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Fed's July Senior Loan Officer Opinion Survey: Demand for consumer loans remained unchanged
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.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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