1. Home
  2. Data
  3. Senior Loan Officer Opinion Survey on Bank Lending Practices
  4. The April 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices

Senior Loan Officer Opinion Survey on Bank Lending Practices

Table 1 PDF RSS DDP

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

Table 1

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

(Status of Policy as of April 2022)

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 4 6.1 1 2.9 3 9.4
Remained basically unchanged 57 86.4 30 88.2 27 84.4
Eased somewhat 5 7.6 3 8.8 2 6.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 66 100 34 100 32 100

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 4 6.5 1 3.3 3 9.4
Remained basically unchanged 54 87.1 28 93.3 26 81.2
Eased somewhat 4 6.5 1 3.3 3 9.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100 30 100 32 100

For this question, 4 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 2 3.1 1 2.9 1 3.3
Remained basically unchanged 49 76.6 25 73.5 24 80.0
Eased somewhat 13 20.3 8 23.5 5 16.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 34 100 30 100

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 2 3.2 0 0.0 2 7.1
Remained basically unchanged 56 90.3 31 91.2 25 89.3
Eased somewhat 4 6.5 3 8.8 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 62 100 34 100 28 100

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 4 6.3 1 2.9 3 10.3
Remained basically unchanged 51 81.0 28 82.4 23 79.3
Eased somewhat 8 12.7 5 14.7 3 10.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100 34 100 29 100

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 8 12.5 3 8.8 5 16.7
Remained basically unchanged 42 65.6 25 73.5 17 56.7
Eased somewhat 14 21.9 6 17.6 8 26.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 34 100 30 100

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 10 15.9 5 15.2 5 16.7
Remained basically unchanged 50 79.4 26 78.8 24 80.0
Eased somewhat 3 4.8 2 6.1 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100 33 100 30 100

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 5 7.8 2 5.9 3 10.0
Remained basically unchanged 53 82.8 29 85.3 24 80.0
Eased somewhat 6 9.4 3 8.8 3 10.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 34 100 30 100

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 3 4.9 1 3.0 2 7.1
Remained basically unchanged 57 93.4 32 97.0 25 89.3
Eased somewhat 1 1.6 0 0.0 1 3.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 61 100 33 100 28 100

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 5 7.9 2 6.1 3 10.0
Remained basically unchanged 46 73.0 26 78.8 20 66.7
Eased somewhat 10 15.9 3 9.1 7 23.3
Eased considerably 2 3.2 2 6.1 0 0.0
Total 63 100 33 100 30 100

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 1 1.7 0 0.0 1 3.3
Remained basically unchanged 51 85.0 29 96.7 22 73.3
Eased somewhat 8 13.3 1 3.3 7 23.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 30 100 30 100

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 2 3.4 0 0.0 2 6.9
Remained basically unchanged 53 89.8 28 93.3 25 86.2
Eased somewhat 4 6.8 2 6.7 2 6.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100 30 100 29 100

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 4 6.7 1 3.3 3 10.0
Remained basically unchanged 55 91.7 29 96.7 26 86.7
Eased somewhat 1 1.7 0 0.0 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 30 100 30 100

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 5 8.3 1 3.3 4 13.3
Remained basically unchanged 44 73.3 24 80.0 20 66.7
Eased somewhat 11 18.3 5 16.7 6 20.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 30 100 30 100

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 5 8.3 2 6.7 3 10.0
Remained basically unchanged 51 85.0 26 86.7 25 83.3
Eased somewhat 4 6.7 2 6.7 2 6.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 30 100 30 100

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 4 6.7 1 3.3 3 10.0
Remained basically unchanged 51 85.0 28 93.3 23 76.7
Eased somewhat 5 8.3 1 3.3 4 13.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 30 100 30 100

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 3.4 1 3.4 1 3.4
Remained basically unchanged 55 94.8 28 96.6 27 93.1
Eased somewhat 1 1.7 0 0.0 1 3.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 29 100 29 100

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 5 8.5 2 6.9 3 10.0
Remained basically unchanged 44 74.6 23 79.3 21 70.0
Eased somewhat 9 15.3 3 10.3 6 20.0
Eased considerably 1 1.7 1 3.4 0 0.0
Total 59 100 29 100 30 100

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 13 92.9 7 100.0 6 85.7
Somewhat Important 1 7.1 0 0.0 1 14.3
Very Important 0 0.0 0 0.0 0 0.0
Total 14 100 7 100 7 100

b. Less favorable or more uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 1 7.1 1 14.3 0 0.0
Somewhat Important 5 35.7 2 28.6 3 42.9
Very Important 8 57.1 4 57.1 4 57.1
Total 14 100 7 100 7 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 6 50.0 3 42.9 3 60.0
Somewhat Important 4 33.3 3 42.9 1 20.0
Very Important 2 16.7 1 14.3 1 20.0
Total 12 100 7 100 5 100

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 8 57.1 6 85.7 2 28.6
Somewhat Important 6 42.9 1 14.3 5 71.4
Very Important 0 0.0 0 0.0 0 0.0
Total 14 100 7 100 7 100

e. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 7 50.0 4 57.1 3 42.9
Somewhat Important 7 50.0 3 42.9 4 57.1
Very Important 0 0.0 0 0.0 0 0.0
Total 14 100 7 100 7 100

f. Decreased liquidity in the secondary market for these loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 11 78.6 5 71.4 6 85.7
Somewhat Important 3 21.4 2 28.6 1 14.3
Very Important 0 0.0 0 0.0 0 0.0
Total 14 100 7 100 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 13 92.9 7 100.0 6 85.7
Somewhat Important 1 7.1 0 0.0 1 14.3
Very Important 0 0.0 0 0.0 0 0.0
Total 14 100 7 100 7 100

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 9 64.3 6 85.7 3 42.9
Somewhat Important 3 21.4 1 14.3 2 28.6
Very Important 2 14.3 0 0.0 2 28.6
Total 14 100 7 100 7 100

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 22 84.6 13 92.9 9 75.0
Somewhat Important 4 15.4 1 7.1 3 25.0
Very Important 0 0.0 0 0.0 0 0.0
Total 26 100 14 100 12 100

b. More favorable or less uncertain economic outlook

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 18 66.7 12 80.0 6 50.0
Somewhat Important 9 33.3 3 20.0 6 50.0
Very Important 0 0.0 0 0.0 0 0.0
Total 27 100 15 100 12 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 17 65.4 10 71.4 7 58.3
Somewhat Important 6 23.1 4 28.6 2 16.7
Very Important 3 11.5 0 0.0 3 25.0
Total 26 100 14 100 12 100

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 0 0.0 0 0.0 0 0.0
Somewhat Important 12 44.4 6 40.0 6 50.0
Very Important 15 55.6 9 60.0 6 50.0
Total 27 100 15 100 12 100

e. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 22 84.6 14 100.0 8 66.7
Somewhat Important 4 15.4 0 0.0 4 33.3
Very Important 0 0.0 0 0.0 0 0.0
Total 26 100 14 100 12 100

f. Increased liquidity in the secondary market for these loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 22 84.6 13 92.9 9 75.0
Somewhat Important 3 11.5 1 7.1 2 16.7
Very Important 1 3.8 0 0.0 1 8.3
Total 26 100 14 100 12 100

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 20 76.9 13 92.9 7 58.3
Somewhat Important 2 7.7 1 7.1 1 8.3
Very Important 4 15.4 0 0.0 4 33.3
Total 26 100 14 100 12 100

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 21 84.0 14 100.0 7 63.6
Somewhat Important 4 16.0 0 0.0 4 36.4
Very Important 0 0.0 0 0.0 0 0.0
Total 25 100 14 100 11 100

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 1 1.5 1 3.0 0 0.0
Moderately stronger 16 24.6 10 30.3 6 18.8
About the same 39 60.0 17 51.5 22 68.8
Moderately weaker 9 13.8 5 15.2 4 12.5
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 18 29.0 8 26.7 10 31.2
About the same 37 59.7 19 63.3 18 56.2
Moderately weaker 7 11.3 3 10.0 4 12.5
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 62 100 30 100 32 100

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 2 8.7 1 8.3 1 9.1
Somewhat Important 16 69.6 8 66.7 8 72.7
Very Important 5 21.7 3 25.0 2 18.2
Total 23 100 12 100 11 100

b. Customer accounts receivable financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 5 21.7 3 25.0 2 18.2
Somewhat Important 15 65.2 7 58.3 8 72.7
Very Important 3 13.0 2 16.7 1 9.1
Total 23 100 12 100 11 100

c. Customer investment in plant or equipment increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 6 26.1 6 50.0 0 0.0
Somewhat Important 17 73.9 6 50.0 11 100.0
Very Important 0 0.0 0 0.0 0 0.0
Total 23 100 12 100 11 100

d. Customer internally generated funds decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 19 79.2 12 100.0 7 58.3
Somewhat Important 4 16.7 0 0.0 4 33.3
Very Important 1 4.2 0 0.0 1 8.3
Total 24 100 12 100 12 100

e. Customer merger or acquisition financing needs increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 12 52.2 5 41.7 7 63.6
Somewhat Important 9 39.1 5 41.7 4 36.4
Very Important 2 8.7 2 16.7 0 0.0
Total 23 100 12 100 11 100

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 15 65.2 9 75.0 6 54.5
Somewhat Important 7 30.4 3 25.0 4 36.4
Very Important 1 4.3 0 0.0 1 9.1
Total 23 100 12 100 11 100

g. Customer precautionary demand for cash and liquidity increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 13 56.5 7 58.3 6 54.5
Somewhat Important 10 43.5 5 41.7 5 45.5
Very Important 0 0.0 0 0.0 0 0.0
Total 23 100 12 100 11 100

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 3 33.3 2 33.3 1 33.3
Somewhat Important 6 66.7 4 66.7 2 66.7
Very Important 0 0.0 0 0.0 0 0.0
Total 9 100 6 100 3 100

b. Customer accounts receivable financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 4 44.4 2 33.3 2 66.7
Somewhat Important 5 55.6 4 66.7 1 33.3
Very Important 0 0.0 0 0.0 0 0.0
Total 9 100 6 100 3 100

c. Customer investment in plant or equipment decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 3 33.3 2 33.3 1 33.3
Somewhat Important 5 55.6 4 66.7 1 33.3
Very Important 1 11.1 0 0.0 1 33.3
Total 9 100 6 100 3 100

d. Customer internally generated funds increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 4 44.4 3 50.0 1 33.3
Somewhat Important 4 44.4 2 33.3 2 66.7
Very Important 1 11.1 1 16.7 0 0.0
Total 9 100 6 100 3 100

e. Customer merger or acquisition financing needs decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 3 33.3 2 33.3 1 33.3
Somewhat Important 3 33.3 2 33.3 1 33.3
Very Important 3 33.3 2 33.3 1 33.3
Total 9 100 6 100 3 100

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 4 44.4 2 33.3 2 66.7
Somewhat Important 3 33.3 3 50.0 0 0.0
Very Important 2 22.2 1 16.7 1 33.3
Total 9 100 6 100 3 100

g. Customer precautionary demand for cash and liquidity decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 4 50.0 2 40.0 2 66.7
Somewhat Important 4 50.0 3 60.0 1 33.3
Very Important 0 0.0 0 0.0 0 0.0
Total 8 100 5 100 3 100

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 18 27.7 10 30.3 8 25.0
The number of inquiries has stayed about the same 37 56.9 16 48.5 21 65.6
The number of inquiries has decreased moderately 10 15.4 7 21.2 3 9.4
The number of inquiries has decreased substantially 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

For this question, 1 respondent 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 1 1.6 0 0.0 1 3.1
Tightened somewhat 7 10.9 3 9.4 4 12.5
Remained basically unchanged 51 79.7 26 81.2 25 78.1
Eased somewhat 5 7.8 3 9.4 2 6.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 32 100 32 100

For this question, 3 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 5 7.7 1 3.0 4 12.5
Remained basically unchanged 55 84.6 29 87.9 26 81.2
Eased somewhat 5 7.7 3 9.1 2 6.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 1 1.5 0 0.0 1 3.1
Tightened somewhat 4 6.2 1 3.0 3 9.4
Remained basically unchanged 49 75.4 26 78.8 23 71.9
Eased somewhat 11 16.9 6 18.2 5 15.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 7 10.9 3 9.4 4 12.5
About the same 48 75.0 23 71.9 25 78.1
Moderately weaker 9 14.1 6 18.8 3 9.4
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 64 100 32 100 32 100

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 9 13.8 2 6.1 7 21.9
About the same 47 72.3 27 81.8 20 62.5
Moderately weaker 9 13.8 4 12.1 5 15.6
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 0 0.0 0 0.0 0 0.0
Moderately stronger 17 26.2 7 21.2 10 31.2
About the same 43 66.2 23 69.7 20 62.5
Moderately weaker 5 7.7 3 9.1 2 6.2
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 2 3.3 0 0.0 2 6.1
Remained basically unchanged 53 88.3 25 92.6 28 84.8
Eased somewhat 5 8.3 2 7.4 3 9.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 60 100 27 100 33 100

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 3.7 0 0.0 2 6.2
Remained basically unchanged 48 88.9 21 95.5 27 84.4
Eased somewhat 4 7.4 1 4.5 3 9.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100 22 100 32 100

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 1 1.8 0 0.0 1 3.2
Remained basically unchanged 52 91.2 23 88.5 29 93.5
Eased somewhat 4 7.0 3 11.5 1 3.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 26 100 31 100

For this question, 10 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 1 1.7 0 0.0 1 3.1
Remained basically unchanged 49 84.5 18 69.2 31 96.9
Eased somewhat 8 13.8 8 30.8 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 26 100 32 100

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 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.8 0 0.0 1 3.7
Remained basically unchanged 49 87.5 23 79.3 26 96.3
Eased somewhat 6 10.7 6 20.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100 29 100 27 100

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 1 1.9 0 0.0 1 3.6
Remained basically unchanged 47 87.0 22 84.6 25 89.3
Eased somewhat 6 11.1 4 15.4 2 7.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100 26 100 28 100

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 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, 59 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 1.7 1 3.8 0 0.0
Moderately stronger 6 10.2 2 7.7 4 12.1
About the same 22 37.3 8 30.8 14 42.4
Moderately weaker 24 40.7 12 46.2 12 36.4
Substantially weaker 6 10.2 3 11.5 3 9.1
Total 59 100 26 100 33 100

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 1 1.9 1 4.5 0 0.0
Moderately stronger 3 5.6 0 0.0 3 9.4
About the same 28 51.9 12 54.5 16 50.0
Moderately weaker 18 33.3 8 36.4 10 31.2
Substantially weaker 4 7.4 1 4.5 3 9.4
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 0 0.0 0 0.0 0 0.0
Moderately stronger 5 8.8 2 7.7 3 9.7
About the same 26 45.6 11 42.3 15 48.4
Moderately weaker 25 43.9 13 50.0 12 38.7
Substantially weaker 1 1.8 0 0.0 1 3.2
Total 57 100 26 100 31 100

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 1.7 1 3.8 0 0.0
Moderately stronger 8 13.8 2 7.7 6 18.8
About the same 19 32.8 8 30.8 11 34.4
Moderately weaker 27 46.6 14 53.8 13 40.6
Substantially weaker 3 5.2 1 3.8 2 6.2
Total 58 100 26 100 32 100

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 1.8 1 3.4 0 0.0
Moderately stronger 7 12.5 4 13.8 3 11.1
About the same 22 39.3 10 34.5 12 44.4
Moderately weaker 24 42.9 14 48.3 10 37.0
Substantially weaker 2 3.6 0 0.0 2 7.4
Total 56 100 29 100 27 100

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 1.9 1 3.8 0 0.0
Moderately stronger 5 9.4 3 11.5 2 7.4
About the same 23 43.4 11 42.3 12 44.4
Moderately weaker 23 43.4 11 42.3 12 44.4
Substantially weaker 1 1.9 0 0.0 1 3.7
Total 53 100 26 100 27 100

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 0.0 0 0.0
Moderately stronger 0 0.0 0 0.0 0 0.0
About the same 6 85.7 1 100.0 5 83.3
Moderately weaker 0 0.0 0 0.0 0 0.0
Substantially weaker 1 14.3 0 0.0 1 16.7
Total 7 100 1 100 6 100

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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 53 93.0 23 88.5 30 96.8
Eased somewhat 2 3.5 2 7.7 0 0.0
Eased considerably 2 3.5 1 3.8 1 3.2
Total 57 100 26 100 31 100

For this question, 11 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 1.8 0 0.0 1 3.2
Moderately stronger 9 15.8 6 23.1 3 9.7
About the same 40 70.2 15 57.7 25 80.6
Moderately weaker 7 12.3 5 19.2 2 6.5
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 57 100 26 100 31 100

Questions 17-26 ask about consumer lending at your bank. Question 17 deals with changes in your bank's willingness to make consumer installment 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. (This question covers the range of consumer installment loans defined as consumer loans with a set number of scheduled payments, such as auto loans, student loans, and personal loans. It does not cover credit cards and other types of revolving credit, nor mortgages, which are included under the residential real estate questions.)

 

  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 12 20.3 6 22.2 6 18.8
About unchanged 46 78.0 20 74.1 26 81.2
Somewhat less willing 1 1.7 1 3.7 0 0.0
Much less willing 0 0.0 0 0.0 0 0.0
Total 59 100 27 100 32 100

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 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 4.2 2 7.7 0 0.0
Remained basically unchanged 39 81.2 19 73.1 20 90.9
Eased somewhat 7 14.6 5 19.2 2 9.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 48 100 26 100 22 100

For this question, 19 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 1 1.9 1 4.8 0 0.0
Remained basically unchanged 47 90.4 18 85.7 29 93.5
Eased somewhat 4 7.7 2 9.5 2 6.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100 21 100 31 100

For this question, 16 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 1 1.7 1 3.7 0 0.0
Remained basically unchanged 55 93.2 25 92.6 30 93.8
Eased somewhat 3 5.1 1 3.7 2 6.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 59 100 27 100 32 100

For this question, 9 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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 40 88.9 24 92.3 16 84.2
Eased somewhat 5 11.1 2 7.7 3 15.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 26 100 19 100

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 2 4.4 1 3.8 1 5.3
Remained basically unchanged 41 91.1 25 96.2 16 84.2
Eased somewhat 2 4.4 0 0.0 2 10.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 26 100 19 100

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 1 2.2 1 3.8 0 0.0
Remained basically unchanged 44 97.8 25 96.2 19 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 26 100 19 100

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 2.2 1 3.8 0 0.0
Remained basically unchanged 40 88.9 21 80.8 19 100.0
Eased somewhat 4 8.9 4 15.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 26 100 19 100

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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 40 88.9 23 88.5 17 89.5
Eased somewhat 5 11.1 3 11.5 2 10.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 45 100 26 100 19 100

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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 48 94.1 20 95.2 28 93.3
Eased somewhat 3 5.9 1 4.8 2 6.7
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100 21 100 30 100

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 2 3.9 0 0.0 2 6.7
Remained basically unchanged 32 62.7 8 38.1 24 80.0
Eased somewhat 12 23.5 8 38.1 4 13.3
Eased considerably 5 9.8 5 23.8 0 0.0
Total 51 100 21 100 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 1 2.0 1 4.8 0 0.0
Remained basically unchanged 50 98.0 20 95.2 30 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100 21 100 30 100

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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 49 96.1 20 95.2 29 96.7
Eased somewhat 2 3.9 1 4.8 1 3.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100 21 100 30 100

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 2.0 1 4.8 0 0.0
Remained basically unchanged 50 98.0 20 95.2 30 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100 21 100 30 100

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 1 1.7 1 3.7 0 0.0
Remained basically unchanged 55 94.8 26 96.3 29 93.5
Eased somewhat 2 3.4 0 0.0 2 6.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 27 100 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 1 1.7 0 0.0 1 3.2
Remained basically unchanged 49 84.5 22 81.5 27 87.1
Eased somewhat 6 10.3 3 11.1 3 9.7
Eased considerably 2 3.4 2 7.4 0 0.0
Total 58 100 27 100 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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 56 98.2 26 100.0 30 96.8
Eased somewhat 1 1.8 0 0.0 1 3.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 57 100 26 100 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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 55 94.8 26 96.3 29 93.5
Eased somewhat 3 5.2 1 3.7 2 6.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 27 100 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 0 0.0 0 0.0 0 0.0
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 56 96.6 27 100.0 29 93.5
Eased somewhat 2 3.4 0 0.0 2 6.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 58 100 27 100 31 100

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 0 0.0 0 0.0 0 0.0
Moderately stronger 13 28.3 7 26.9 6 30.0
About the same 32 69.6 18 69.2 14 70.0
Moderately weaker 1 2.2 1 3.8 0 0.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 46 100 26 100 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 0 0.0 0 0.0 0 0.0
Moderately stronger 15 28.8 3 14.3 12 38.7
About the same 29 55.8 13 61.9 16 51.6
Moderately weaker 6 11.5 4 19.0 2 6.5
Substantially weaker 2 3.8 1 4.8 1 3.2
Total 52 100 21 100 31 100

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 1.7 0 0.0 1 3.1
Moderately stronger 10 16.9 5 18.5 5 15.6
About the same 43 72.9 19 70.4 24 75.0
Moderately weaker 5 8.5 3 11.1 2 6.2
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 59 100 27 100 32 100

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 asks about 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 2 3.1 1 3.1 1 3.1
Remained basically unchanged 47 73.4 26 81.2 21 65.6
Eased somewhat 15 23.4 5 15.6 10 31.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 32 100 32 100

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 1.6 0 0.0 1 3.1
Remained basically unchanged 54 84.4 28 87.5 26 81.2
Eased somewhat 9 14.1 4 12.5 5 15.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 32 100 32 100

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 10 15.6 6 18.8 4 12.5
Remained basically unchanged 34 53.1 16 50.0 18 56.2
Eased somewhat 20 31.2 10 31.2 10 31.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 32 100 32 100

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 10.9 5 15.6 2 6.2
Remained basically unchanged 53 82.8 25 78.1 28 87.5
Eased somewhat 4 6.2 2 6.2 2 6.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 32 100 32 100

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 4 6.2 2 6.2 2 6.2
Remained basically unchanged 53 82.8 24 75.0 29 90.6
Eased somewhat 7 10.9 6 18.8 1 3.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 64 100 32 100 32 100

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 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 0 0.0 2 6.2
Remained basically unchanged 53 82.8 27 84.4 26 81.2
Eased somewhat 8 12.5 4 12.5 4 12.5
Eased considerably 1 1.6 1 3.1 0 0.0
Total 64 100 32 100 32 100

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 1 1.6 0 0.0 1 3.1
Remained basically unchanged 49 76.6 26 81.2 23 71.9
Eased somewhat 13 20.3 6 18.8 7 21.9
Eased considerably 1 1.6 0 0.0 1 3.1
Total 64 100 32 100 32 100

For this question, 4 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 1 1.5 0 0.0 1 3.1
Remained basically unchanged 53 81.5 29 87.9 24 75.0
Eased somewhat 11 16.9 4 12.1 7 21.9
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 1.6 0 0.0 1 3.2
Remained basically unchanged 56 88.9 31 96.9 25 80.6
Eased somewhat 6 9.5 1 3.1 5 16.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100 32 100 31 100

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 9 13.8 5 15.2 4 12.5
Remained basically unchanged 30 46.2 16 48.5 14 43.8
Eased somewhat 26 40.0 12 36.4 14 43.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 4 6.2 3 9.1 1 3.1
Remained basically unchanged 56 86.2 27 81.8 29 90.6
Eased somewhat 5 7.7 3 9.1 2 6.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 4 6.2 2 6.1 2 6.2
Remained basically unchanged 55 84.6 26 78.8 29 90.6
Eased somewhat 6 9.2 5 15.2 1 3.1
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 0 0.0 2 6.5
Remained basically unchanged 55 85.9 29 87.9 26 83.9
Eased somewhat 6 9.4 3 9.1 3 9.7
Eased considerably 1 1.6 1 3.0 0 0.0
Total 64 100 33 100 31 100

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 1 1.5 0 0.0 1 3.1
Remained basically unchanged 52 80.0 27 81.8 25 78.1
Eased somewhat 12 18.5 6 18.2 6 18.8
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

For this question, 3 respondents 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 1 1.5 0 0.0 1 3.1
Remained basically unchanged 48 73.8 28 84.8 20 62.5
Eased somewhat 16 24.6 5 15.2 11 34.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 1.6 0 0.0 1 3.2
Remained basically unchanged 53 84.1 30 93.8 23 74.2
Eased somewhat 9 14.3 2 6.2 7 22.6
Eased considerably 0 0.0 0 0.0 0 0.0
Total 63 100 32 100 31 100

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 10.8 4 12.1 3 9.4
Remained basically unchanged 31 47.7 14 42.4 17 53.1
Eased somewhat 27 41.5 15 45.5 12 37.5
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 7.7 2 6.1 3 9.4
Remained basically unchanged 55 84.6 29 87.9 26 81.2
Eased somewhat 5 7.7 2 6.1 3 9.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 1 1.5 0 0.0 1 3.1
Tightened somewhat 3 4.6 2 6.1 1 3.1
Remained basically unchanged 51 78.5 24 72.7 27 84.4
Eased somewhat 10 15.4 7 21.2 3 9.4
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.1 0 0.0 2 6.2
Remained basically unchanged 52 80.0 28 84.8 24 75.0
Eased somewhat 10 15.4 4 12.1 6 18.8
Eased considerably 1 1.5 1 3.0 0 0.0
Total 65 100 33 100 32 100

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 1 1.5 0 0.0 1 3.1
Remained basically unchanged 50 76.9 27 81.8 23 71.9
Eased somewhat 14 21.5 6 18.2 8 25.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 65 100 33 100 32 100

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

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 the following possible reasons been for the change? (Please respond to either A, B, or both as appropriate.)

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 4 25.0 3 30.0 1 16.7
Somewhat Important 10 62.5 6 60.0 4 66.7
Very Important 2 12.5 1 10.0 1 16.7
Total 16 100 10 100 6 100

b. Less favorable or more uncertain outlook for market rents on CRE properties

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 5 31.2 4 40.0 1 16.7
Somewhat Important 10 62.5 6 60.0 4 66.7
Very Important 1 6.2 0 0.0 1 16.7
Total 16 100 10 100 6 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 4 25.0 3 30.0 1 16.7
Somewhat Important 8 50.0 5 50.0 3 50.0
Very Important 4 25.0 2 20.0 2 33.3
Total 16 100 10 100 6 100

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 12 80.0 8 80.0 4 80.0
Somewhat Important 2 13.3 1 10.0 1 20.0
Very Important 1 6.7 1 10.0 0 0.0
Total 15 100 10 100 5 100

e. Reduced tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 10 62.5 8 80.0 2 33.3
Somewhat Important 6 37.5 2 20.0 4 66.7
Very Important 0 0.0 0 0.0 0 0.0
Total 16 100 10 100 6 100

f. Decreased ability to securitize CRE loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 11 68.8 7 70.0 4 66.7
Somewhat Important 2 12.5 0 0.0 2 33.3
Very Important 3 18.8 3 30.0 0 0.0
Total 16 100 10 100 6 100

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 9 90.0 5 83.3
Somewhat Important 1 6.2 0 0.0 1 16.7
Very Important 1 6.2 1 10.0 0 0.0
Total 16 100 10 100 6 100

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 12 75.0 9 90.0 3 50.0
Somewhat Important 3 18.8 0 0.0 3 50.0
Very Important 1 6.2 1 10.0 0 0.0
Total 16 100 10 100 6 100

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 10 28.6 7 38.9 3 17.6
Somewhat Important 22 62.9 9 50.0 13 76.5
Very Important 3 8.6 2 11.1 1 5.9
Total 35 100 18 100 17 100

b. More favorable or less uncertain outlook for market rents on CRE properties

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 10 27.8 6 33.3 4 22.2
Somewhat Important 18 50.0 6 33.3 12 66.7
Very Important 8 22.2 6 33.3 2 11.1
Total 36 100 18 100 18 100

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

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 13 36.1 9 50.0 4 22.2
Somewhat Important 17 47.2 4 22.2 13 72.2
Very Important 6 16.7 5 27.8 1 5.6
Total 36 100 18 100 18 100

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 2 5.4 0 0.0 2 10.5
Somewhat Important 16 43.2 7 38.9 9 47.4
Very Important 19 51.4 11 61.1 8 42.1
Total 37 100 18 100 19 100

e. Increased tolerance for risk

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 24 68.6 14 82.4 10 55.6
Somewhat Important 10 28.6 2 11.8 8 44.4
Very Important 1 2.9 1 5.9 0 0.0
Total 35 100 17 100 18 100

f. Increased ability to securitize CRE loans

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 28 82.4 15 88.2 13 76.5
Somewhat Important 5 14.7 1 5.9 4 23.5
Very Important 1 2.9 1 5.9 0 0.0
Total 34 100 17 100 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 29 85.3 16 94.1 13 76.5
Somewhat Important 5 14.7 1 5.9 4 23.5
Very Important 0 0.0 0 0.0 0 0.0
Total 34 100 17 100 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 29 87.9 17 100.0 12 75.0
Somewhat Important 4 12.1 0 0.0 4 25.0
Very Important 0 0.0 0 0.0 0 0.0
Total 33 100 17 100 16 100

31. If demand for CRE loans from your bank has strengthened or weakened over the past year, how important have the following possible reasons been for the change? (Please respond to either A, B, or both as appropriate.)

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 7 16.7 3 15.8 4 17.4
Somewhat Important 28 66.7 10 52.6 18 78.3
Very Important 7 16.7 6 31.6 1 4.3
Total 42 100 19 100 23 100

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 4 9.5 2 10.5 2 8.7
Somewhat Important 28 66.7 9 47.4 19 82.6
Very Important 10 23.8 8 42.1 2 8.7
Total 42 100 19 100 23 100

c. General level of interest rates decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 27 67.5 17 89.5 10 47.6
Somewhat Important 11 27.5 2 10.5 9 42.9
Very Important 2 5.0 0 0.0 2 9.5
Total 40 100 19 100 21 100

d. Customer internally generated funds decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 32 82.1 17 89.5 15 75.0
Somewhat Important 6 15.4 2 10.5 4 20.0
Very Important 1 2.6 0 0.0 1 5.0
Total 39 100 19 100 20 100

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 26 61.9 16 84.2 10 43.5
Somewhat Important 14 33.3 2 10.5 12 52.2
Very Important 2 4.8 1 5.3 1 4.3
Total 42 100 19 100 23 100

f. Customer precautionary demand for cash and liquidity increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 26 65.0 17 89.5 9 42.9
Somewhat Important 13 32.5 2 10.5 11 52.4
Very Important 1 2.5 0 0.0 1 4.8
Total 40 100 19 100 21 100

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 13 43.3 7 53.8 6 35.3
Somewhat Important 15 50.0 5 38.5 10 58.8
Very Important 2 6.7 1 7.7 1 5.9
Total 30 100 13 100 17 100

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 45.2 6 46.2 8 44.4
Somewhat Important 17 54.8 7 53.8 10 55.6
Very Important 0 0.0 0 0.0 0 0.0
Total 31 100 13 100 18 100

c. General level of interest rates increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 13 41.9 6 46.2 7 38.9
Somewhat Important 15 48.4 6 46.2 9 50.0
Very Important 3 9.7 1 7.7 2 11.1
Total 31 100 13 100 18 100

d. Customer internally generated funds increased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 20 64.5 12 92.3 8 44.4
Somewhat Important 11 35.5 1 7.7 10 55.6
Very Important 0 0.0 0 0.0 0 0.0
Total 31 100 13 100 18 100

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 18 56.2 10 76.9 8 42.1
Somewhat Important 10 31.2 1 7.7 9 47.4
Very Important 4 12.5 2 15.4 2 10.5
Total 32 100 13 100 19 100

f. Customer precautionary demand for cash and liquidity decreased

  All Respondents Large Banks Other Banks
Banks Percent Banks Percent Banks Percent
Not Important 21 70.0 11 84.6 10 58.8
Somewhat Important 7 23.3 2 15.4 5 29.4
Very Important 2 6.7 0 0.0 2 11.8
Total 30 100 13 100 17 100

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, 2021. The combined assets of the 35 large banks totaled $14.1 trillion, compared to $14.8 trillion for the entire panel of 68 banks, and $20.3 trillion for all domestically chartered, federally insured commercial banks. Return to text

Back to Top
Last Update: May 09, 2022