Very important 0 0.0 0 0.0 0 0.0
Total 16 100.0 9 100.0 7 100.0

 

d. Customer internally generated funds increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 53.3 5 55.6 3 50.0
Somewhat important 6 40.0 4 44.4 2 33.3
Very important 1 6.7 0 0.0 1 16.7
Total 15 100.0 9 100.0 6 100.0

 

e. Customer merger or acquisition financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 37.5 3 30.0 3 50.0
Somewhat important 9 56.2 6 60.0 3 50.0
Very important 1 6.2 1 10.0 0 0.0
Total 16 100.0 10 100.0 6 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 62.5 7 70.0 3 50.0
Somewhat important 5 31.2 3 30.0 2 33.3
Very important 1 6.2 0 0.0 1 16.7
Total 16 100.0 10 100.0 6 100.0

 

g. Customers’ precautionary demand for cash and liquidity decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 12 80.0 7 77.8 5 83.3
Somewhat important 2 13.3 2 22.2 0 0.0
Very important 1 6.7 0 0.0 1 16.7
Total 15 100.0 9 100.0 6 100.0

 

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 Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
The number of inquiries has increased substantially 0 0.0 0 0.0 0 0.0
The number of inquiries has increased moderately 14 20.3 9 22.5 5 17.2
The number of inquiries has stayed about the same 42 60.9 23 57.5 19 65.5
The number of inquiries has decreased moderately 13 18.8 8 20.0 5 17.2
The number of inquiries has decreased substantially 0 0.0 0 0.0 0 0.0
Total 69 100.0 40 100.0 29 100.0

 

Questions 7-12 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.

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 7.1 2 5.0 3 10.0
Remained basically unchanged 62 88.6 36 90.0 26 86.7
Eased somewhat 3 4.3 2 5.0 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 70 100.0 40 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.6 2 4.9 2 6.7
Remained basically unchanged 66 93.0 39 95.1 27 90.0
Eased somewhat 1 1.4 0 0.0 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100.0 41 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.4 1 2.4 0 0.0
Tightened somewhat 16 22.2 6 14.3 10 33.3
Remained basically unchanged 54 75.0 34 81.0 20 66.7
Eased somewhat 1 1.4 1 2.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100.0 42 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 10 14.3 5 12.5 5 16.7
About the same 43 61.4 22 55.0 21 70.0
Moderately weaker 17 24.3 13 32.5 4 13.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 70 100.0 40 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 7 9.9 4 9.8 3 10.0
About the same 53 74.6 28 68.3 25 83.3
Moderately weaker 11 15.5 9 22.0 2 6.7
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 71 100.0 41 100.0 30 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 5 6.9 3 7.1 2 6.7
About the same 49 68.1 25 59.5 24 80.0
Moderately weaker 18 25.0 14 33.3 4 13.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 72 100.0 42 100.0 30 100.0

 

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 13-14 ask about seven categories of residential mortgage loans at your bank: Government-Sponsored Enterprise eligible (GSE-eligible) residential mortgages, government residential mortgages, Qualified Mortgage non-jumbo non-GSE-eligible (QM non-jumbo, non-GSE-eligible) residential mortgages, QM jumbo residential mortgages, non-QM jumbo residential mortgages, non-QM non-jumbo residential mortgages, and subprime residential mortgages. For the purposes of this survey, please use the following definitions of these loan categories and include first-lien closed-end loans to purchase homes only. The loan categories have been defined so that every first-lien closed-end residential mortgage loan used for home purchase fits into one of the following seven categories:

 

 

Question 13 deals with changes in your bank's credit standards for loans in each of the seven loan categories over the past three months. If your bank's credit standards have not changed over the relevant period, please report them as unchanged even if the standards are either restrictive or accommodative relative to longer-term norms. If your bank's credit standards have tightened or eased over the relevant period, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing standards as changes in standards. Question 14 deals with changes in demand for loans in each of the seven loan categories over the past three months.

 

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

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 56 88.9 28 84.8 28 93.3
Eased somewhat 6 9.5 5 15.2 1 3.3
Eased considerably 1 1.6 0 0.0 1 3.3
Total 63 100.0 33 100.0 30 100.0

 

For this question, 4 respondents answered "My bank does not originate GSE-eligible residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 60 98.4 32 97.0 28 100.0
Eased somewhat 1 1.6 1 3.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100.0 33 100.0 28 100.0

 

For this question, 6 respondents answered "My bank does not originate government residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 58 95.1 32 94.1 26 96.3
Eased somewhat 3 4.9 2 5.9 1 3.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100.0 34 100.0 27 100.0

 

For this question, 7 respondents answered "My bank does not originate QM non-jumbo, non-GSE-eligible residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.5 1 2.9 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 59 90.8 31 88.6 28 93.3
Eased somewhat 5 7.7 3 8.6 2 6.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100.0 35 100.0 30 100.0

 

For this question, 3 respondents answered "My bank does not originate QM jumbo residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.8 1 2.9 0 0.0
Tightened somewhat 2 3.6 1 2.9 1 4.8
Remained basically unchanged 49 89.1 31 91.2 18 85.7
Eased somewhat 3 5.5 1 2.9 2 9.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 34 100.0 21 100.0

 

For this question, 12 respondents answered "My bank does not originate non-QM jumbo residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.8 0 0.0 1 4.5
Remained basically unchanged 52 92.9 33 97.1 19 86.4
Eased somewhat 3 5.4 1 2.9 2 9.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 34 100.0 22 100.0

 

For this question, 12 respondents answered "My bank does not originate non-QM non-jumbo residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 25.0 0 0.0 1 50.0
Remained basically unchanged 3 75.0 2 100.0 1 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 4 100.0 2 100.0 2 100.0

 

For this question, 62 respondents answered "My bank does not originate subprime residential mortgages."

 

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

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 7 11.1 4 12.1 3 10.0
About the same 40 63.5 19 57.6 21 70.0
Moderately weaker 15 23.8 10 30.3 5 16.7
Substantially weaker 1 1.6 0 0.0 1 3.3
Total 63 100.0 33 100.0 30 100.0

 

For this question, 5 respondents answered "My bank does not originate GSE-eligible residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 6.7 3 9.4 1 3.6
About the same 45 75.0 24 75.0 21 75.0
Moderately weaker 10 16.7 5 15.6 5 17.9
Substantially weaker 1 1.7 0 0.0 1 3.6
Total 60 100.0 32 100.0 28 100.0

 

For this question, 7 respondents answered "My bank does not originate government residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 2 3.3 1 2.9 1 3.7
About the same 47 77.0 27 79.4 20 74.1
Moderately weaker 12 19.7 6 17.6 6 22.2
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 61 100.0 34 100.0 27 100.0

 

For this question, 7 respondents answered "My bank does not originate QM non-jumbo, non-GSE-eligible residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.6 1 2.9 0 0.0
Moderately stronger 5 7.8 4 11.4 1 3.4
About the same 45 70.3 21 60.0 24 82.8
Moderately weaker 13 20.3 9 25.7 4 13.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 64 100.0 35 100.0 29 100.0

 

For this question, 3 respondents answered "My bank does not originate QM jumbo residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 3 5.4 2 5.9 1 4.5
About the same 42 75.0 23 67.6 19 86.4
Moderately weaker 11 19.6 9 26.5 2 9.1
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 56 100.0 34 100.0 22 100.0

 

For this question, 12 respondents answered "My bank does not originate non-QM jumbo residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 3 5.4 1 2.9 2 9.1
About the same 44 78.6 27 79.4 17 77.3
Moderately weaker 9 16.1 6 17.6 3 13.6
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 56 100.0 34 100.0 22 100.0

 

For this question, 11 respondents answered "My bank does not originate non-QM non-jumbo residential mortgages."

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 1 25.0 0 0.0 1 50.0
About the same 3 75.0 2 100.0 1 50.0
Moderately weaker 0 0.0 0 0.0 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 4 100.0 2 100.0 2 100.0

 

For this question, 64 respondents answered "My bank does not originate subprime residential mortgages."

 

Questions 15-16 ask about revolving home equity lines of credit at your bank. Question 15 deals with changes in your bank's credit standards over the past three months. Question 16 deals with changes in demand. If your bank's credit standards have not changed over the relevant period, please report them as unchanged even if they are either restrictive or accommodative relative to longer-term norms. If your bank's credit standards have tightened or eased over the relevant period, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing standards as changes in standards.

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.5 0 0.0 1 3.4
Remained basically unchanged 62 95.4 35 97.2 27 93.1
Eased somewhat 2 3.1 1 2.8 1 3.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100.0 36 100.0 29 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 6 9.2 3 8.3 3 10.3
About the same 48 73.8 26 72.2 22 75.9
Moderately weaker 11 16.9 7 19.4 4 13.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 65 100.0 36 100.0 29 100.0

 

Questions 17-26 ask about consumer lending at your bank. Question 17 deals with changes in your bank's willingness to make consumer loans over the past three months. Questions 18-23 deal with changes in credit standards and loan terms over the same period. Questions 24-26 deal with changes in demand for consumer loans over the past three months. If your bank's lending policies have not changed over the past three months, please report them as unchanged even if the policies are either restrictive or accommodative relative to longer-term norms. If your bank's policies have tightened or eased over the past three months, please so report them regardless of how they stand relative to longer-term norms. Also, please report changes in enforcement of existing policies as changes in policies.

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Much more willing 0 0.0 0 0.0 0 0.0
Somewhat more willing 10 15.6 6 17.1 4 13.8
About unchanged 53 82.8 28 80.0 25 86.2
Somewhat less willing 1 1.6 1 2.9 0 0.0
Much less willing 0 0.0 0 0.0 0 0.0
Total 64 100.0 35 100.0 29 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.8 0 0.0 1 5.0
Tightened somewhat 8 14.5 7 20.0 1 5.0
Remained basically unchanged 42 76.4 25 71.4 17 85.0
Eased somewhat 4 7.3 3 8.6 1 5.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 35 100.0 20 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 6 9.8 4 12.1 2 7.1
Remained basically unchanged 55 90.2 29 87.9 26 92.9
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100.0 33 100.0 28 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 1 2.9 0 0.0
Remained basically unchanged 60 95.2 33 97.1 27 93.1
Eased somewhat 2 3.2 0 0.0 2 6.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0

 

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

 

a. Credit limits

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 9.6 5 14.7 0 0.0
Remained basically unchanged 43 82.7 26 76.5 17 94.4
Eased somewhat 4 7.7 3 8.8 1 5.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 34 100.0 18 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.9 2 5.9 1 5.9
Remained basically unchanged 47 92.2 32 94.1 15 88.2
Eased somewhat 1 2.0 0 0.0 1 5.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 34 100.0 17 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 2.0 1 3.0 0 0.0
Remained basically unchanged 50 98.0 32 97.0 18 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 33 100.0 18 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.9 0 0.0 1 5.6
Tightened somewhat 6 11.5 5 14.7 1 5.6
Remained basically unchanged 42 80.8 26 76.5 16 88.9
Eased somewhat 3 5.8 3 8.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 34 100.0 18 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.9 1 2.9 0 0.0
Tightened somewhat 5 9.6 3 8.8 2 11.1
Remained basically unchanged 45 86.5 29 85.3 16 88.9
Eased somewhat 1 1.9 1 2.9 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 34 100.0 18 100.0

 

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

 

a. Maximum maturity

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.0 2 6.1 1 3.7
Remained basically unchanged 54 90.0 29 87.9 25 92.6
Eased somewhat 3 5.0 2 6.1 1 3.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100.0 33 100.0 27 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.7 1 3.0 0 0.0
Tightened somewhat 8 13.5 5 15.2 3 11.1
Remained basically unchanged 50 83.3 27 81.8 23 85.2
Eased somewhat 1 1.7 0 0.0 1 3.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100.0 33 100.0 27 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 6.8 3 9.4 1 3.7
Remained basically unchanged 55 93.2 29 90.6 26 96.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100.0 32 100.0 27 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.1 2 6.2 1 3.7
Remained basically unchanged 56 94.9 30 93.8 26 96.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100.0 32 100.0 27 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 8.3 4 12.1 1 3.7
Remained basically unchanged 55 91.7 29 87.9 26 96.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100.0 33 100.0 27 100.0

 

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

 

a. Maximum maturity

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 63 100.0 34 100.0 29 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.6 1 2.9 0 0.0
Tightened somewhat 2 3.2 1 2.9 1 3.4
Remained basically unchanged 58 92.1 32 94.1 26 89.7
Eased somewhat 2 3.2 0 0.0 2 6.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 61 98.4 34 100.0 27 96.4
Eased somewhat 1 1.6 0 0.0 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 34 100.0 28 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 62 100.0 33 100.0 29 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 33 100.0 29 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 1 3.0 0 0.0
Remained basically unchanged 61 98.4 32 97.0 29 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100.0 33 100.0 29 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 5 9.3 4 11.4 1 5.3
About the same 44 81.5 29 82.9 15 78.9
Moderately weaker 4 7.4 2 5.7 2 10.5
Substantially weaker 1 1.9 0 0.0 1 5.3
Total 54 100.0 35 100.0 19 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 9 15.0 5 15.2 4 14.8
About the same 45 75.0 26 78.9 19 70.4
Moderately weaker 6 10.0 2 6.1 4 14.8
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 60 100.0 33 100.0 27 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 6.3 2 5.9 2 6.9
About the same 55 87.3 31 91.2 24 82.8
Moderately weaker 4 6.3 1 2.9 3 10.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 63 100.0 34 100.0 29 100.0

 

Questions 27-30 ask about factors influencing changes in standards and demand for consumer lending at your bank this year to prime and subprime borrowers.

 

27. If your bank has tightened its credit standards or its terms for auto or credit card loans to prime or subprime borrowers this year, how important have been the following reasons for the change? (Please respond to each question as appropriate.)

 

A. Possible reasons for tightening credit standards or terms this year on credit card loans to prime borrowers:

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 15 88.2 11 84.6 4 100.0
Somewhat important 1 5.9 1 7.7 0 0.0
Very important 1 5.9 1 7.7 0 0.0
Total 17 100.0 13 100.0 4 100.0

 

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 50.0 6 50.0 2 50.0
Somewhat important 5 31.2 3 25.0 2 50.0
Very important 3 18.8 3 25.0 0 0.0
Total 16 100.0 12 100.0 4 100.0

 

c. Deterioration or expected deterioration in the quality of your bank's existing loan portfolio

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 47.1 5 38.5 3 75.0
Somewhat important 3 17.6 3 23.1 0 0.0
Very important 6 35.3 5 38.5 1 25.0
Total 17 100.0 13 100.0 4 100.0

 

d. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 31.2 3 25.0 2 50.0
Somewhat important 6 37.5 6 50.0 0 0.0
Very important 5 31.2 3 25.0 2 50.0
Total 16 100.0 12 100.0 4 100.0

 

e. Less aggressive competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 14 93.3 10 90.9 4 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 1 6.7 1 9.1 0 0.0
Total 15 100.0 11 100.0 4 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 81.2 10 83.3 3 75.0
Somewhat important 1 6.2 1 8.3 0 0.0
Very important 2 12.5 1 8.3 1 25.0
Total 16 100.0 12 100.0 4 100.0

 

B. Possible reasons for tightening credit standards or terms this year on credit card loans to subprime borrowers:

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 81.8 6 75.0 3 100.0
Somewhat important 1 9.1 1 12.5 0 0.0
Very important 1 9.1 1 12.5 0 0.0
Total 11 100.0 8 100.0 3 100.0

 

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 36.4 3 37.5 1 33.3
Somewhat important 5 45.5 3 37.5 2 66.7
Very important 2 18.2 2 25.0 0 0.0
Total 11 100.0 8 100.0 3 100.0

 

c. Deterioration or expected deterioration in the quality of your bank's existing loan portfolio

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 27.3 1 12.5 2 66.7
Somewhat important 4 36.4 4 50.0 0 0.0
Very important 4 36.4 3 37.5 1 33.3
Total 11 100.0 8 100.0 1 100.0

 

d. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 36.4 3 37.5 1 33.3
Somewhat important 1 9.1 1 12.5 0 0.0
Very important 6 54.5 4 50.0 2 66.7
Total 11 100.0 8 100.0 3 100.0

 

e. Less aggressive competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 81.8 6 75.0 3 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 2 18.2 2 25.0 0 0.0
Total 11 100.0 8 100.0 3 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 81.8 7 87.5 2 66.7
Somewhat important 1 9.1 0 0.0 1 33.3
Very important 1 9.1 1 12.5 0 0.0
Total 11 100.0 8 100.0 3 100.0

 

C. Possible reasons for tightening credit standards or terms this year on auto loans to prime borrowers:

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 81.2 9 75.0 4 100.0
Somewhat important 2 12.5 2 16.7 0 0.0
Very important 1 6.2 1 8.3 0 0.0
Total 16 100.0 12 100.0 4 100.0

 

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 35.3 4 36.4 2 33.3
Somewhat important 8 47.1 5 45.5 3 50.0
Very important 3 17.6 2 18.2 1 16.7
Total 17 100.0 11 100.0 6 100.0

 

c. Deterioration or expected deterioration in the quality of your bank's existing loan portfolio

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 47.1 4 33.3 4 80.0
Somewhat important 4 23.5 4 33.3 0 0.0
Very important 5 29.4 4 33.3 1 20.0
Total 17 100.0 12 100.0 5 100.0

 

d. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 50.0 5 41.7 4 66.7
Somewhat important 5 27.8 4 33.3 1 16.7
Very important 4 22.2 3 25.0 1 16.7
Total 18 100.0 12 100.0 6 100.0

 

e. Less aggressive competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 76.5 8 66.7 5 100.0
Somewhat important 3 17.6 3 25.0 0 0.0
Very important 1 5.9 1 8.3 0 0.0
Total 17 100.0 12 100.0 5 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 55.6 6 50.0 4 66.7
Somewhat important 5 27.8 4 33.3 1 16.7
Very important 3 16.7 2 16.7 1 16.7
Total 18 100.0 12 100.0 6 100.0

 

g. Less favorable or more uncertain expectations regarding collateral values

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 22.2 2 16.7 2 33.3
Somewhat important 11 61.1 7 58.3 4 66.7
Very important 3 16.7 3 25.0 0 0.0
Total 18 100.0 12 100.0 6 100.0

 

h. Lower or more uncertain resale value for these loans in the secondary market

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 62.5 7 63.6 3 60.0
Somewhat important 3 18.8 2 18.2 1 20.0
Very important 3 18.8 2 18.2 1 20.0
Total 16 100.0 11 100.0 5 100.0

 

D. Possible reasons for tightening credit standards or terms this year on auto loans to subprime borrowers:

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 80.0 7 77.8 1 100.0
Somewhat important 1 10.0 1 11.1 0 0.0
Very important 1 10.0 1 11.1 0 0.0
Total 10 100.0 9 100.0 1 100.0

 

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 20.0 2 22.2 0 0.0
Somewhat important 5 50.0 5 55.6 0 0.0
Very important 3 30.0 2 22.2 1 10.0
Total 10 100.0 9 100.0 1 100.0

 

c. Deterioration or expected deterioration in the quality of your bank's existing loan portfolio

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 30.0 3 33.3 0 0.0
Somewhat important 3 30.0 3 33.3 0 0.0
Very important 4 40.0 3 33.3 1 100.0
Total 10 100.0 9 100.0 1 100.0

 

d. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 20.0 2 22.2 0 0.0
Somewhat important 3 30.0 3 33.3 0 0.0
Very important 5 50.0 4 44.4 1 100.0
Total 10 100.0 9 100.0 1 100.0

 

e. Less aggressive competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 70.0 6 66.7 1 100.0
Somewhat important 1 10.0 1 11.1 0 0.0
Very important 2 20.0 2 22.2 0 0.0
Total 10 100.0 9 100.0 1 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 40.0 4 44.4 0 0.0
Somewhat important 3 30.0 3 33.3 0 0.0
Very important 3 30.0 2 22.2 1 100.0
Total 10 100.0 9 100.0 1 100.0

 

g. Less favorable or more uncertain expectations regarding collateral values

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 20.0 2 22.2 0 0.0
Somewhat important 4 40.0 4 44.4 0 0.0
Very important 4 40.0 3 33.3 1 100.0
Total 10 100.0 9 100.0 1 100.0

 

h. Lower or more uncertain resale value for these loans in the secondary market

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 66.7 6 75.0 0 0.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 3 33.3 2 25.0 1 100.0
Total 9 100.0 8 100.0 1 100.0

28. If your bank has eased its credit standards or its terms for auto or credit card loans to prime or subprime borrowers this year, how important have been the following reasons for the change? (Please respond to each question as appropriate.)

 

A. Possible reasons for easing credit standards or terms this year on credit card loans to prime borrowers:

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 55.6 3 50.0 2 66.7
Somewhat important 3 33.3 2 33.3 1 33.3
Very important 1 11.1 1 16.7 0 0.0
Total 9 100.0 6 100.0 3 100.0

 

b. More favorable or less uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 44.4 3 50.0 1 33.3
Somewhat important 2 22.2 0 0.0 2 66.7
Very important 3 33.3 3 50.0 0 0.0
Total 9 100.0 6 100.0 3 100.0

 

c. Improvement or expected improvement in the quality of your bank's existing loan portfolio

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 44.4 2 33.3 3 66.7
Somewhat important 2 22.2 1 16.7 1 33.3
Very important 3 33.3 3 50.0 0 0.0
Total 9 100.0 6 100.0 3 100.0

 

d. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 37.5 1 20.0 2 66.7
Somewhat important 2 25.0 1 20.0 1 33.3
Very important 3 37.5 3 60.0 0 0.0
Total 8 100.0 5 100.0 3 100.0

 

e. More aggressive competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 33.3 2 33.3 1 33.3
Somewhat important 5 55.6 3 50.0 2 66.7
Very important 1 11.1 1 16.7 0 0.0
Total 9 100.0 6 100.0 3 100.0

 

f. Decreased concerns about the effects of legislative changes, supervisory actions, or changes in accounting standards

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 77.8 4 66.7 3 100.0
Somewhat important 1 11.1 1 16.7 0 0.0
Very important 1 11.1 1 16.7 1 25.0
Total 9 100.0 6 100.0 3 100.0

 

B. Possible reasons for easing credit standards or terms this year on credit card loans to subprime borrowers:

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 50.0 1 33.3 1 100.0
Somewhat important 1 25.0 1 33.3 0 0.0
Very important 1 25.0 1 33.3 0 0.0
Total 4 100.0 3 100.0 1 100.0

 

b. More favorable or less uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 50.0 1 33.3 1 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 2 50.0 2 66.7 0 0.0
Total 4 100.0 3 100.0 1 100.0

 

c. Improvement or expected improvement in the quality of your bank's existing loan portfolio

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 50.0 1 33.3 1 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 2 50.0 2 66.7 0 0.0
Total 4 100.0 3 100.0 1 100.0

 

d. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 50.0 1 33.3 1 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 2 50.0 2 66.7 0 0.0
Total 4 100.0 3 100.0 1 100.0

 

e. More aggressive competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 50.0 1 33.3 1 100.0
Somewhat important 1 25.0 1 33.3 0 0.0
Very important 1 25.0 1 33.3 0 0.0
Total 4 100.0 3 100.0 1 100.0

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 50.0 1 33.3 1 100.0
Somewhat important 1 25.0 1 33.3 0 0.0
Very important 1 25.0 1 33.3 0 0.0
Total 4 100.0 3 100.0 1 100.0

 

C. Possible reasons for easing credit standards or terms this year on auto loans to prime borrowers:

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 77.9 3 60.0 4 100.0
Somewhat important 1 11.1 1 20.0 0 0.0
Very important 1 11.1 1 20.0 0 0.0
Total 9 100.0 5 100.0 4 100.0

 

b. More favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 44.4 1 20.0 3 75.0
Somewhat important 4 44.4 3 60.0 1 25.0
Very important 1 11.1 1 20.0 0 0.0
Total 9 100.0 5 100.0 4 100.0

 

c. Improvement or expected improvement in the quality of your bank's existing loan portfolio

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 66.7 2 40.0 4 100.0
Somewhat important 1 11.1 1 20.0 0 0.0
Very important 2 22.2 2 40.0 0 0.0
Total 9 100.0 5 100.0 4 100.0

 

d. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 44.4 1 20.0 3 75.0
Somewhat important 2 22.2 1 20.0 1 25.0
Very important 3 33.3 3 60.0 0 0.0
Total 9 100.0 5 100.0 4 100.0

 

e. More aggressive competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 44.4 2 40.0 2 50.0
Somewhat important 3 33.3 2 40.0 1 25.0
Very important 2 22.2 1 20.0 1 25.0
Total 9 100.0 5 100.0 4 100.0

 

f. Decreased concerns about the effects of legislative changes, supervisory actions, or changes in accounting standards

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 66.7 2 40.0 4 100.0
Somewhat important 2 22.2 2 40.0 0 0.0
Very important 1 11.1 1 20.0 0 0.0
Total 9 100.0 5 100.0 4 100.0

 

g. More favorable or less uncertain expectations regarding collateral values

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 66.7 2 40.0 4 100.0
Somewhat important 2 22.2 2 40.0 0 0.0
Very important 1 11.1 1 20.0 0 0.0
Total 9 100.0 5 100.0 4 100.0

 

h. Higher or less uncertain resale value for these loans in the secondary market

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 66.7 2 40.0 4 100.0
Somewhat important 2 22.2 2 40.0 0 0.0
Very important 1 11.1 1 20.0 0 0.0
Total 9 100.0 5 100.0 4 100.0

 

D. Possible reasons for easing credit standards or terms this year on auto loans to subprime borrowers:

 

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 40.0 2 40.0 0 NaN
Somewhat important 2 40.0 2 40.0 0 NaN
Very important 1 20.0 1 20.0 0 NaN
Total 5 100.0 5 100.0 0 100.0

 

b. More favorable or less uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 40.0 2 40.0 0 NaN
Somewhat important 2 40.0 2 40.0 0 NaN
Very important 1 20.0 1 20.0 0 NaN
Total 5 100.0 5 100.0 0 NaN

 

c. Improvement or expected improvement in the quality of your bank's existing loan portfolio

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 1 20.0 1 20.0 0 NaN
Somewhat important 2 40.0 2 40.0 0 NaN
Very important 2 40.0 2 40.0 0 NaN
Total 5 100.0 5 100.0 0 NaN

 

d. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 60.0 3 60.0 0 NaN
Somewhat important 0 0.0 0 0.0 0 NaN
Very important 2 40.0 2 40.0 0 NaN
Total 5 100.0 5 100.0 0 100.0

 

e. More aggressive competition from other banks or nonbank lenders

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 60.0 3 60.0 0 NaN
Somewhat important 1 20.0 1 20.0 0 NaN
Very important 1 20.0 1 20.0 0 NaN
Total 5 100.0 5 100.0 0 100.0

 

f. Decreased concerns about the effects of legislative changes, supervisory actions, or changes in accounting standards

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 1 25.0 1 25.0 0 NaN
Somewhat important 2 50.0 2 50.0 0 NaN
Very important 1 25.0 1 25.0 0 NaN
Total 4 100.0 4 100.0 0 100.0

 

g. More favorable or less uncertain expectations regarding collateral values

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 50.0 2 50.0 0 NaN
Somewhat important 1 25.0 1 25.0 0 NaN
Very important 1 25.0 1 25.0 0 NaN
Total 4 100.0 4 100.0 0 100.0

 

h. Higher or less uncertain resale value for these loans in the secondary market

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 50.0 2 50.0 0 NaN
Somewhat important 1 25.0 1 25.0 0 NaN
Very important 1 25.0 1 25.0 0 NaN
Total 4 100.0 4 100.0 0 100.0

 

29. If demand for auto or credit card loans from prime or subprime borrowers has strengthened this year, how important have been the following reasons for the change? (Please respond to each question as appropriate.)

 

A. Possible reasons for strengthening of demand this year for credit card loans to prime borrowers:

 

a. Customer confidence improved

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 38.9 5 41.7 2 33.3
Somewhat important 9 50.0 6 50.0 3 50.0
Very important 2 11.1 1 8.3 1 16.7
Total 18 100.0 12 100.0 6 100.0

 

b. General level of interest rates decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 12 75.0 8 80.0 4 66.7
Somewhat important 3 18.8 2 20.0 1 16.7
Very important 1 6.2 0 0.0 1 16.7
Total 16 100.0 10 100.0 6 100.0

 

c. Customer ability to manage their debt service burdens improved

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 44.4 6 50.0 2 13.3
Somewhat important 10 55.6 6 50.0 4 66.7
Very important 0 0.0 0 0.0 0 0.0
Total 18 100.0 12 100.0 6 100.0

 

d. Customer propensity to fund purchases out of savings or income decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 11 68.8 6 60.0 5 83.3
Somewhat important 4 25.0 3 30.0 1 16.7
Very important 1 6.2 1 10.0 0 0.0
Total 16 100.0 10 100.0 6 100.0

 

e. Customer borrowing shifted to your bank from other bank or nonbank sources

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 58.8 7 63.6 3 50.0
Somewhat important 4 23.5 2 18.2 2 33.3
Very important 3 17.6 2 18.2 1 16.7
Total 17 100.0 11 100.0 6 100.0

 

B. Possible reasons for strengthening of demand this year for credit card loans to subprime borrowers:

 

a. Customer confidence improved

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 33.3 2 40.0 0 0.0
Somewhat important 4 66.7 3 60.0 1 100.0
Very important 0 0.0 0 0.0 0 0.0
Total 6 100.0 5 100.0 1 100.0

 

b. General level of interest rates decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 66.7 3 60.0 1 100.0
Somewhat important 2 33.3 2 40.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 6 100.0 5 100.0 1 100.0

 

c. Customer ability to manage their debt service burdens improved

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 50.0 3 60.0 0 0.0
Somewhat important 3 50.0 2 50.0 1 10.0
Very important 0 0.0 0 0.0 0 0.0
Total 6 100.0 5 100.0 1 100.0

 

d. Customer propensity to fund purchases out of savings or income decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 66.7 4 80.0 0 0.0
Somewhat important 2 33.3 1 20.0 1 100.0
Very important 0 0.0 0 0.0 0 0.0
Total 6 100.0 5 100.0 1 100.0

 

C. Possible reasons for strengthening of demand this year for auto loans to prime borrowers:

 

a. Customer confidence improved

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 20.0 2 25.0 1 14.3
Somewhat important 9 60.0 5 62.5 4 57.1
Very important 3 20.0 1 12.5 2 28.6
Total 15 100.0 8 100.0 7 100.0

 

b. General level of interest rates decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 69.2 4 66.7 5 71.4
Somewhat important 3 23.1 2 33.3 1 14.3
Very important 1 7.7 0 0.0 1 14.3
Total 13 100.0 6 100.0 7 100.0

 

c. Customer ability to manage their debt service burdens improved

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 42.9 3 42.9 3 42.9
Somewhat important 8 57.1 4 57.1 4 57.1
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 7 100.0 7 100.0

 

d. Customer propensity to fund purchases out of savings or income decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 46.2 3 50.0 3 42.9
Somewhat important 7 53.8 3 50.0 4 57.1
Very important 0 0.0 0 0.0 0 0.0
Total 13 100.0 6 100.0 7 100.0

 

e. Customer borrowing shifted to your bank from other bank or nonbank sources

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 46.7 4 50.0 3 42.9
Somewhat important 5 33.3 3 37.5 2 28.6
Very important 3 20.0 1 12.5 2 28.6
Total 15 100.0 8 100.0 7 100.0

 

D. Possible reasons for strengthening of demand this year for auto loans to subprime borrowers:

 

a. Customer confidence improved

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 33.3 2 40.0 0 0.0
Somewhat important 3 50.0 2 40.0 1 100.0
Very important 1 16.7 1 20.0 0 0.0
Total 6 100.0 5 100.0 1 100.0

 

b. General level of interest rates decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 50.0 2 40.0 0 0.0
Somewhat important 3 50.0 2 40.0 1 100.0
Very important 0 0.0 0 0.0 0 0.0
Total 6 100.0 5 100.0 1 100.0

 

c. Customer ability to manage their debt service burdens improved

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 66.7 3 60.0 1 100.0
Somewhat important 2 33.3 2 40.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 6 100.0 5 100.0 1 100.0

 

d. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 33.3 2 40.0 0 0.0
Somewhat important 4 66.7 3 60.0 1 100.0
Very important 0 0.0 0 0.0 0 0.0
Total 6 100.0 5 100.0 1 100.0

 

e. Customer borrowing shifted to your bank from other bank or nonbank sources

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 50.0 3 60.0 0 0.0
Somewhat important 1 16.7 1 20.0 0 0.0
Very important 2 33.3 1 20.0 1 100.0
Total 6 100.0 5 100.0 1 100.0

30. If demand for auto or credit card loans from prime or subprime borrowers has weakened this year, how important have been the following reasons for the change? (Please respond to each question as appropriate.)

 

A. Possible reasons for weakening of demand this year for credit card loans to prime borrowers:

 

a. Customer confidence deteriorated

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 27.3 1 16.7 2 40.0
Somewhat important 6 54.5 4 66.7 2 40.0
Very important 2 18.2 1 16.7 1 20.0
Total 11 100.0 6 100.0 5 100.0

 

b. General level of interest rates increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 45.5 3 50.0 2 40.0
Somewhat important 4 36.4 2 33.3 2 40.0
Very important 2 18.2 1 16.7 1 20.0
Total 11 100.0 6 100.0 5 100.0

 

c. Customer ability to manage their debt service burdens deteriorated

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 72.7 5 83.3 3 60.0
Somewhat important 2 18.2 1 16.7 1 20.0
Very important 1 9.1 0 0.0 1 20.0
Total 11 100.0 6 100.0 5 100.0

 

d. Customer propensity to fund purchases out of savings or income increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 70.0 4 80.0 3 60.0
Somewhat important 2 20.0 1 20.0 1 20.0
Very important 1 10.0 0 0.0 1 20.0
Total 10 100.0 5 100.0 5 100.0

 

e. Customer borrowing shifted to your bank from other bank or nonbank sources

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 36.4 2 33.3 2 40.0
Somewhat important 3 27.3 2 33.3 1 20.0
Very important 4 36.4 2 33.3 2 40.0
Total 11 100.0 6 100.0 5 100.0

 

B. Possible reasons for strengthening of demand this year for credit card loans to subprime borrowers:

 

a. Customer confidence deteriorated

 

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

 

b. General level of interest rates increased

 

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

 

c. Customer ability to manage their debt service burdens deteriorated

 

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

 

d. Customer propensity to fund purchases out of savings or income increased

 

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

 

e. Customer borrowing shifted from your bank to other bank or nonbank sources

 

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

 

C. Possible reasons for weakening of demand this year for auto loans to prime borrowers:

 

a. Customer confidence deteriorated

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 63.6 4 66.7 3 60.0
Somewhat important 2 18.2 1 16.7 1 20.0
Very important 2 18.2 1 16.7 1 20.0
Total 11 100.0 6 100.0 5 100.0

 

b. General level of interest rates increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 35.7 3 42.9 2 28.6
Somewhat important 6 42.9 3 42.9 3 42.9
Very important 3 21.4 1 14.3 2 28.6
Total 14 100.0 7 100.0 7 100.0

 

c. Customer ability to manage their debt service burdens deteriorated

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
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

 

d. Customer propensity to fund purchases out of savings or income increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 58.3 4 57.1 3 60.0
Somewhat important 4 33.3 3 42.9 1 20.0
Very important 1 8.3 0 0.0 1 20.0
Total 12 100.0 7 100.0 5 100.0

 

e. Customer borrowing shifted to your bank from other bank or nonbank sources

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 46.2 4 57.1 2 33.3
Somewhat important 3 23.1 1 14.3 2 33.3
Very important 4 30.8 2 28.6 2 33.3
Total 13 100.0 7 100.0 6 100.0

 

D. Possible reasons for weakening of demand this year for auto loans to subprime borrowers:

 

a. Customer confidence deteriorated

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 60.0 3 60.0 0 NaN
Somewhat important 1 20.0 1 20.0 0 NaN
Very important 1 20.0 1 20.0 0 NaN
Total 5 100.0 5 100.0 0 100.0

 

b. General level of interest rates decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 60.0 3 60.0 0 NaN
Somewhat important 2 40.0 2 40.0 0 NaN
Very important 0 0.0 0 0.0 0 0.0
Total 5 100.0 5 100.0 0 100.0

 

c. Customer ability to manage their debt service burdens deteriorated

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 40.0 2 40.0 0 NaN
Somewhat important 3 60.0 3 60.0 0 NaN
Very important 0 0.0 0 0.0 0 0.0
Total 5 100.0 5 100.0 0 100.0

 

d. Customer propensity to fund purchases out of savings or income increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 100.0 5 100.0 0 NaN
Somewhat important 0 0.0 0 0.0 0 NaN
Very important 0 0.0 0 0.0 0 NaN
Total 5 100.0 5 100.0 0 100.0

 

e. Customer borrowing shifted to your bank from other bank or nonbank sources

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 60.0 3 60.0 0 NaN
Somewhat important 0 0.0 0 0.0 0 NaN
Very important 2 40.0 2 40.0 0 NaN
Total 5 100.0 5 100.0 0 100.0

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 $20.5 billion or more as of June 30, 2017. The combined assets of the 42 large banks totaled $10 trillion, compared to $10.3 trillion for the entire panel of 72 banks, and $14.4 trillion for all domestically chartered, federally insured commercial banks. Return to text

Back to Top
Last Update: November 6, 2017