Below are the key quotes from the Federal Reserve’s recently published ‘July 2018 Senior Loan Officer Opinion Survey on Bank Lending Practices.’
- Respondents to the July survey indicated that they eased their standards and terms on commercial and industrial (C&I) loans to firms of all sizes and kept commercial real estate (CRE) lending standards about unchanged on balance.
- Banks, on balance, reported that their levels of lending standards on C&I loans are currently at the easier end of the range from 2005 to the present.
- Banks reported weaker demand for all categories of RRE loans, while demand for consumer loans reportedly remained about unchanged.
- From a longer-term perspective, banks, on balance, reported that their current level of RRE and subprime consumer lending standards are at the tighter end of the range from 2005 to now.
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