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Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS)

Announcements

This feed provides information about Senior Loan Officer Opinion Survey on Bank Lending Practices data from the Federal Reserve Board's SLOOS release available through the Data Download Program (DDP).

December 15, 2023

Change in large bank definition in the October 2023 SLOOS
The October 2023 Senior Loan Officer Opinion Survey (published on November 6, 2023) included a change to the definition of "large banks." Large banks are now defined as those with $100 billion or more in total assets as of the most recent Call Report, up from $50 billion on prior surveys since 2019. The full history of changes to the large bank size definition can be found in the Data Download Program under the "Memo" dataset, series SUBLPDMCO_N.Q.

March 09, 2023

Federal Reserve Board to make formatting changes to DDP XML files
On March 26, 2023, the Federal Reserve will make minor changes to the format of all XML files released through the Data Download Program (DDP). The changes include
- adding line breaks in message headers to improve readability;
- removing extra spaces before closing tags of observations;
- and some long description text that was previously truncated will no longer be truncated.

To see a sample file for this data release, click here: https://www.federalreserve.gov/data/sampleDDP/sloos_data.zip

These changes will help expedite the release of some public DDP releases and lay the groundwork for continued improvements in the future.

August 15, 2022

Federal Reserve Board seeks DDP users for online survey

The Federal Reserve Board is conducting an online survey to collect data on online usage and consumption preferences of users of the Board's Data Download Program (DDP) website.

Visit our website to take the survey: https://boardofgovernors.gov1.qualtrics.com/jfe/form/SV_1I95KuU02McZSwS

May 19, 2022

Federal Reserve Board seeks DDP users for focus groups

The Federal Reserve Board is conducting focus groups to collect data on online usage and consumption preferences of users of the Board's Data Download Program (DDP) website.

Visit our Contact Us page, enter your information, and write "volunteer" in the comment box to sign up: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/ddpfeedback/

May 04, 2020

Weighted aggregate series available in DDP

With the release of the April 2020 Senior Loan Officer Opinion Survey results six new series are available via the Data Download Program (DDP). These series report aggregate standards and demand for business loans, household loans, and all loans, weighted by banks' loan portfolio shares. The construction of these series is described in Glancy, David, Robert Kurtzman, and Rebecca Zarutskie (2020). "An Aggregate View of Bank Lending Standards and Demand," FEDS Notes. Washington: Board of Governors of the Federal Reserve System, 2020-05-04, https://doi.org/10.17016/2380-7172.2546.

Weighted series can be found by selecting the "Memo" data set in the "Build Your Package" tool and have the following names:

All loans: SUBLPDMOS_XWB_N.Q (standards) and SUBLPDMOD_XWB_N.Q (demand)

Business loans: SUBLPDMBS_XWB_N.Q (standards) and SUBLPDMBD_XWB_N.Q (demand)

Household loans: SUBLPDMHS_XWB_N.Q (standards) and SUBLPDMHD_XWB_N.Q (demand)

November 05, 2019

SLOOS Chart Data release correction

On November 4, 2019, the SLOOS Chart Data HTML file was posted with data with small discrepancies from their correct values. This file has been reposted with the corrected data. Data in the release tables and Data Download Program are unaffected.

September 23, 2019

Additional Senior Loan Officer Opinion Survey data available in DDP and historical data revision

The Data Download Program (DDP) for the Senior Loan Officer Opinion Survey will be extended on October 7, 2019 to include series for large and other banks for all currently reported series for domestically chartered banks in the DDP, in addition to the currently reported data series for all domestically chartered banks. The new data series reported by bank size may be selected using the "Bank Size" menu in the "Build your Package" tool. A new data series, "SUBLPDMCO_N.Q", that reports the total assets value which delineates large banks from other banks in each survey, is also now available. The bank size variable can be selected under the "Memo" data set in the "Build your Package" tool.

In addition to these new data series, historical values of several existing data series will be revised as follows:


Values for the series reporting net changes in standards, terms and demand for C&I loans from domestic banks for large and middle market firms have been revised for surveys prior to 1997. Prior to 1997 domestic banks were asked about standards and demand for large firms and separately about standards and demand for middle-market firms. The revised series net banks responses across the two questions about changes in standards to large and middle market firms and net banks responses across the two questions about changes in demand to large and middle market firms. Previously the series were generated by averaging banks' responses across the two sets of questions.

o The revised series include SUBLPDCILS_N.Q, SUBLPDCILD_N.Q, SUBLPDCILTC_N.Q, SUBLPDCILTL_N.Q, SUBLPDCILTM_N.Q, SUBLPDCILTQ_N.Q, SUBLPDCILTS_N.Q.

The responses prior to 1995:Q2 to questions about reasons for tightening or easing of standards and weakening or strengthening of demand for C&I loans have been revised. Prior to the 1995:Q2 survey, the wording of the questions on reasons for tightening or easing C&I loans standards or reasons for stronger or weaker demand asked banks to rank reasons from most important to least important on a 1 to 5 scale, with 1 being most the important reason. The current questions ask banks to characterize the set of reasons as being very important (value = 3), somewhat important (value = 2) or not important (value =1). Prior to the 1995:Q2 survey, reasons ranked 4 or 5 or unranked are labeled as not important (value = 1), reasons ranked 3 and 2 are labeled as somewhat important (value = 2), and reasons ranked as 1 are labeled as very important (value =1). The revised data series correct instances in which this mapping scheme was not followed.

o The revised series include SUBLPDCIRECN_N.Q, SUBLPDCIRECS_N.Q, SUBLPDCIRECV_N.Q, SUBLPDCIREIN_N.Q, SUBLPDCIREIS_N.Q, SUBLPDCIREIV_N.Q, SUBLPDCIREON_N.Q, SUBLPDCIREOS_N.Q, SUBLPDCIREOV_N.Q, SUBLPDCIRTCN_N.Q, SUBLPDCIRTCS_N.Q, SUBLPDCIRTCV_N.Q, SUBLPDCIRTIN_N.Q, SUBLPDCIRTIS_N.Q, SUBLPDCIRTIV_N.Q, SUBLPDCIRTON_N.Q, SUBLPDCIRTOS_N.Q, and SUBLPDCIRTOV_N.Q.

The data series observations listed below have been corrected. In the case of observations being corrected to n.a. the number of respondents was insufficient to produce meaningful data. The GSE-eligible mortgage series had been incorrectly set to n.a. These series were presented correctly in the release tables.

o The series for demand for subprime mortgages (SUBLPDHMDS_N.Q) has been corrected to n.a. in 2016:Q2, 2017:Q2, and 2018:Q1.

o The series for standards on subprime mortgages (SUBLPDHMSS_N.Q) has been corrected to n.a. in 2018:Q1.

o The series for standards on GSE-eligible mortgages (SUBLPDHMSE_N.Q) has been corrected from n.a. to -11.1 in 2017:Q4.

March 29, 2019

Senior Loan Officer Opinion Survey data correction
In Table 1, the text for question 31.A has been corrected to read "Possible reasons for expecting to tighten credit standards." Additionally, the text for reason 1 under question 31.A has been corrected to read "Expected deterioration in your bank's capital or liquidity position." The data in the tables are unchanged.

The 2019:Q1 data points for series on subprime mortgage loan standards and demand have been corrected in both the DDP and chart package. The number of respondents was insufficient to produce meaningful data. The standards series has been corrected from zero to n.a. and the demand series has been corrected from -33.3 to n.a. These series were presented correctly in the release tables.

August 07, 2017

SLOOS Data Download Program (DDP) release correction
On August 7, 2017, the SLOOS DDP files were reposted to correct for missing July survey data. The HTML version of the release was correct as posted.

February 06, 2015

Additional Senior Loan Officer Opinion Survey data available in DDP
As of the January 2015 survey, the residential mortgage loans questions regarding changes in credit standards and demand have been split into seven categories: Government-Sponsored Enterprise eligible (GSE-eligible) residential mortgages; government residential mortgages; Qualified Mortgage (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.

The Data Download Program (DDP) for the Senior Loan Officer Opinion Survey has now been extended to include these new series from the survey. Responses to the residential real estate questions under the previous definitions may be obtained from the DDP by selecting the "Discontinued standards, terms, and demand" option under "Build your package."

February 04, 2015

Senior Loan Officer Opinion Survey data correction
In Table 1, question 17, the "About unchanged" category has been corrected; the "About unchanged" under "All Respondents" and "Large Banks" increased by 1, and their corresponding percent values were adjusted.

November 03, 2014

Senior Loan Officer Opinion Survey data correction
Due to a technical error, data in Figures 2, 3, and 4 (cont.) were missing at the time of posting. The figures have been reposted with the corrected data.

November 03, 2014

Additional Senior Loan Officer Opinion Survey data available in DDP
The Data Download Program (DDP) for the Senior Loan Officer Opinion Survey has now been extended to include historical data covering the period since 1982:Q2 for the series "Net percentage of domestic banks reporting increased willingness to make consumer installment loans." Previously, the historical data period began in 1990:Q2.

February 21, 2014

Additional Senior Loan Officer Opinion Survey data available in DDP
As of the October 2013 survey, the domestic commercial real estate questions on standards and demand have been split into three major categories: loans secured by nonfarm, nonresidential structures; loans for construction and land development purposes; and loans secured by multifamily residential structures.

The Data Download Program (DDP) for the Senior Loan Officer Opinion Survey has now been extended to include these new series from the survey. Responses to the consolidated domestic commercial real estate questions prior to the split may be obtained from the DDP by selecting the "Discontinued standards, terms, and demand" option under "Build your package."

August 05, 2013

Additional Senior Loan Officer Opinion Survey data available in DDP

The Data Download Program (DDP) for the Senior Loan Officer Opinion Survey has been extended to include most series from the survey.

In order to accommodate the expansion of the data available for download, all series names have been renamed, however the original series are still available for download. A mapping of old to new names is available here.

November 08, 2011

New graphics options are now available from the Data Download Program (DDP)
Users can now view plotted data as column charts, and add U.S. recession shading, while using the "View chart" function of the Data Download Program (DDP).

May 10, 2011

Senior Loan Officer Survey on Bank Lending Practices data are now available from the Data Download Program
Data from the Senior Loan Officer Survey on Bank Lending Practices are now available for customizable download through the Federal Reserve Board's Data Download Program (DDP). These data will be updated quarterly.
Last update: December 15, 2023