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Table 1

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

(Status of Policy as of October 2020)

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 28 40.6 13 40.6 15 40.5
Remained basically unchanged 39 56.5 19 59.4 20 54.1
Eased somewhat 2 2.9 0 0.0 2 5.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100 32 100 37 100

For this question, 2 respondents 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 23 34.3 10 34.5 13 34.2
Remained basically unchanged 42 62.7 19 65.5 23 60.5
Eased somewhat 2 3.0 0 0.0 2 5.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100 29 100 38 100

For this question, 3 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 2 2.9 0 0.0 2 5.6
Tightened somewhat 7 10.3 1 3.1 6 16.7
Remained basically unchanged 55 80.9 28 87.5 27 75.0
Eased somewhat 4 5.9 3 9.4 1 2.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 32 100 36 100

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 10 14.7 4 12.5 6 16.7
Remained basically unchanged 55 80.9 25 78.1 30 83.3
Eased somewhat 3 4.4 3 9.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 32 100 36 100

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 18 26.5 10 31.2 8 22.2
Remained basically unchanged 43 63.2 18 56.2 25 69.4
Eased somewhat 7 10.3 4 12.5 3 8.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 32 100 36 100

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 20 29.4 11 34.4 9 25.0
Remained basically unchanged 37 54.4 16 50.0 21 58.3
Eased somewhat 11 16.2 5 15.6 6 16.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 32 100 36 100

e. Premiums charged on riskier loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 4 5.8 3 9.4 1 2.7
Tightened somewhat 21 30.4 9 28.1 12 32.4
Remained basically unchanged 39 56.5 16 50.0 23 62.2
Eased somewhat 5 7.2 4 12.5 1 2.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100 32 100 37 100

f. Loan covenants

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 1 1.5 0 0.0 1 2.8
Tightened somewhat 23 33.8 9 28.1 14 38.9
Remained basically unchanged 41 60.3 20 62.5 21 58.3
Eased somewhat 3 4.4 3 9.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 32 100 36 100

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 19 27.9 7 21.9 12 33.3
Remained basically unchanged 48 70.6 24 75.0 24 66.7
Eased somewhat 1 1.5 1 3.1 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 32 100 36 100

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 8 11.8 4 12.5 4 11.1
Tightened somewhat 25 36.8 9 28.1 16 44.4
Remained basically unchanged 32 47.1 16 50.0 16 44.4
Eased somewhat 3 4.4 3 9.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 68 100 32 100 36 100

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 8 12.1 2 6.9 6 16.2
Remained basically unchanged 58 87.9 27 93.1 31 83.8
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 66 100 29 100 37 100

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 8 11.9 4 13.8 4 10.5
Remained basically unchanged 58 86.6 24 82.8 34 89.5
Eased somewhat 1 1.5 1 3.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100 29 100 38 100

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 14 21.5 9 31.0 5 13.9
Remained basically unchanged 47 72.3 19 65.5 28 77.8
Eased somewhat 4 6.2 1 3.4 3 8.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 29 100 36 100

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 15 22.7 8 27.6 7 18.9
Remained basically unchanged 43 65.2 19 65.5 24 64.9
Eased somewhat 8 12.1 2 6.9 6 16.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 66 100 29 100 37 100

e. Premiums charged on riskier loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Tightened considerably 3 4.5 2 6.9 1 2.6
Tightened somewhat 17 25.4 6 20.7 11 28.9
Remained basically unchanged 45 67.2 20 69.0 25 65.8
Eased somewhat 2 3.0 1 3.4 1 2.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100 29 100 38 100

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 20 29.9 7 24.1 13 34.2
Remained basically unchanged 46 68.7 21 72.4 25 65.8
Eased somewhat 1 1.5 1 3.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100 29 100 38 100

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 22 32.8 9 31.0 13 34.2
Remained basically unchanged 45 67.2 20 69.0 25 65.8
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100 29 100 38 100

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 6 9.1 3 10.3 3 8.1
Tightened somewhat 24 36.4 8 27.6 16 43.2
Remained basically unchanged 35 53.0 17 58.6 18 48.6
Eased somewhat 1 1.5 1 3.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 66 100 29 100 37 100

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 31 73.8 13 72.2 18 75.0
Somewhat important 10 23.8 5 27.8 5 20.8
Very important 1 2.4 0 0.0 1 4.2
Total 42 100 18 100 24 100

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 4 8.7 0 0.0 4 14.8
Somewhat important 13 28.3 7 36.8 6 22.2
Very important 29 63.0 12 63.2 17 63.0
Total 46 100 19 100 27 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 2 4.4 0 0.0 2 7.4
Somewhat important 12 26.7 6 33.3 6 22.2
Very important 31 68.9 12 66.7 19 70.4
Total 45 100 18 100 27 100

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 33 73.3 15 83.3 18 66.7
Somewhat important 11 24.4 3 16.7 8 29.6
Very important 1 2.2 0 0.0 1 3.7
Total 45 100 18 100 27 100

e. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 14 31.1 4 22.2 10 37.0
Somewhat important 25 55.6 12 66.7 13 48.1
Very important 6 13.3 2 11.1 4 14.8
Total 45 100 18 100 27 100

f. Decreased liquidity in the secondary market for these loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 37 82.2 15 83.3 22 81.5
Somewhat important 7 15.6 3 16.7 4 14.8
Very important 1 2.2 0 0.0 1 3.7
Total 45 100 18 100 27 100

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 39 88.6 16 88.9 23 88.5
Somewhat important 5 11.4 2 11.1 3 11.5
Very important 0 0.0 0 0.0 0 0.0
Total 44 100 18 100 26 100

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 32 71.1 14 77.8 18 66.7
Somewhat important 10 22.2 3 16.7 7 25.9
Very important 3 6.7 1 5.6 2 7.4
Total 45 100 18 100 27 100

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 14 87.5 8 100.0 6 75.0
Somewhat important 2 12.5 0 0.0 2 25.0
Very important 0 0.0 0 0.0 0 0.0
Total 16 100 8 100 8 100

b. More favorable or less uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 62.5 6 75.0 4 50.0
Somewhat important 4 25.0 2 25.0 2 25.0
Very important 2 12.5 0 0.0 2 25.0
Total 16 100 8 100 8 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 64.3 5 62.5 4 66.7
Somewhat important 4 28.6 3 37.5 1 16.7
Very important 1 7.1 0 0.0 1 16.7
Total 14 100 8 100 6 100

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 4 25.0 2 25.0 2 25.0
Somewhat important 7 43.8 3 37.5 4 50.0
Very important 5 31.2 3 37.5 2 25.0
Total 16 100 8 100 8 100

e. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 14 87.5 8 100.0 6 75.0
Somewhat important 2 12.5 0 0.0 2 25.0
Very important 0 0.0 0 0.0 0 0.0
Total 16 100 8 100 8 100

f. Increased liquidity in the secondary market for these loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 12 75.0 6 75.0 6 75.0
Somewhat important 4 25.0 2 25.0 2 25.0
Very important 0 0.0 0 0.0 0 0.0
Total 16 100 8 100 8 100

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 12 80.0 7 87.5 5 71.4
Somewhat important 3 20.0 1 12.5 2 28.6
Very important 0 0.0 0 0.0 0 0.0
Total 15 100 8 100 7 100

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 15 93.8 8 100.0 7 87.5
Somewhat important 1 6.2 0 0.0 1 12.5
Very important 0 0.0 0 0.0 0 0.0
Total 16 100 8 100 8 100

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 2 2.9 1 3.2 1 2.7
Moderately stronger 10 14.7 5 16.1 5 13.5
About the same 20 29.4 11 35.5 9 24.3
Moderately weaker 33 48.5 12 38.7 21 56.8
Substantially weaker 3 4.4 2 6.5 1 2.7
Total 68 100 31 100 37 100

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 7 10.6 3 10.7 4 10.5
About the same 22 33.3 12 42.9 10 26.3
Moderately weaker 31 47.0 10 35.7 21 55.3
Substantially weaker 6 9.1 3 10.7 3 7.9
Total 66 100 28 100 38 100

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 11 73.3 7 77.8 4 66.7
Somewhat important 3 20.0 1 11.1 2 33.3
Very important 1 6.7 1 11.1 0 0.0
Total 15 100 9 100 6 100

b. Customer accounts receivable financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 11 73.3 7 77.8 4 66.7
Somewhat important 3 20.0 1 11.1 2 33.3
Very important 1 6.7 1 11.1 0 0.0
Total 15 100 9 100 6 100

c. Customer investment in plant or equipment increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 11 73.3 7 77.8 4 66.7
Somewhat important 4 26.7 2 22.2 2 33.3
Very important 0 0.0 0 0.0 0 0.0
Total 15 100 9 100 6 100

d. Customer internally generated funds decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 46.7 4 44.4 3 50.0
Somewhat important 6 40.0 4 44.4 2 33.3
Very important 2 13.3 1 11.1 1 16.7
Total 15 100 9 100 6 100

e. Customer merger or acquisition financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 7 46.7 2 22.2 5 83.3
Somewhat important 5 33.3 5 55.6 0 0.0
Very important 3 20.0 2 22.2 1 16.7
Total 15 100 9 100 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 9 60.0 6 66.7 3 50.0
Somewhat important 5 33.3 3 33.3 2 33.3
Very important 1 6.7 0 0.0 1 16.7
Total 15 100 9 100 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 5 33.3 4 44.4 1 16.7
Somewhat important 9 60.0 5 55.6 4 66.7
Very important 1 6.7 0 0.0 1 16.7
Total 15 100 9 100 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 30.8 6 37.5 6 26.1
Somewhat important 19 48.7 6 37.5 13 56.5
Very important 8 20.5 4 25.0 4 17.4
Total 39 100 16 100 23 100

b. Customer accounts receivable financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 14 36.8 7 43.8 7 31.8
Somewhat important 16 42.1 5 31.2 11 50.0
Very important 8 21.1 4 25.0 4 18.2
Total 38 100 16 100 22 100

c. Customer investment in plant or equipment decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 6 15.0 4 25.0 2 8.3
Somewhat important 23 57.5 9 56.2 14 58.3
Very important 11 27.5 3 18.8 8 33.3
Total 40 100 16 100 24 100

d. Customer internally generated funds increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 21 53.8 12 75.0 9 39.1
Somewhat important 17 43.6 4 25.0 13 56.5
Very important 1 2.6 0 0.0 1 4.3
Total 39 100 16 100 23 100

e. Customer merger or acquisition financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 17 44.7 6 37.5 11 50.0
Somewhat important 14 36.8 6 37.5 8 36.4
Very important 7 18.4 4 25.0 3 13.6
Total 38 100 16 100 22 100

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 31 81.6 13 81.2 18 81.8
Somewhat important 6 15.8 2 12.5 4 18.2
Very important 1 2.6 1 6.2 0 0.0
Total 38 100 16 100 22 100

g. Customer precautionary demand for cash and liquidity decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 21 52.5 7 43.8 14 58.3
Somewhat important 9 22.5 4 25.0 5 20.8
Very important 10 25.0 5 31.2 5 20.8
Total 40 100 16 100 24 100

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 2 3.0 1 3.3 1 2.7
The number of inquiries has increased moderately 12 17.9 6 20.0 6 16.2
The number of inquiries has stayed about the same 21 31.3 11 36.7 10 27.0
The number of inquiries has decreased moderately 26 38.8 10 33.3 16 43.2
The number of inquiries has decreased substantially 6 9.0 2 6.7 4 10.8
Total 67 100 30 100 37 100

For this question, 2 respondents answered "My bank does not originate C&I lines of credit."

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 6 9.0 4 13.3 2 5.4
Tightened somewhat 33 49.3 11 36.7 22 59.5
Remained basically unchanged 27 40.3 15 50.0 12 32.4
Eased somewhat 1 1.5 0 0.0 1 2.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 67 100 30 100 37 100

For this question, 4 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 3 4.3 2 6.5 1 2.6
Tightened somewhat 36 52.2 13 41.9 23 60.5
Remained basically unchanged 29 42.0 16 51.6 13 34.2
Eased somewhat 1 1.4 0 0.0 1 2.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100 31 100 38 100

For this question, 2 respondents answered "My bank does not originate loans secured by nonfarm nonresidential properties."

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 2 2.9 1 3.2 1 2.6
Tightened somewhat 30 43.5 13 41.9 17 44.7
Remained basically unchanged 36 52.2 17 54.8 19 50.0
Eased somewhat 1 1.4 0 0.0 1 2.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 69 100 31 100 38 100

For this question, 2 respondents answered "My bank does not originate loans secured by multifamily residential properties."

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 6 9.0 2 6.7 4 10.8
About the same 28 41.8 10 33.3 18 48.6
Moderately weaker 24 35.8 11 36.7 13 35.1
Substantially weaker 9 13.4 7 23.3 2 5.4
Total 67 100 30 100 37 100

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 0 0.0 0 0.0 0 0.0
Moderately stronger 5 7.4 1 3.3 4 10.5
About the same 27 39.7 8 26.7 19 50.0
Moderately weaker 30 44.1 15 50.0 15 39.5
Substantially weaker 6 8.8 6 20.0 0 0.0
Total 68 100 30 100 38 100

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 2.6
Moderately stronger 8 11.6 2 6.5 6 15.8
About the same 34 49.3 16 51.6 18 47.4
Moderately weaker 20 29.0 8 25.8 12 31.6
Substantially weaker 6 8.7 5 16.1 1 2.6
Total 69 100 31 100 38 100

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 8 13.1 3 12.5 5 13.5
Remained basically unchanged 52 85.2 20 83.3 32 86.5
Eased somewhat 1 1.6 1 4.2 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100 24 100 37 100

For this question, 7 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 1 1.8 1 4.5 0 0.0
Tightened somewhat 5 9.1 2 9.1 3 9.1
Remained basically unchanged 48 87.3 18 81.8 30 90.9
Eased somewhat 1 1.8 1 4.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100 22 100 33 100

For this question, 13 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 9 16.1 4 17.4 5 15.2
Remained basically unchanged 46 82.1 19 82.6 27 81.8
Eased somewhat 1 1.8 0 0.0 1 3.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100 23 100 33 100

For this question, 12 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 2 3.4 0 0.0 2 5.6
Tightened somewhat 12 20.3 5 21.7 7 19.4
Remained basically unchanged 43 72.9 16 69.6 27 75.0
Eased somewhat 2 3.4 2 8.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100 23 100 36 100

For this question, 9 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 2 3.5 1 4.2 1 3.0
Tightened somewhat 10 17.5 3 12.5 7 21.2
Remained basically unchanged 44 77.2 20 83.3 24 72.7
Eased somewhat 1 1.8 0 0.0 1 3.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 24 100 33 100

For this question, 11 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 11 20.0 3 13.0 8 25.0
Remained basically unchanged 44 80.0 20 87.0 24 75.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100 23 100 32 100

For this question, 13 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 2 33.3 0 NaN 2 33.3
Tightened somewhat 1 16.7 0 NaN 1 16.7
Remained basically unchanged 2 33.3 0 NaN 2 33.3
Eased somewhat 1 16.7 0 NaN 1 16.7
Eased considerably 0 0.0 0 NaN 0 0.0
Total 6 100 0 100 6 100

For this question, 61 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 18 30.0 6 26.1 12 32.4
Moderately stronger 21 35.0 7 30.4 14 37.8
About the same 20 33.3 9 39.1 11 29.7
Moderately weaker 0 0.0 0 0.0 0 0.0
Substantially weaker 1 1.7 1 4.3 0 0.0
Total 60 100 23 100 37 100

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 10 18.5 3 13.6 7 21.9
Moderately stronger 15 27.8 6 27.3 9 28.1
About the same 28 51.9 13 59.1 15 46.9
Moderately weaker 1 1.9 0 0.0 1 3.1
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 54 100 22 100 32 100

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 6 10.9 1 4.3 5 15.6
Moderately stronger 19 34.5 9 39.1 10 31.2
About the same 27 49.1 10 43.5 17 53.1
Moderately weaker 0 0.0 0 0.0 0 0.0
Substantially weaker 3 5.5 3 13.0 0 0.0
Total 55 100 23 100 32 100

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 8 13.8 3 13.0 5 14.3
Moderately stronger 22 37.9 10 43.5 12 34.3
About the same 24 41.4 8 34.8 16 45.7
Moderately weaker 1 1.7 0 0.0 1 2.9
Substantially weaker 3 5.2 2 8.7 1 2.9
Total 58 100 23 100 35 100

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 5 8.9 1 4.2 4 12.5
Moderately stronger 21 37.5 10 41.7 11 34.4
About the same 26 46.4 10 41.7 16 50.0
Moderately weaker 2 3.6 1 4.2 1 3.1
Substantially weaker 2 3.6 2 8.3 0 0.0
Total 56 100 24 100 32 100

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 6 10.9 1 4.3 5 15.6
Moderately stronger 18 32.7 8 34.8 10 31.2
About the same 26 47.3 10 43.5 16 50.0
Moderately weaker 2 3.6 1 4.3 1 3.1
Substantially weaker 3 5.5 3 13.0 0 0.0
Total 55 100 23 100 32 100

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 1 20.0 0 NaN 1 20.0
About the same 1 20.0 0 NaN 1 20.0
Moderately weaker 3 60.0 0 NaN 3 60.0
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 2 3.4 2 8.7 0 0.0
Tightened somewhat 12 20.7 3 13.0 9 25.7
Remained basically unchanged 43 74.1 17 73.9 26 74.3
Eased somewhat 1 1.7 1 4.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 23 100 35 100

For this question, 8 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 1 1.7 0 0.0 1 2.9
Moderately stronger 11 19.0 3 13.0 8 22.9
About the same 26 44.8 11 47.8 15 42.9
Moderately weaker 16 27.6 7 30.4 9 25.7
Substantially weaker 4 6.9 2 8.7 2 5.7
Total 58 100 23 100 35 100

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 8 13.8 6 25.0 2 5.9
About unchanged 44 75.9 14 58.3 30 88.2
Somewhat less willing 6 10.3 4 16.7 2 5.9
Much less willing 0 0.0 0 0.0 0 0.0
Total 58 100 24 100 34 100

For this question, 9 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 2 4.4 2 8.0 0 0.0
Tightened somewhat 12 26.7 7 28.0 5 25.0
Remained basically unchanged 29 64.4 14 56.0 15 75.0
Eased somewhat 2 4.4 2 8.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 25 100 20 100

For this question, 20 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 1 1.9 1 5.0 0 0.0
Tightened somewhat 8 15.4 3 15.0 5 15.6
Remained basically unchanged 41 78.8 15 75.0 26 81.2
Eased somewhat 2 3.8 1 5.0 1 3.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100 20 100 32 100

For this question, 15 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 1 1.8 1 4.5 0 0.0
Tightened somewhat 9 16.4 3 13.6 6 18.2
Remained basically unchanged 44 80.0 17 77.3 27 81.8
Eased somewhat 1 1.8 1 4.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100 22 100 33 100

For this question, 12 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 11 24.4 7 29.2 4 19.0
Remained basically unchanged 32 71.1 16 66.7 16 76.2
Eased somewhat 2 4.4 1 4.2 1 4.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 24 100 21 100

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 3 6.7 0 0.0 3 14.3
Remained basically unchanged 41 91.1 24 100.0 17 81.0
Eased somewhat 1 2.2 0 0.0 1 4.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 24 100 21 100

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 3 6.7 1 4.2 2 9.5
Remained basically unchanged 41 91.1 22 91.7 19 90.5
Eased somewhat 1 2.2 1 4.2 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 24 100 21 100

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 2 4.4 2 8.3 0 0.0
Tightened somewhat 12 26.7 6 25.0 6 28.6
Remained basically unchanged 30 66.7 15 62.5 15 71.4
Eased somewhat 1 2.2 1 4.2 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 24 100 21 100

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 1 2.2 0 0.0 1 4.8
Tightened somewhat 9 20.0 4 16.7 5 23.8
Remained basically unchanged 34 75.6 20 83.3 14 66.7
Eased somewhat 1 2.2 0 0.0 1 4.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 24 100 21 100

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 3 5.9 0 0.0 3 9.7
Remained basically unchanged 48 94.1 20 100.0 28 90.3
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 20 100 31 100

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 10 20.0 4 20.0 6 20.0
Remained basically unchanged 37 74.0 14 70.0 23 76.7
Eased somewhat 3 6.0 2 10.0 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 50 100 20 100 30 100

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 4 7.8 1 5.0 3 9.7
Remained basically unchanged 46 90.2 18 90.0 28 90.3
Eased somewhat 1 2.0 1 5.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100 20 100 31 100

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 9 17.6 3 15.0 6 19.4
Remained basically unchanged 41 80.4 16 80.0 25 80.6
Eased somewhat 1 2.0 1 5.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100 20 100 31 100

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 1 2.0 0 0.0 1 3.2
Tightened somewhat 5 9.8 1 5.0 4 12.9
Remained basically unchanged 44 86.3 19 95.0 25 80.6
Eased somewhat 1 2.0 0 0.0 1 3.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100 20 100 31 100

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 3 5.6 0 0.0 3 9.4
Remained basically unchanged 51 94.4 22 100.0 29 90.6
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100 22 100 32 100

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 7 13.2 5 22.7 2 6.5
Remained basically unchanged 45 84.9 17 77.3 28 90.3
Eased somewhat 1 1.9 0 0.0 1 3.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100 22 100 31 100

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 5 9.3 1 4.5 4 12.5
Remained basically unchanged 49 90.7 21 95.5 28 87.5
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100 22 100 32 100

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 1.9 1 4.5 0 0.0
Tightened somewhat 9 16.7 2 9.1 7 21.9
Remained basically unchanged 43 79.6 18 81.8 25 78.1
Eased somewhat 1 1.9 1 4.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100 22 100 32 100

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 4 7.4 1 4.5 3 9.4
Tightened somewhat 4 7.4 1 4.5 3 9.4
Remained basically unchanged 44 81.5 19 86.4 25 78.1
Eased somewhat 2 3.7 1 4.5 1 3.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100 22 100 32 100

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 5.0
Moderately stronger 12 27.3 11 45.8 1 5.0
About the same 19 43.2 7 29.2 12 60.0
Moderately weaker 8 18.2 3 12.5 5 25.0
Substantially weaker 4 9.1 3 12.5 1 5.0
Total 44 100 24 100 20 100

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 1 1.9 0 0.0 1 3.1
Moderately stronger 13 25.0 9 45.0 4 12.5
About the same 28 53.8 8 40.0 20 62.5
Moderately weaker 9 17.3 3 15.0 6 18.8
Substantially weaker 1 1.9 0 0.0 1 3.1
Total 52 100 20 100 32 100

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 1 1.8 1 4.5 0 0.0
Moderately stronger 9 16.4 5 22.7 4 12.1
About the same 31 56.4 10 45.5 21 63.6
Moderately weaker 11 20.0 4 18.2 7 21.2
Substantially weaker 3 5.5 2 9.1 1 3.0
Total 55 100 22 100 33 100

Questions 27-38 ask about the share of loans at your bank that are currently in forbearance across several loan categories, and the terms and conditions of your bank’s forbearance policies. “Forbearance” is meant broadly to include troubled debt restructuring, covenant relief, reduction or deferral of required loan payments, or other credit risk mitigation strategies your bank classifies as forbearance.

27. For each of the C&I loan categories listed below, please indicate approximately what fraction of lending within that category is currently in forbearance?

A. Loans for large and middle-market firms

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
More than 20 percent 0 0.0 0 0.0 0 0.0
More than 10 percent but less than 20 percent 5 7.5 4 12.5 1 2.9
More than 5 percent but less than 10 percent 17 25.4 8 25.0 9 25.7
5 percent or less 43 64.2 19 59.4 24 68.6
No loans in forbearance 2 3.0 1 3.1 1 2.9
Total 67 100 32 100 35 100

B. Loans for small firms

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
More than 20 percent 2 3.2 0 0.0 2 5.7
More than 10 percent but less than 20 percent 4 6.3 2 7.1 2 5.7
More than 5 percent but less than 10 percent 14 22.2 7 25.0 7 20.0
5 percent or less 42 66.7 18 64.3 24 68.6
No loans in forbearance 1 1.6 1 3.6 0 0.0
Total 63 100 28 100 35 100

28. If your bank makes forbearance available for some C&I loans, please indicate how frequently forbearance incorporates the following terms. Please rate each possible alteration using the following scale: 1=not frequent (less than 20% of forbearances), 2=somewhat frequent (20-60%), 3=very frequent (greater than 60%)

a. Payment deferral (reduced amortization or minimum payments)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 21 32.3 14 46.7 7 20.0
Somewhat frequent (20-60%) 10 15.4 6 20.0 4 11.4
Very Frequent (greater than 60%) 34 52.3 10 33.3 24 68.6
Total 65 100 30 100 35 100

b. Lower interest rates

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 62 95.4 30 100.0 32 91.4
Somewhat frequent (20-60%) 3 4.6 0 0.0 3 8.6
Very Frequent (greater than 60%) 0 0.0 0 0.0 0 0.0
Total 65 100 30 100 35 100

c. Maturity extension

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 41 63.1 23 76.7 18 51.4
Somewhat frequent (20-60%) 18 27.7 6 20.0 12 34.3
Very Frequent (greater than 60%) 6 9.2 1 3.3 5 14.3
Total 65 100 30 100 35 100

d. Principal reduction

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 60 92.3 30 100.0 30 85.7
Somewhat frequent (20-60%) 4 6.2 0 0.0 4 11.4
Very Frequent (greater than 60%) 1 1.5 0 0.0 1 2.9
Total 65 100 30 100 35 100

e. Covenant relief

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 11 17.2 3 10.0 8 23.5
Somewhat frequent (20-60%) 33 51.6 14 46.7 19 55.9
Very Frequent (greater than 60%) 20 31.2 13 43.3 7 20.6
Total 64 100 30 100 34 100

29. If your bank makes forbearance available for some C&I loans, please indicate how important the following factors are in determining your bank’s willingness to approve a forbearance request or the terms of forbearance. (Please rate each possible factor using the following scale: 1=not important, 2=somewhat important, 3=very important.)

a. Degree of borrower's financial hardships

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 1 1.5 0 0.0 1 2.9
Somewhat important 16 24.2 7 22.6 9 25.7
Very important 49 74.2 24 77.4 25 71.4
Total 66 100 31 100 35 100

b. Borrower’s history of loan payments

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 5 7.6 1 3.2 4 11.4
Somewhat important 22 33.3 14 45.2 8 22.9
Very important 39 59.1 16 51.6 23 65.7
Total 66 100 31 100 35 100

c. Extent of borrower's relationship with your bank

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 11 16.7 7 22.6 4 11.4
Somewhat important 29 43.9 14 45.2 15 42.9
Very important 26 39.4 10 32.3 16 45.7
Total 66 100 31 100 35 100

d. Regulatory or supervisory treatment of loans in forbearance

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 20.6 8 25.8 5 15.6
Somewhat important 25 39.7 17 54.8 8 25.0
Very important 25 39.7 6 19.4 19 59.4
Total 63 100 31 100 32 100

30. For each of the CRE loan categories listed below, please indicate approximately what fraction of lending within that category is currently in forbearance?

A. Loans secured by income-producing commercial real estate

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
More than 20 percent 5 7.7 1 3.3 4 11.4
More than 10 percent but less than 20 percent 10 15.4 5 16.7 5 14.3
More than 5 percent but less than 10 percent 17 26.2 9 30.0 8 22.9
5 percent or less 31 47.7 14 46.7 17 48.6
No loans in forbearance 2 3.1 1 3.3 1 2.9
Total 65 100 30 100 35 100

B. Construction and land development loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
More than 20 percent 0 0.0 0 0.0 0 0.0
More than 10 percent but less than 20 percent 1 1.5 0 0.0 1 2.9
More than 5 percent but less than 10 percent 8 12.3 3 10.0 5 14.3
5 percent or less 39 60.0 22 73.3 17 48.6
No loans in forbearance 17 26.2 5 16.7 12 34.3
Total 65 100 30 100 35 100

31. If your bank makes forbearance available for some CRE loans, please indicate how frequently forbearance incorporates the following terms. Please rate each possible alteration using the following scale: 1=not frequent (less than 20% of forbearances), 2=somewhat frequent (20-60%), 3=very frequent (greater than 60%)

a. Payment deferral (reduced amortization or lower minimum payments)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 7 11.3 2 7.1 5 14.7
Somewhat frequent (20-60%) 12 19.4 7 25.0 5 14.7
Very Frequent (greater than 60%) 43 69.4 19 67.9 24 70.6
Total 62 100 28 100 34 100

b. Lower interest rates

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 56 90.3 27 96.4 29 85.3
Somewhat frequent (20-60%) 5 8.1 1 3.6 4 11.8
Very Frequent (greater than 60%) 1 1.6 0 0.0 1 2.9
Total 62 100 28 100 34 100

c. Maturity extension

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 41 66.1 21 75.0 20 58.8
Somewhat frequent (20-60%) 13 21.0 4 14.3 9 26.5
Very Frequent (greater than 60%) 8 12.9 3 10.7 5 14.7
Total 62 100 28 100 34 100

d. Principal reduction

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 54 88.5 27 96.4 27 81.8
Somewhat frequent (20-60%) 5 8.2 1 3.6 4 12.1
Very Frequent (greater than 60%) 2 3.3 0 0.0 2 6.1
Total 61 100 28 100 33 100

e. Covenant relief

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 17 27.9 7 25.9 10 29.4
Somewhat frequent (20-60%) 30 49.2 11 40.7 19 55.9
Very Frequent (greater than 60%) 14 23.0 9 33.3 5 14.7
Total 61 100 27 100 34 100

f. Release of reserves for debt service payments

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 48 80.0 22 81.5 26 78.8
Somewhat frequent (20-60%) 10 16.7 4 14.8 6 18.2
Very Frequent (greater than 60%) 2 3.3 1 3.7 1 3.0
Total 60 100 27 100 33 100

32. If your bank makes forbearance available for some CRE loans, please indicate how important the following factors are in determining your bank's willingness to approve a forbearance request or the terms of forbearance. (Please rate each possible factor using the following scale: 1=not important, 2=somewhat important, 3=very important.)

a. Degree of borrower's financial hardships

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 1 1.6 0 0.0 1 2.9
Somewhat important 12 19.7 4 14.8 8 23.5
Very important 48 78.7 23 85.2 25 73.5
Total 61 100 27 100 34 100

b. Borrower's history of loan payments

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 3 4.9 1 3.7 2 5.9
Somewhat important 20 32.8 9 33.3 11 32.4
Very important 38 62.3 17 63.0 21 61.8
Total 61 100 27 100 34 100

c. Extent of borrower’s relationship with your bank

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 11 18.6 7 25.9 4 12.5
Somewhat important 27 45.8 13 48.1 14 43.8
Very important 21 35.6 7 25.9 14 43.8
Total 59 100 27 100 32 100

d. Regulatory or supervisory treatment of loans in forbearance

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 9 14.8 5 18.5 4 11.8
Somewhat important 26 42.6 16 59.3 10 29.4
Very important 26 42.6 6 22.2 20 58.8
Total 61 100 27 100 34 100

33. Approximately what fraction of residential mortgage loans held by your bank are currently in forbearance? Please take “residential mortgage loans” in the following three questions to refer to first-lien closed-end residential mortgages that your bank holds on their balance sheet.

 

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
More than 20 percent 1 1.6 1 3.6 0 0.0
More than 10 percent but less than 20 percent 6 9.7 3 10.7 3 8.8
More than 5 percent but less than 10 percent 16 25.8 10 35.7 6 17.6
5 percent or less 37 59.7 13 46.4 24 70.6
No loans in forbearance 2 3.2 1 3.6 1 2.9
Total 62 100 28 100 34 100

34. If your bank makes forbearance available for some residential mortgage loans, please indicate how frequently forbearance incorporates the following terms. Please rate each possible alteration using the following scale: 1=not frequent (less than 20% of forbearances), 2=somewhat frequent (20-60%), 3=very frequent (greater than 60%).

a. Payment deferral (reduced amortization or lower minimum payments)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 13 21.7 6 22.2 7 21.2
Somewhat frequent (20-60%) 4 6.7 1 3.7 3 9.1
Very Frequent (greater than 60%) 43 71.7 20 74.1 23 69.7
Total 60 100 27 100 33 100

b. Lower interest rates

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 54 90.0 24 88.9 30 90.9
Somewhat frequent (20-60%) 5 8.3 2 7.4 3 9.1
Very Frequent (greater than 60%) 1 1.7 1 3.7 0 0.0
Total 60 100 27 100 33 100

c. Maturity extension

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 39 65.0 18 66.7 21 63.6
Somewhat frequent (20-60%) 9 15.0 4 14.8 5 15.2
Very Frequent (greater than 60%) 12 20.0 5 18.5 7 21.2
Total 60 100 27 100 33 100

d. Principal reduction

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 56 94.9 26 100.0 30 90.9
Somewhat frequent (20-60%) 2 3.4 0 0.0 2 6.1
Very Frequent (greater than 60%) 1 1.7 0 0.0 1 3.0
Total 59 100 26 100 33 100

e. Reduced or waived late fees

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 16 26.7 6 22.2 10 30.3
Somewhat frequent (20-60%) 9 15.0 2 7.4 7 21.2
Very Frequent (greater than 60%) 35 58.3 19 70.4 16 48.5
Total 60 100 27 100 33 100

f. Not reporting late payments to credit agencies

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 16 26.7 2 7.4 14 42.4
Somewhat frequent (20-60%) 5 8.3 2 7.4 3 9.1
Very Frequent (greater than 60%) 39 65.0 23 85.2 16 48.5
Total 60 100 27 100 33 100

35. If your bank makes forbearance available for some residential mortgage loans, please indicate how important the following factors are in determining your bank’s willingness to approve a forbearance request or the terms of forbearance. (Please rate each possible factor using the following scale: 1=not important, 2=somewhat important, 3=very important.)

a. Degree of borrower's financial hardships

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 21.7 7 25.9 6 18.2
Somewhat important 11 18.3 6 22.2 5 15.2
Very important 36 60.0 14 51.9 22 66.7
Total 60 100 27 100 33 100

b. Borrower’s history of loan payments

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 23 38.3 14 51.9 9 27.3
Somewhat important 23 38.3 10 37.0 13 39.4
Very important 14 23.3 3 11.1 11 33.3
Total 60 100 27 100 33 100

c. Extent of borrower's relationship with your bank

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 35 59.3 21 77.8 14 43.8
Somewhat important 17 28.8 5 18.5 12 37.5
Very important 7 11.9 1 3.7 6 18.8
Total 59 100 27 100 32 100

d. Regulatory or supervisory treatment of loans under forbearance

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 13 22.0 5 18.5 8 25.0
Somewhat important 20 33.9 9 33.3 11 34.4
Very important 26 44.1 13 48.1 13 40.6
Total 59 100 27 100 32 100

36. For each of the consumer loan categories listed below, please indicate approximately what fraction of loans within that category are currently in forbearance?

A. Credit cards

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
More than 20 percent 0 0.0 0 0.0 0 0.0
More than 10 percent but less than 20 percent 1 1.7 0 0.0 1 3.3
More than 5 percent but less than 10 percent 4 6.9 1 3.6 3 10.0
5 percent or less 37 63.8 22 78.6 15 50.0
No loans in forbearance 16 27.6 5 17.9 11 36.7
Total 58 100 28 100 30 100

B. Auto loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
More than 20 percent 1 1.7 0 0.0 1 3.0
More than 10 percent but less than 20 percent 3 5.1 2 7.7 1 3.0
More than 5 percent but less than 10 percent 5 8.5 3 11.5 2 6.1
5 percent or less 36 61.0 14 53.8 22 66.7
No loans in forbearance 14 23.7 7 26.9 7 21.2
Total 59 100 26 100 33 100

37. If your bank makes forbearance available for some consumer loans, please indicate how frequently forbearance incorporates the following terms. Please rate each possible alteration using the following scale: 1=not frequent (less than 20% of forbearances), 2=somewhat frequent (20-60%), 3=very frequent (greater than 60%).

a. Payment deferral (reduced amortization or minimum payments)

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 6 12.0 3 13.0 3 11.1
Somewhat frequent (20-60%) 5 10.0 0 0.0 5 18.5
Very Frequent (greater than 60%) 39 78.0 20 87.0 19 70.4
Total 50 100 23 100 27 100

b. Lower interest rates

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 45 91.8 20 87.0 25 96.2
Somewhat frequent (20-60%) 3 6.1 2 8.7 1 3.8
Very Frequent (greater than 60%) 1 2.0 1 4.3 0 0.0
Total 49 100 23 100 26 100

c. Maturity extension

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 25 50.0 9 39.1 16 59.3
Somewhat frequent (20-60%) 10 20.0 5 21.7 5 18.5
Very Frequent (greater than 60%) 15 30.0 9 39.1 6 22.2
Total 50 100 23 100 27 100

d. Principal reduction

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 48 96.0 23 100.0 25 92.6
Somewhat frequent (20-60%) 0 0.0 0 0.0 0 0.0
Very Frequent (greater than 60%) 2 4.0 0 0.0 2 7.4
Total 50 100 23 100 27 100

e. Reduced or waived late fees

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 14 28.0 6 26.1 8 29.6
Somewhat frequent (20-60%) 11 22.0 2 8.7 9 33.3
Very Frequent (greater than 60%) 25 50.0 15 65.2 10 37.0
Total 50 100 23 100 27 100

f. Not reporting late payments to credit agencies

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Frequent (less than 20% of forbearances) 16 32.7 4 17.4 12 46.2
Somewhat frequent (20-60%) 5 10.2 2 8.7 3 11.5
Very Frequent (greater than 60%) 28 57.1 17 73.9 11 42.3
Total 49 100 23 100 26 100

38. If your bank makes forbearance available for some consumer loans, please indicate how important the following factors are in determining your bank’s willingness to approve a forbearance request or the terms of forbearance. (Please rate each possible factor using the following scale: 1=not important, 2=somewhat important, 3=very important.)

a. Degree of borrower's financial hardships

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 8 16.0 4 17.4 4 14.8
Somewhat important 10 20.0 4 17.4 6 22.2
Very important 32 64.0 15 65.2 17 63.0
Total 50 100 23 100 27 100

b. Borrower's history of loan payments

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 17 34.0 11 47.8 6 22.2
Somewhat important 20 40.0 9 39.1 11 40.7
Very important 13 26.0 3 13.0 10 37.0
Total 50 100 23 100 27 100

c. Extent of borrower’s relationship with your bank

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 27 54.0 19 82.6 8 29.6
Somewhat important 15 30.0 2 8.7 13 48.1
Very important 8 16.0 2 8.7 6 22.2
Total 50 100 23 100 27 100

d. Regulatory or supervisory treatment of loans in forbearance

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not important 10 20.4 3 13.0 7 26.9
Somewhat important 15 30.6 7 30.4 8 30.8
Very important 24 49.0 13 56.5 11 42.3
Total 49 100 23 100 26 100

Question 39 requests feedback on any other issues you judge to be important but are not addressed in this survey.


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 June 30, 2020. The combined assets of the 33 large banks totaled $12.4 trillion, compared to $13.2 trillion for the entire panel of 72 banks, and $18 trillion for all domestically chartered, federally insured commercial banks. Return to text

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Last Update: November 09, 2020