Table 1 PDF RSS DDP

Table 1 | Table 2 | Chart data
Table 1 (PDF) | Table 2 (PDF) | Charts (PDF)

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

(Status of Policy as of April 2019)

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 3 4.2 1 3.4 2 4.8
Remained basically unchanged 62 87.3 25 86.2 37 88.1
Eased somewhat 6 8.5 3 10.3 3 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 71 100 29 100 42 100

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

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.9 0 0.0 2 4.7
Remained basically unchanged 65 94.2 26 100.0 39 90.7
Eased somewhat 2 2.9 0 0.0 2 4.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100 26 100 43 100

For this question, 2 respondents answered "My bank does not originate C&I loans or credit lines to small firms."

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

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

a. Maximum size of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 62 89.9 25 89.3 37 90.2
Eased somewhat 6 8.7 3 10.7 3 7.3
Eased considerably 1 1.4 0 0.0 1 2.4
Total 69 100 28 100 41 100

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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 66 97.1 27 100.0 39 95.1
Eased somewhat 2 2.9 0 0.0 2 4.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 27 100 41 100

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 1 1.5 0 0.0 1 2.4
Remained basically unchanged 59 86.8 25 92.6 34 82.9
Eased somewhat 8 11.8 2 7.4 6 14.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 27 100 41 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.8 0 0.0 4 9.8
Remained basically unchanged 42 60.9 19 67.9 23 56.1
Eased somewhat 23 33.3 9 32.1 14 34.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100 28 100 41 100

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 6 8.8 3 11.1 3 7.3
Remained basically unchanged 55 80.9 21 77.8 34 82.9
Eased somewhat 7 10.3 3 11.1 4 9.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 27 100 41 100

f. Loan covenants

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.4 0 0.0 1 2.4
Remained basically unchanged 57 82.6 21 75.0 36 87.8
Eased somewhat 11 15.9 7 25.0 4 9.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100 28 100 41 100

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 2 3.0 1 3.7 1 2.5
Remained basically unchanged 64 95.5 26 96.3 38 95.0
Eased somewhat 1 1.5 0 0.0 1 2.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100 27 100 40 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.0 1 3.7 1 2.6
Remained basically unchanged 63 95.5 26 96.3 37 94.9
Eased somewhat 1 1.5 0 0.0 1 2.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 66 100 27 100 39 100

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

a. Maximum size of credit lines

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 67 98.5 25 100.0 42 97.7
Eased somewhat 1 1.5 0 0.0 1 2.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 25 100 43 100

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 1 1.5 0 0.0 1 2.3
Remained basically unchanged 66 97.1 25 100.0 41 95.3
Eased somewhat 1 1.5 0 0.0 1 2.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 25 100 43 100

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 1 1.5 0 0.0 1 2.3
Remained basically unchanged 64 94.1 25 100.0 39 90.7
Eased somewhat 3 4.4 0 0.0 3 7.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 25 100 43 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 5.9 0 0.0 4 9.3
Remained basically unchanged 50 73.5 19 76.0 31 72.1
Eased somewhat 14 20.6 6 24.0 8 18.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 25 100 43 100

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 3 4.4 0 0.0 3 7.0
Remained basically unchanged 63 92.6 24 96.0 39 90.7
Eased somewhat 2 2.9 1 4.0 1 2.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 25 100 43 100

f. Loan covenants

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 2.9 0 0.0 2 4.7
Remained basically unchanged 63 92.6 25 100.0 38 88.4
Eased somewhat 3 4.4 0 0.0 3 7.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 25 100 43 100

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 1 1.5 0 0.0 1 2.3
Remained basically unchanged 67 98.5 25 100.0 42 97.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 25 100 43 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.7 1 4.3 2 4.9
Remained basically unchanged 60 93.8 22 95.7 38 92.7
Eased somewhat 1 1.6 0 0.0 1 2.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 23 100 41 100

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

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

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 72.7 3 100.0 5 62.5
Somewhat important 1 9.1 0 0.0 1 12.5
Very important 2 18.2 0 0.0 2 25.0
Total 11 100 3 100 8 100

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 1 8.3 0 0.0 1 11.1
Somewhat important 8 66.7 2 66.7 6 66.7
Very important 3 25.0 1 33.3 2 22.2
Total 12 100 3 100 9 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 36.4 0 0.0 4 50.0
Somewhat important 6 54.5 2 66.7 4 50.0
Very important 1 9.1 1 33.3 0 0.0
Total 11 100 3 100 8 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 81.8 3 100.0 6 75.0
Somewhat important 2 18.2 0 0.0 2 25.0
Very important 0 0.0 0 0.0 0 0.0
Total 11 100 3 100 8 100

e. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 36.4 2 66.7 2 25.0
Somewhat important 5 45.5 1 33.3 4 50.0
Very important 2 18.2 0 0.0 2 25.0
Total 11 100 3 100 8 100

f. Decreased liquidity in the secondary market for these loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 90.0 3 100.0 6 85.7
Somewhat important 1 10.0 0 0.0 1 14.3
Very important 0 0.0 0 0.0 0 0.0
Total 10 100 3 100 7 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 63.6 2 66.7 5 62.5
Somewhat important 3 27.3 0 0.0 3 37.5
Very important 1 9.1 1 33.3 0 0.0
Total 11 100 3 100 8 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 50.0 1 50.0 4 50.0
Somewhat important 5 50.0 1 50.0 4 50.0
Very important 0 0.0 0 0.0 0 0.0
Total 10 100 2 100 8 100

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 25 86.2 13 86.7 12 85.7
Somewhat important 4 13.8 2 13.3 2 14.3
Very important 0 0.0 0 0.0 0 0.0
Total 29 100 15 100 14 100

b. More favorable or less uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 20 69.0 9 60.0 11 78.6
Somewhat important 8 27.6 5 33.3 3 21.4
Very important 1 3.4 1 6.7 0 0.0
Total 29 100 15 100 14 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 22 84.6 12 92.3 10 76.9
Somewhat important 3 11.5 1 7.7 2 15.4
Very important 1 3.8 0 0.0 1 7.7
Total 26 100 13 100 13 100

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 1 3.4 1 7.1 0 0.0
Somewhat important 19 65.5 8 57.1 11 73.3
Very important 9 31.0 5 35.7 4 26.7
Total 29 100 14 100 15 100

e. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 20 71.4 10 71.4 10 71.4
Somewhat important 7 25.0 3 21.4 4 28.6
Very important 1 3.6 1 7.1 0 0.0
Total 28 100 14 100 14 100

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 77.8 11 84.6 10 71.4
Somewhat important 6 22.2 2 15.4 4 28.6
Very important 0 0.0 0 0.0 0 0.0
Total 27 100 13 100 14 100

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 26 96.3 13 100.0 13 92.9
Somewhat important 1 3.7 0 0.0 1 7.1
Very important 0 0.0 0 0.0 0 0.0
Total 27 100 13 100 14 100

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 25 92.6 13 100.0 12 85.7
Somewhat important 2 7.4 0 0.0 2 14.3
Very important 0 0.0 0 0.0 0 0.0
Total 27 100 13 100 14 100

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 6 20.7 4 9.5
About the same 39 54.9 11 37.9 28 66.7
Moderately weaker 21 29.6 11 37.9 10 23.8
Substantially weaker 1 1.4 1 3.4 0 0.0
Total 71 100 29 100 42 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 5 7.4 2 8.0 3 7.0
About the same 51 75.0 18 72.0 33 76.7
Moderately weaker 12 17.6 5 20.0 7 16.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 68 100 25 100 43 100

5. If demand for C&I loans has strengthened or weakened over the past three months (as described in question 4), how important have been the following possible reasons for the change? (Please respond to either A, B, or both as appropriate.)

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

a. Customer inventory financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 23.1 2 28.6 1 16.7
Somewhat important 9 69.2 5 71.4 4 66.7
Very important 1 7.7 0 0.0 1 16.7
Total 13 100 7 100 6 100

b. Customer accounts receivable financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 30.8 3 42.9 1 16.7
Somewhat important 9 69.2 4 57.1 5 83.3
Very important 0 0.0 0 0.0 0 0.0
Total 13 100 7 100 6 100

c. Customer investment in plant or equipment increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 30.8 2 28.6 2 33.3
Somewhat important 8 61.5 5 71.4 3 50.0
Very important 1 7.7 0 0.0 1 16.7
Total 13 100 7 100 6 100

d. Customer internally generated funds decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 83.3 6 100.0 4 66.7
Somewhat important 2 16.7 0 0.0 2 33.3
Very important 0 0.0 0 0.0 0 0.0
Total 12 100 6 100 6 100

e. Customer merger or acquisition financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 21.4 1 12.5 2 33.3
Somewhat important 9 64.3 6 75.0 3 50.0
Very important 2 14.3 1 12.5 1 16.7
Total 14 100 8 100 6 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 41.7 2 33.3 3 50.0
Somewhat important 6 50.0 4 66.7 2 33.3
Very important 1 8.3 0 0.0 1 16.7
Total 12 100 6 100 6 100

g. Customer precautionary demand for cash and liquidity increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 90.9 5 100.0 5 83.3
Somewhat important 1 9.1 0 0.0 1 16.7
Very important 0 0.0 0 0.0 0 0.0
Total 11 100 5 100 6 100

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

a. Customer inventory financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 12 63.2 7 70.0 5 55.6
Somewhat important 7 36.8 3 30.0 4 44.4
Very important 0 0.0 0 0.0 0 0.0
Total 19 100 10 100 9 100

b. Customer accounts receivable financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 12 63.2 6 60.0 6 66.7
Somewhat important 7 36.8 4 40.0 3 33.3
Very important 0 0.0 0 0.0 0 0.0
Total 19 100 10 100 9 100

c. Customer investment in plant or equipment decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 40.0 6 54.5 2 22.2
Somewhat important 12 60.0 5 45.5 7 77.8
Very important 0 0.0 0 0.0 0 0.0
Total 20 100 11 100 9 100

d. Customer internally generated funds increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 14 66.7 6 54.5 8 80.0
Somewhat important 7 33.3 5 45.5 2 20.0
Very important 0 0.0 0 0.0 0 0.0
Total 21 100 11 100 10 100

e. Customer merger or acquisition financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 23.8 0 0.0 5 55.6
Somewhat important 14 66.7 11 91.7 3 33.3
Very important 2 9.5 1 8.3 1 11.1
Total 21 100 12 100 9 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 42.9 5 45.5 4 40.0
Somewhat important 10 47.6 5 45.5 5 50.0
Very important 2 9.5 1 9.1 1 10.0
Total 21 100 11 100 10 100

g. Customer precautionary demand for cash and liquidity decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 14 73.7 8 80.0 6 66.7
Somewhat important 5 26.3 2 20.0 3 33.3
Very important 0 0.0 0 0.0 0 0.0
Total 19 100 10 100 9 100

6. At your bank, apart from seasonal variation, how has the number of inquiries from potential business borrowers regarding the availability and terms of new credit lines or increases in existing lines changed over the past three months? (Please consider only inquiries for additional or increased C&I lines as opposed to the refinancing of existing loans.)

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
The number of inquiries has increased substantially 0 0.0 0 0.0 0 0.0
The number of inquiries has increased moderately 9 12.7 2 7.1 7 16.3
The number of inquiries has stayed about the same 47 66.2 17 60.7 30 69.8
The number of inquiries has decreased moderately 15 21.1 9 32.1 6 14.0
The number of inquiries has decreased substantially 0 0.0 0 0.0 0 0.0
Total 71 100 28 100 43 100

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

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 13 18.6 3 11.1 10 23.3
Remained basically unchanged 54 77.1 23 85.2 31 72.1
Eased somewhat 2 2.9 1 3.7 1 2.3
Eased considerably 1 1.4 0 0.0 1 2.3
Total 70 100 27 100 43 100

For this question, 2 respondents answered "My bank does not originate construction and land development loans or credit lines."

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 9 12.5 2 6.9 7 16.3
Remained basically unchanged 61 84.7 26 89.7 35 81.4
Eased somewhat 1 1.4 1 3.4 0 0.0
Eased considerably 1 1.4 0 0.0 1 2.3
Total 72 100 29 100 43 100

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 0 0.0 1 2.3
Tightened somewhat 9 12.5 2 6.9 7 16.3
Remained basically unchanged 58 80.6 27 93.1 31 72.1
Eased somewhat 4 5.6 0 0.0 4 9.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 72 100 29 100 43 100

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.4 0 0.0 1 2.3
Moderately stronger 0 0.0 0 0.0 0 0.0
About the same 49 70.0 21 77.8 28 65.1
Moderately weaker 20 28.6 6 22.2 14 32.6
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 70 100 27 100 43 100

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.4 0 0.0 1 2.3
Moderately stronger 4 5.6 1 3.4 3 7.0
About the same 52 72.2 23 79.3 29 67.4
Moderately weaker 15 20.8 5 17.2 10 23.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 72 100 29 100 43 100

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.4 0 0.0 1 2.3
Moderately stronger 5 6.9 3 10.3 2 4.7
About the same 53 73.6 22 75.9 31 72.1
Moderately weaker 12 16.7 4 13.8 8 18.6
Substantially weaker 1 1.4 0 0.0 1 2.3
Total 72 100 29 100 43 100

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

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

  • The GSE-eligible category of residential mortgages includes loans that meet the underwriting guidelines, including loan limit amounts, of the GSEs - Fannie Mae and Freddie Mac.
  • The government category of residential mortgages includes loans that are insured by the Federal Housing Administration, guaranteed by the Department of Veterans Affairs, or originated under government programs, including the U.S. Department of Agriculture home loan programs.
  • The QM non-jumbo, non-GSE-eligible category of residential mortgages includes loans that satisfy the standards for a qualified mortgage and have loan balances that are below the loan limit amounts set by the GSEs but otherwise do not meet the GSE underwriting guidelines.
  • The QM jumbo category of residential mortgages includes loans that satisfy the standards for a qualified mortgage but have loan balances that are above the loan limit amount set by the GSEs.
  • The non-QM jumbo category of residential mortgages includes loans that do not satisfy the standards for a qualified mortgage and have loan balances that are above the loan limit amount set by the GSEs.
  • The non-QM non-jumbo category of residential mortgages includes loans that do not satisfy the standards for a qualified mortgage and have loan balances that are below the loan limit amount set by the GSEs. (Please exclude loans classified by your bank as subprime in this category.)
  • The subprime category of residential mortgages includes loans classified by your bank as subprime. This category typically includes loans made to borrowers with weakened credit histories that include payment delinquencies, charge-offs, judgements, and/or bankruptcies; reduced repayment capacity as measured by credit scores or debt-to-income ratios; or incomplete credit histories.


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

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

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.6 0 0.0 1 2.5
Remained basically unchanged 59 93.7 21 91.3 38 95.0
Eased somewhat 3 4.8 2 8.7 1 2.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100 23 100 40 100

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

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.3 0 0.0 2 5.1
Remained basically unchanged 56 91.8 20 90.9 36 92.3
Eased somewhat 3 4.9 2 9.1 1 2.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100 22 100 39 100

For this question, 10 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 2 3.1 0 0.0 2 4.9
Remained basically unchanged 57 89.1 20 87.0 37 90.2
Eased somewhat 5 7.8 3 13.0 2 4.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 23 100 41 100

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 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 0 0.0 2 4.9
Remained basically unchanged 58 89.2 21 87.5 37 90.2
Eased somewhat 5 7.7 3 12.5 2 4.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 24 100 41 100

For this question, 6 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 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.1 0 0.0 3 8.8
Remained basically unchanged 49 83.1 22 88.0 27 79.4
Eased somewhat 7 11.9 3 12.0 4 11.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100 25 100 34 100

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 3 5.2 0 0.0 3 9.1
Remained basically unchanged 50 86.2 22 88.0 28 84.8
Eased somewhat 5 8.6 3 12.0 2 6.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 25 100 33 100

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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 7 100.0 1 100.0 6 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 7 100 1 100 6 100

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

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

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.6 1 4.3 0 0.0
Moderately stronger 10 15.9 3 13.0 7 17.5
About the same 30 47.6 10 43.5 20 50.0
Moderately weaker 16 25.4 6 26.1 10 25.0
Substantially weaker 6 9.5 3 13.0 3 7.5
Total 63 100 23 100 40 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 7 11.5 3 13.6 4 10.3
About the same 33 54.1 10 45.5 23 59.0
Moderately weaker 17 27.9 6 27.3 11 28.2
Substantially weaker 4 6.6 3 13.6 1 2.6
Total 61 100 22 100 39 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.6 1 4.3 0 0.0
Moderately stronger 6 9.5 3 13.0 3 7.5
About the same 35 55.6 11 47.8 24 60.0
Moderately weaker 18 28.6 6 26.1 12 30.0
Substantially weaker 3 4.8 2 8.7 1 2.5
Total 63 100 23 100 40 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.5 1 4.2 0 0.0
Moderately stronger 9 13.8 3 12.5 6 14.6
About the same 37 56.9 12 50.0 25 61.0
Moderately weaker 13 20.0 5 20.8 8 19.5
Substantially weaker 5 7.7 3 12.5 2 4.9
Total 65 100 24 100 41 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.7 1 4.0 0 0.0
Moderately stronger 7 11.9 4 16.0 3 8.8
About the same 37 62.7 14 56.0 23 67.6
Moderately weaker 11 18.6 4 16.0 7 20.6
Substantially weaker 3 5.1 2 8.0 1 2.9
Total 59 100 25 100 34 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 1.7 1 4.0 0 0.0
Moderately stronger 6 10.3 4 16.0 2 6.1
About the same 34 58.6 14 56.0 20 60.6
Moderately weaker 15 25.9 5 20.0 10 30.3
Substantially weaker 2 3.4 1 4.0 1 3.0
Total 58 100 25 100 33 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 NaN 0 0.0
Moderately stronger 0 0.0 0 NaN 0 0.0
About the same 5 100.0 0 NaN 5 100.0
Moderately weaker 0 0.0 0 NaN 0 0.0
Substantially weaker 0 0.0 0 NaN 0 0.0
Total 5 100 0 100 5 100

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

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 4.6 2 8.0 1 2.5
Remained basically unchanged 60 92.3 22 88.0 38 95.0
Eased somewhat 2 3.1 1 4.0 1 2.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 25 100 40 100

For this question, 5 respondents answered "My bank does not originate revolving home equity lines of credit."

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 7 10.8 3 12.0 4 10.0
About the same 35 53.8 11 44.0 24 60.0
Moderately weaker 23 35.4 11 44.0 12 30.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 65 100 25 100 40 100

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 4 6.6 2 9.1 2 5.1
About unchanged 56 91.8 19 86.4 37 94.9
Somewhat less willing 1 1.6 1 4.5 0 0.0
Much less willing 0 0.0 0 0.0 0 0.0
Total 61 100 22 100 39 100

For this question, 10 respondents answered "My bank does not originate consumer installment loans."

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 15.2 5 21.7 2 8.7
Remained basically unchanged 39 84.8 18 78.3 21 91.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 46 100 23 100 23 100

For this question, 23 respondents answered "My bank does not originate credit card loans to individuals or households."

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 7.0 3 15.0 1 2.7
Remained basically unchanged 50 87.7 15 75.0 35 94.6
Eased somewhat 3 5.3 2 10.0 1 2.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 20 100 37 100

For this question, 12 respondents answered "My bank does not originate auto loans to individuals or households."

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.1 2 10.0 1 2.6
Remained basically unchanged 54 91.5 17 85.0 37 94.9
Eased somewhat 2 3.4 1 5.0 1 2.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100 20 100 39 100

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

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

a. Credit limits

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 9.3 4 17.4 0 0.0
Remained basically unchanged 37 86.0 19 82.6 18 90.0
Eased somewhat 2 4.7 0 0.0 2 10.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 23 100 20 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 41 95.3 23 100.0 18 90.0
Eased somewhat 2 4.7 0 0.0 2 10.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 23 100 20 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 42 97.7 23 100.0 19 95.0
Eased somewhat 1 2.3 0 0.0 1 5.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 23 100 20 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 4.8 1 4.5 1 5.0
Remained basically unchanged 39 92.9 21 95.5 18 90.0
Eased somewhat 1 2.4 0 0.0 1 5.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 42 100 22 100 20 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 4.7 1 4.3 1 5.0
Remained basically unchanged 40 93.0 22 95.7 18 90.0
Eased somewhat 1 2.3 0 0.0 1 5.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100 23 100 20 100

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

a. Maximum maturity

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.8 1 5.0 0 0.0
Remained basically unchanged 55 96.5 18 90.0 37 100.0
Eased somewhat 1 1.8 1 5.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 20 100 37 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 9 15.8 4 20.0 5 13.5
Remained basically unchanged 45 78.9 15 75.0 30 81.1
Eased somewhat 3 5.3 1 5.0 2 5.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 20 100 37 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.8 1 5.0 0 0.0
Remained basically unchanged 56 98.2 19 95.0 37 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 20 100 37 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.8 1 5.0 0 0.0
Remained basically unchanged 56 98.2 19 95.0 37 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 20 100 37 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.8 1 5.0 0 0.0
Remained basically unchanged 55 96.5 18 90.0 37 100.0
Eased somewhat 1 1.8 1 5.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 20 100 37 100

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

a. Maximum maturity

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 57 100.0 21 100.0 36 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 21 100 36 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.3 1 4.8 2 5.6
Remained basically unchanged 53 93.0 20 95.2 33 91.7
Eased somewhat 1 1.8 0 0.0 1 2.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 21 100 36 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 57 100.0 21 100.0 36 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 21 100 36 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.8 0 0.0 1 2.8
Tightened somewhat 1 1.8 1 4.8 0 0.0
Remained basically unchanged 54 94.7 19 90.5 35 97.2
Eased somewhat 1 1.8 1 4.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 21 100 36 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.8 1 4.8 0 0.0
Remained basically unchanged 56 98.2 20 95.2 36 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 21 100 36 100

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 1 2.3 0 0.0 1 4.8
Moderately stronger 2 4.5 0 0.0 2 9.5
About the same 35 79.5 20 87.0 15 71.4
Moderately weaker 6 13.6 3 13.0 3 14.3
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 44 100 23 100 21 100

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 8 14.0 4 20.0 4 10.8
About the same 40 70.2 14 70.0 26 70.3
Moderately weaker 9 15.8 2 10.0 7 18.9
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 57 100 20 100 37 100

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

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 1 1.7 0 0.0 1 2.7
About the same 47 81.0 18 85.7 29 78.4
Moderately weaker 10 17.2 3 14.3 7 18.9
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 58 100 21 100 37 100

Questions 27-30 ask how your bank has changed its lending policies over the past year for three different types of commercial real estate (CRE) loans: construction and land development loans, loans secured by nonfarm nonresidential properties, and loans secured by multifamily residential properties. Question 31 deals with changes in demand for CRE loans over the past year.

27. Over the past year, how has your bank changed the following policies on construction and land development loans?

a. Maximum loan size

  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 1 3.8 0 0.0
Remained Basically Unchanged 56 82.4 19 73.1 37 88.1
Eased Somewhat 11 16.2 6 23.1 5 11.9
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 68 100 26 100 42 100

b. Maximum loan 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 66 97.1 25 96.2 41 97.6
Eased Somewhat 1 1.5 1 3.8 0 0.0
Eased Considerably 1 1.5 0 0.0 1 2.4
Total 68 100 26 100 42 100

c. Spread 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 7 10.3 3 11.5 4 9.5
Remained Basically Unchanged 42 61.8 13 50.0 29 69.0
Eased Somewhat 18 26.5 9 34.6 9 21.4
Eased Considerably 1 1.5 1 3.8 0 0.0
Total 68 100 26 100 42 100

d. Loan-to-value ratios (lower ratios=tightened, higher ratios=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 7.4 1 3.8 4 9.5
Remained Basically Unchanged 58 85.3 23 88.5 35 83.3
Eased Somewhat 5 7.4 2 7.7 3 7.1
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 68 100 26 100 42 100

e. Debt service coverage ratios (higher ratios=tightened, lower ratios=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened Considerably 0 0.0 0 0.0 0 0.0
Tightened Somewhat 6 8.8 1 3.8 5 11.9
Remained Basically Unchanged 58 85.3 24 92.3 34 81.0
Eased Somewhat 4 5.9 1 3.8 3 7.1
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 68 100 26 100 42 100

f. Market areas served (reduced market areas=tightened, expanded market areas=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened Considerably 1 1.5 0 0.0 1 2.4
Tightened Somewhat 1 1.5 0 0.0 1 2.4
Remained Basically Unchanged 59 86.8 23 88.5 36 85.7
Eased Somewhat 6 8.8 3 11.5 3 7.1
Eased Considerably 1 1.5 0 0.0 1 2.4
Total 68 100 26 100 42 100

g. Length of interest-only payment period (shorter interest-only periods=tightened, longer interest-only periods=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 2 2.9 0 0.0 2 4.8
Remained Basically Unchanged 58 85.3 24 92.3 34 81.0
Eased Somewhat 8 11.8 2 7.7 6 14.3
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 68 100 26 100 42 100

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

28. Over the past year, how has your bank changed the following policies on loans secured by nonfarm-nonresidential properties?

a. Maximum loan size

  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 82.4 20 76.9 36 85.7
Eased Somewhat 12 17.6 6 23.1 6 14.3
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 68 100 26 100 42 100

b. Maximum loan 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 1 1.5 0 0.0 1 2.4
Remained Basically Unchanged 61 91.0 22 88.0 39 92.9
Eased Somewhat 4 6.0 3 12.0 1 2.4
Eased Considerably 1 1.5 0 0.0 1 2.4
Total 67 100 25 100 42 100

c. Spread 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 7.4 2 7.7 3 7.1
Remained Basically Unchanged 38 55.9 11 42.3 27 64.3
Eased Somewhat 24 35.3 12 46.2 12 28.6
Eased Considerably 1 1.5 1 3.8 0 0.0
Total 68 100 26 100 42 100

d. Loan-to-value ratios (lower ratios=tightened, higher ratios=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened Considerably 0 0.0 0 0.0 0 0.0
Tightened Somewhat 6 8.8 1 3.8 5 11.9
Remained Basically Unchanged 55 80.9 21 80.8 34 81.0
Eased Somewhat 7 10.3 4 15.4 3 7.1
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 68 100 26 100 42 100

e. Debt service coverage ratios (higher ratios=tightened, lower ratios=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened Considerably 0 0.0 0 0.0 0 0.0
Tightened Somewhat 7 10.3 1 3.8 6 14.3
Remained Basically Unchanged 52 76.5 19 73.1 33 78.6
Eased Somewhat 9 13.2 6 23.1 3 7.1
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 68 100 26 100 42 100

f. Market areas served (reduced market areas=tightened, expanded market areas=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened Considerably 1 1.5 0 0.0 1 2.4
Tightened Somewhat 0 0.0 0 0.0 0 0.0
Remained Basically Unchanged 60 88.2 23 88.5 37 88.1
Eased Somewhat 6 8.8 3 11.5 3 7.1
Eased Considerably 1 1.5 0 0.0 1 2.4
Total 68 100 26 100 42 100

g. Length of interest-only payment period (shorter interest-only periods=tightened, longer interest-only periods=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 4.4 1 3.8 2 4.8
Remained Basically Unchanged 58 85.3 23 88.5 35 83.3
Eased Somewhat 7 10.3 2 7.7 5 11.9
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 68 100 26 100 42 100

For this question, 1 respondent answered "My bank does not originate nonfarm-nonresidential loans."

29. Over the past year, how has your bank changed the following policies on loans secured by multifamily residential properties?

a. Maximum loan size

  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 57 80.3 21 75.0 36 83.7
Eased Somewhat 14 19.7 7 25.0 7 16.3
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 71 100 28 100 43 100

b. Maximum loan 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 65 91.5 26 92.9 39 90.7
Eased Somewhat 5 7.0 2 7.1 3 7.0
Eased Considerably 1 1.4 0 0.0 1 2.3
Total 71 100 28 100 43 100

c. Spread 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 5.6 2 7.1 2 4.7
Remained Basically Unchanged 43 60.6 14 50.0 29 67.4
Eased Somewhat 23 32.4 11 39.3 12 27.9
Eased Considerably 1 1.4 1 3.6 0 0.0
Total 71 100 28 100 43 100

d. Loan-to-value ratios (lower ratios=tightened, higher ratios=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened Considerably 0 0.0 0 0.0 0 0.0
Tightened Somewhat 7 9.9 1 3.6 6 14.0
Remained Basically Unchanged 57 80.3 23 82.1 34 79.1
Eased Somewhat 7 9.9 4 14.3 3 7.0
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 71 100 28 100 43 100

e. Debt service coverage ratios (higher ratios=tightened, lower ratios=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened Considerably 0 0.0 0 0.0 0 0.0
Tightened Somewhat 7 10.0 2 7.1 5 11.9
Remained Basically Unchanged 55 78.6 22 78.6 33 78.6
Eased Somewhat 8 11.4 4 14.3 4 9.5
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 70 100 28 100 42 100

f. Market areas served (reduced market areas=tightened, expanded market areas=eased)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened Considerably 1 1.4 0 0.0 1 2.3
Tightened Somewhat 2 2.8 0 0.0 2 4.7
Remained Basically Unchanged 62 87.3 24 85.7 38 88.4
Eased Somewhat 5 7.0 4 14.3 1 2.3
Eased Considerably 1 1.4 0 0.0 1 2.3
Total 71 100 28 100 43 100

g. Length of interest-only payment period (shorter interest-only periods=tightened, longer interest-only periods=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 1 3.7 3 7.0
Remained Basically Unchanged 57 81.4 24 88.9 33 76.7
Eased Somewhat 9 12.9 2 7.4 7 16.3
Eased Considerably 0 0.0 0 0.0 0 0.0
Total 70 100 27 100 43 100

30. If your bank has tightened or eased its credit policies for CRE loans over the past year (as described in questions 27-29 above), how important have been the following possible reasons for the change?

A. Possible reasons for tightening credit policies on CRE loans over the past year (where tightening corresponds to answers 1 or 2 in questions 27-29 above):

a. Less favorable or more uncertain outlook for CRE property prices

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 27.8 1 20.0 4 30.8
Somewhat important 8 44.4 3 60.0 5 38.5
Very important 5 27.8 1 20.0 4 30.8
Total 18 100 5 100 13 100

b. 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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 16.7 1 20.0 2 15.4
Somewhat important 14 77.8 4 80.0 10 76.9
Very important 1 5.6 0 0.0 1 7.7
Total 18 100 5 100 13 100

c. Less favorable or more uncertain outlook for vacancy rates or other fundamentals on CRE properties

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 22.2 1 20.0 3 23.1
Somewhat important 10 55.6 4 80.0 6 46.2
Very important 4 22.2 0 0.0 4 30.8
Total 18 100 5 100 13 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 11 68.8 3 100.0 8 61.5
Somewhat important 5 31.2 0 0.0 5 38.5
Very important 0 0.0 0 0.0 0 0.0
Total 16 100 3 100 13 100

e. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 21.1 0 0.0 4 28.6
Somewhat important 11 57.9 5 100.0 6 42.9
Very important 4 21.1 0 0.0 4 28.6
Total 19 100 5 100 14 100

f. Decreased ability to securitize CRE loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 17 100.0 4 100.0 13 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 17 100 4 100 13 100

g. Increased concerns about my bank’s capital adequacy or liquidity position

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 14 87.5 3 100.0 11 84.6
Somewhat important 2 12.5 0 0.0 2 15.4
Very important 0 0.0 0 0.0 0 0.0
Total 16 100 3 100 13 100

h. Increased concerns about the effects of regulatory changes or supervisory actions

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 76.5 3 75.0 10 76.9
Somewhat important 3 17.6 0 0.0 3 23.1
Very important 1 5.9 1 25.0 0 0.0
Total 17 100 4 100 13 100

B. Possible reasons for easing credit policies on CRE loans over the past year (where easing corresponds to answers 4 or 5 in questions 27-29 above):

a. More favorable or less uncertain outlook for CRE property prices

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 20 62.5 8 53.3 12 70.6
Somewhat important 12 37.5 7 46.7 5 29.4
Very important 0 0.0 0 0.0 0 0.0
Total 32 100 15 100 17 100

b. 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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 22 68.8 12 80.0 10 58.8
Somewhat important 8 25.0 3 20.0 5 29.4
Very important 2 6.2 0 0.0 2 11.8
Total 32 100 15 100 17 100

c. More favorable or less uncertain outlook for vacancy rates or other fundamentals on CRE properties

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 16 50.0 8 53.3 8 47.1
Somewhat important 13 40.6 6 40.0 7 41.2
Very important 3 9.4 1 6.7 2 11.8
Total 32 100 15 100 17 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 12.1 2 12.5 2 11.8
Somewhat important 18 54.5 8 50.0 10 58.8
Very important 11 33.3 6 37.5 5 29.4
Total 33 100 16 100 17 100

e. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 27 84.4 12 80.0 15 88.2
Somewhat important 4 12.5 3 20.0 1 5.9
Very important 1 3.1 0 0.0 1 5.9
Total 32 100 15 100 17 100

f. Increased ability to securitize CRE loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 27 84.4 13 86.7 14 82.4
Somewhat important 5 15.6 2 13.3 3 17.6
Very important 0 0.0 0 0.0 0 0.0
Total 32 100 15 100 17 100

g. Reduced concerns about my bank’s capital adequacy or liquidity position

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 23 71.9 10 66.7 13 76.5
Somewhat important 9 28.1 5 33.3 4 23.5
Very important 0 0.0 0 0.0 0 0.0
Total 32 100 15 100 17 100

h. Reduced concerns about the effects of regulatory changes or supervisory actions

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 27 84.4 13 86.7 14 82.4
Somewhat important 5 15.6 2 13.3 3 17.6
Very important 0 0.0 0 0.0 0 0.0
Total 32 100 15 100 17 100

31. If demand for CRE loans from your bank has strengthened or weakened over the past year, how important have been the following possible reasons for the change?

A. Possible reasons for stronger CRE loan demand over the past year:

a. Customer acquisition or development of properties increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 32.1 2 20.0 7 38.9
Somewhat important 17 60.7 8 80.0 9 50.0
Very important 2 7.1 0 0.0 2 11.1
Total 28 100 10 100 18 100

b. Customer outlook for rental demand became more favorable or less uncertain

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 11 40.7 5 55.6 6 33.3
Somewhat important 14 51.9 2 22.2 12 66.7
Very important 2 7.4 2 22.2 0 0.0
Total 27 100 9 100 18 100

c. General level of interest rates decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 48.1 3 33.3 10 55.6
Somewhat important 11 40.7 3 33.3 8 44.4
Very important 3 11.1 3 33.3 0 0.0
Total 27 100 9 100 18 100

d. Customer internally generated funds decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 17 63.0 5 55.6 12 66.7
Somewhat important 9 33.3 4 44.4 5 27.8
Very important 1 3.7 0 0.0 1 5.6
Total 27 100 9 100 18 100

e. 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 16 59.3 3 33.3 13 72.2
Somewhat important 7 25.9 5 55.6 2 11.1
Very important 4 14.8 1 11.1 3 16.7
Total 27 100 9 100 18 100

f. Customer precautionary demand for cash and liquidity increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 18 69.2 5 55.6 13 76.5
Somewhat important 7 26.9 3 33.3 4 23.5
Very important 1 3.8 1 11.1 0 0.0
Total 26 100 9 100 17 100

B. Possible reasons for weaker CRE loan demand over the past year:

a. Customer acquisition or development of properties decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 14.3 1 9.1 4 16.7
Somewhat important 25 71.4 7 63.6 18 75.0
Very important 5 14.3 3 27.3 2 8.3
Total 35 100 11 100 24 100

b. Customer outlook for rental demand became less favorable or more uncertain

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 14 40.0 6 54.5 8 33.3
Somewhat important 20 57.1 5 45.5 15 62.5
Very important 1 2.9 0 0.0 1 4.2
Total 35 100 11 100 24 100

c. General level of interest rates increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 20 57.1 6 54.5 14 58.3
Somewhat important 14 40.0 4 36.4 10 41.7
Very important 1 2.9 1 9.1 0 0.0
Total 35 100 11 100 24 100

d. Customer internally generated funds increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 26 76.5 8 80.0 18 75.0
Somewhat important 8 23.5 2 20.0 6 25.0
Very important 0 0.0 0 0.0 0 0.0
Total 34 100 10 100 24 100

e. 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 11 31.4 2 20.0 9 36.0
Somewhat important 18 51.4 5 50.0 13 52.0
Very important 6 17.1 3 30.0 3 12.0
Total 35 100 10 100 25 100

f. Customer precautionary demand for cash and liquidity decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 22 66.7 7 77.8 15 62.5
Somewhat important 10 30.3 2 22.2 8 33.3
Very important 1 3.0 0 0.0 1 4.2
Total 33 100 9 100 24 100

Over the past year, developments in Asia and Europe may have affected lending conditions for nonfinancial firms with operations in the United States and with significant exposure to these regions. Question 32 asks you to indicate what fraction of C&I loans held on your bank's books were made to such firms. Questions 33 and 34 ask about your bank's outlook for delinquencies and charge-offs on loans to exposed firms and about changes in lending policies made by your bank over the past year to mitigate risks of loan losses from exposed firms. Question 35 asks about how developments in Asia and Europe may have affected loan demand from exposed firms.
In answering these questions, please consider your bank's C&I lending to exposed non-financial firms, including: firms operating in the United States with headquarters in Asia or Europe; and U.S. firms conducting a significant portion of their business with Asian or European firms or households, for example due to trade.

32. Approximately what fraction of outstanding C&I loans or lines of credit on your bank's books were made to nonfinancial firms with operations in the United States and significant exposure to developments in Asia or Europe?

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
More than 40 percent 1 1.5 1 3.6 0 0.0
More than 20 percent but less than 40 percent 6 8.8 4 14.3 2 5.0
More than 10 percent but less than 20 percent 10 14.7 8 28.6 2 5.0
More than 5 percent but less than 10 percent 5 7.4 3 10.7 2 5.0
Less than 5 percent 26 38.2 10 35.7 16 40.0
My bank does not have any outstanding loans or lines of credit to exposed firms 20 29.4 2 7.1 18 45.0
Total 68 100 28 100 40 100

33. Assuming that economic activity progresses in line with consensus forecasts, what is your outlook for delinquencies and charge-offs on your bank's existing loans to exposed firms over the remainder of 2019?

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 0 0.0 0 0.0 0 0.0
Loan quality is likely to remain around current levels 41 87.2 22 88.0 19 86.4
Loan quality is likely to deteriorate somewhat 6 12.8 3 12.0 3 13.6
Loan quality is likely to deteriorate substantially 0 0.0 0 0.0 0 0.0
Total 47 100 25 100 22 100

34. If your bank has taken steps to mitigate risk of loan losses from firms with operations in the United States and significant exposure to developments in Asia or Europe over the past year, please indicate how important each of the following actions have been for your bank.

a. Tightening lending policies on new loans or lines of credit made to exposed firms

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 59.1 8 80.0 5 41.7
Somewhat important 7 31.8 2 20.0 5 41.7
Very important 2 9.1 0 0.0 2 16.7
Total 22 100 10 100 12 100

b. Enforcing material adverse change clauses or other covenants to limit draws on existing credit lines to exposed firms

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 18 81.8 9 90.0 9 75.0
Somewhat important 3 13.6 1 10.0 2 16.7
Very important 1 4.5 0 0.0 1 8.3
Total 22 100 10 100 12 100

c. Restructuring outstanding loans to make them more robust to the adverse outlook for Asia and Europe

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 17 81.0 9 90.0 8 72.7
Somewhat important 3 14.3 1 10.0 2 18.2
Very important 1 4.8 0 0.0 1 9.1
Total 21 100 10 100 11 100

d. Requiring additional collateral to better secure loans or credit lines to exposed firms

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 17 77.3 9 90.0 8 66.7
Somewhat important 3 13.6 1 10.0 2 16.7
Very important 2 9.1 0 0.0 2 16.7
Total 22 100 10 100 12 100

e. Setting aside additional reserves for a potential increase in loan losses

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 18 85.7 9 90.0 9 81.8
Somewhat important 3 14.3 1 10.0 2 18.2
Very important 0 0.0 0 0.0 0 0.0
Total 21 100 10 100 11 100

f. Tightening lending policies on new loans or credit lines made to non-exposed firms

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 18 90.0 9 100.0 9 81.8
Somewhat important 2 10.0 0 0.0 2 18.2
Very important 0 0.0 0 0.0 0 0.0
Total 20 100 9 100 11 100

g. Hedging risks arising from the adverse developments in Asia and Europe through derivatives contracts

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 16 76.2 6 60.0 10 90.9
Somewhat important 5 23.8 4 40.0 1 9.1
Very important 0 0.0 0 0.0 0 0.0
Total 21 100 10 100 11 100

35. Over the past year, how has demand for loans at your bank from firms with operations in the United States and significant exposure to developments in Asia or Europe changed?

 

  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 4.4 1 4.3 1 4.5
About the same 41 91.1 21 91.3 20 90.9
Moderately weaker 1 2.2 1 4.3 0 0.0
Substantially weaker 1 2.2 0 0.0 1 4.5
Total 45 100 23 100 22 100

1. The sample is selected from among the largest banks in each Federal Reserve District. In the table, large banks are defined as those with total domestic assets of $50 billion or more as of December 31, 2018. The combined assets of the 29 large banks totaled $10 trillion, compared to $10.8 trillion for the entire panel of 73 banks, and $15.1 trillion for all domestically chartered, federally insured commercial banks. Return to text

Back to Top
Last Update: May 06, 2019