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Senior Loan Officer Opinion Survey on Bank Lending Practices
January 2010

Survey | Full report (421 KB PDF)
Table 1 |Table 2 | Chart data
Table 1 (220 KB PDF) | Table 2 (103 KB PDF) | Charts (30 KB 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 January 2010)

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.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
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 52 94.5 28 93.3 24 96.0
Eased somewhat 3 5.5 2 6.7 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.7 1 3.4 1 4.0
Remained basically unchanged 52 96.3 28 96.6 24 96.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0

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?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 9 16.4 3 10.0 6 24.0
Remained basically unchanged 42 76.4 24 80.0 18 72.0
Eased somewhat 4 7.3 3 10.0 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 1 3.3 0 0.0
Tightened somewhat 3 5.5 1 3.3 2 8.0
Remained basically unchanged 46 83.6 23 76.7 23 92.0
Eased somewhat 5 9.1 5 16.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 0 0.0 1 4.0
Tightened somewhat 12 21.8 7 23.3 5 20.0
Remained basically unchanged 35 63.6 18 60.0 17 68.0
Eased somewhat 7 12.7 5 16.7 2 8.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 1 3.3 0 0.0
Tightened somewhat 13 23.6 6 20.0 7 28.0
Remained basically unchanged 32 58.2 15 50.0 17 68.0
Eased somewhat 9 16.4 8 26.7 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 1 3.3 0 0.0
Tightened somewhat 10 18.2 7 23.3 3 12.0
Remained basically unchanged 41 74.5 19 63.3 22 88.0
Eased somewhat 3 5.5 3 10.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 8 14.5 5 16.7 3 12.0
Remained basically unchanged 46 83.6 24 80.0 22 88.0
Eased somewhat 1 1.8 1 3.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 9.6 2 7.4 3 12.0
Remained basically unchanged 47 90.4 25 92.6 22 88.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 27 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 1 3.4 0 0.0
Tightened somewhat 6 11.1 2 6.9 4 16.0
Remained basically unchanged 46 85.2 26 89.7 20 80.0
Eased somewhat 1 1.9 0 0.0 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.6 2 6.9 1 4.0
Remained basically unchanged 51 94.4 27 93.1 24 96.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 0 0.0 1 4.0
Tightened somewhat 11 20.4 7 24.1 4 16.0
Remained basically unchanged 38 70.4 20 69.0 18 72.0
Eased somewhat 4 7.4 2 6.9 2 8.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 1 3.4 0 0.0
Tightened somewhat 11 20.4 6 20.7 5 20.0
Remained basically unchanged 38 70.4 19 65.5 19 76.0
Eased somewhat 4 7.4 3 10.3 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 1 3.4 0 0.0
Tightened somewhat 12 22.2 8 27.6 4 16.0
Remained basically unchanged 41 75.9 20 69.0 21 84.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 13.0 4 13.8 3 12.0
Remained basically unchanged 47 87.0 25 86.2 22 88.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 6 11.1 3 10.3 3 12.0
Remained basically unchanged 48 88.9 26 89.7 22 88.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0

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?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 73.7 6 75.0 8 72.7
Somewhat important 3 15.8 1 12.5 2 18.2
Very important 2 10.5 1 12.5 1 9.1
Total 19 100.0 8 100.0 11 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 15.8 1 12.5 2 18.2
Somewhat important 14 73.7 6 75.0 8 72.7
Very important 2 10.5 1 12.5 1 9.1
Total 19 100.0 8 100.0 11 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 10 52.6 3 37.5 7 63.6
Somewhat important 3 15.8 3 37.5 0 0.0
Very important 6 31.6 2 25.0 4 36.4
Total 19 100.0 8 100.0 11 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 78.9 7 87.5 8 72.7
Somewhat important 4 21.1 1 12.5 3 27.3
Very important 0 0.0 0 0.0 0 0.0
Total 19 100.0 8 100.0 11 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 21.1 1 12.5 3 27.3
Somewhat important 10 52.6 5 62.5 5 45.5
Very important 5 26.3 2 25.0 3 27.3
Total 19 100.0 8 100.0 11 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 11 57.9 4 50.0 7 63.6
Somewhat important 6 31.6 4 50.0 2 18.2
Very important 2 10.5 0 0.0 2 18.2
Total 19 100.0 8 100.0 11 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 16 84.2 7 87.5 9 81.8
Somewhat important 2 10.5 1 12.5 1 9.1
Very important 1 5.3 0 0.0 1 9.1
Total 19 100.0 8 100.0 11 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 17 89.5 7 87.5 10 90.9
Somewhat important 2 10.5 1 12.5 1 9.1
Very important 0 0.0 0 0.0 0 0.0
Total 19 100.0 8 100.0 11 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 80.0 12 85.7 0 0.0
Somewhat important 3 20.0 2 14.3 1 100.0
Very important 0 0.0 0 0.0 0 0.0
Total 15 100.0 14 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 40.0 6 42.9 0 0.0
Somewhat important 7 46.7 6 42.9 1 100.0
Very important 2 13.3 2 14.3 0 0.0
Total 15 100.0 14 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 11 73.3 10 71.4 1 100.0
Somewhat important 4 26.7 4 28.6 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 15 100.0 14 100.0 1 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 20.0 3 21.4 0 0.0
Somewhat important 8 53.3 7 50.0 1 100.0
Very important 4 26.7 4 28.6 0 0.0
Total 15 100.0 14 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 11 73.3 11 78.6 0 0.0
Somewhat important 4 26.7 3 21.4 1 100.0
Very important 0 0.0 0 0.0 0 0.0
Total 15 100.0 14 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 10 66.7 9 64.3 1 100.0
Somewhat important 3 20.0 3 21.4 0 0.0
Very important 2 13.3 2 14.3 0 0.0
Total 15 100.0 14 100.0 1 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 86.7 12 85.7 1 100.0
Somewhat important 2 13.3 2 14.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 15 100.0 14 100.0 1 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 10 66.7 10 71.4 0 0.0
Somewhat important 4 26.7 4 28.6 0 0.0
Very important 1 6.7 0 0.0 1 100.0
Total 15 100.0 14 100.0 1 100.0

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.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 5 9.1 5 16.7 0 0.0
About the same 31 56.4 18 60.0 13 52.0
Moderately weaker 19 34.5 7 23.3 12 48.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 2 3.7 1 3.4 1 4.0
About the same 34 63.0 19 65.5 15 60.0
Moderately weaker 17 31.5 9 31.0 8 32.0
Substantially weaker 1 1.9 0 0.0 1 4.0
Total 54 100.0 29 100.0 25 100.0

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?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 33.3 2 33.3 0 --
Somewhat important 4 66.7 4 66.7 0 --
Very important 0 0.0 0 0.0 0 --
Total 6 100.0 6 100.0 0 --
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 16.7 1 16.7 0 --
Somewhat important 5 83.3 5 83.3 0 --
Very important 0 0.0 0 0.0 0 --
Total 6 100.0 6 100.0 0 --
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 83.3 5 83.3 0 --
Somewhat important 1 16.7 1 16.7 0 --
Very important 0 0.0 0 0.0 0 --
Total 6 100.0 6 100.0 0 --

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 83.3 5 83.3 0 --
Somewhat important 1 16.7 1 16.7 0 --
Very important 0 0.0 0 0.0 0 --
Total 6 100.0 6 100.0 0 --
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 16.7 1 16.7 0 --
Somewhat important 5 83.3 5 83.3 0 --
Very important 0 0.0 0 0.0 0 --
Total 6 100.0 6 100.0 0 --
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 16.7 1 16.7 0 --
Somewhat important 5 83.3 5 83.3 0 --
Very important 0 0.0 0 0.0 0 --
Total 6 100.0 6 100.0 0 --

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 23.8 1 11.1 4 33.3
Somewhat important 14 66.7 8 88.9 6 50.0
Very important 2 9.5 0 0.0 2 16.7
Total 21 100.0 9 100.0 12 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 9.5 0 0.0 2 16.7
Somewhat important 17 81.0 9 100.0 8 66.7
Very important 2 9.5 0 0.0 2 16.7
Total 21 100.0 9 100.0 12 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 4.8 1 11.1 0 0.0
Somewhat important 12 57.1 5 55.6 7 58.3
Very important 8 38.1 3 33.3 5 41.7
Total 21 100.0 9 100.0 12 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 8 38.1 3 33.3 5 41.7
Somewhat important 11 52.4 5 55.6 6 50.0
Very important 2 9.5 1 11.1 1 8.3
Total 21 100.0 9 100.0 12 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 28.6 1 11.1 5 41.7
Somewhat important 10 47.6 5 55.6 5 41.7
Very important 5 23.8 3 33.3 2 16.7
Total 21 100.0 9 100.0 12 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 18 85.7 8 88.9 10 83.3
Somewhat important 3 14.3 1 11.1 2 16.7
Very important 0 0.0 0 0.0 0 0.0
Total 21 100.0 9 100.0 12 100.0

6. At your bank, 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 C&I lines as opposed to the refinancing of existing loans.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
The number of inquiries has increased substantially 1 1.8 1 3.3 0 0.0
The number of inquiries has increased moderately 6 10.9 5 16.7 1 4.0
The number of inquiries has stayed about the same 35 63.6 18 60.0 17 68.0
The number of inquiries has decreased moderately 12 21.8 6 20.0 6 24.0
The number of inquiries has decreased substantially 1 1.8 0 0.0 1 4.0
Total 55 100.0 30 100.0 25 100.0

Question 7 asks about the quality of C&I loans on your bank's books by the size of the borrowing firm.

7. For C&I loans on your bank's books at the end of the fourth quarter of 2009, how does the delinquency rate on C&I loans to small firms compare with the delinquency rate on C&I loans to large and middle-market firms?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
The rate for small firms is substantially higher than the rate for large and middle-market firms 7 13.0 5 17.2 2 8.0
The rate for small firms is moderately higher than the rate for large and middle-market firms 30 55.6 18 62.1 12 48.0
The rate for small firms is about the same as the rate for large and middle-market firms 15 27.8 4 13.8 11 44.0
The rate for small firms is moderately lower than the rate for large and middle-market firms 2 3.7 2 6.9 0 0.0
The rate for small firms is substantially lower than the rate for large and middle-market firms 0 0.0 0 0.0 0 0.0
My bank does not make C&I loans to both types of firms or does not make C&I loans at all 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0

Questions 8-9 ask about commercial real estate (CRE) loans at your bank, including construction and land development loans and loans secured by nonfarm nonresidential real estate. Question 8 deals with changes in your bank's standards over the past three months. Question 9 deals with changes in demand. If your bank's lending standards or terms 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 standards or terms 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.

8. Over the past three months, how have your bank's credit standards for approving applications for CRE loans changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 4 7.3 2 6.7 2 8.0
Tightened somewhat 11 20.0 4 13.3 7 28.0
Remained basically unchanged 40 72.7 24 80.0 16 64.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

9. Apart from normal seasonal variation, how has demand for CRE loans changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 2 3.6 2 6.7 0 0.0
About the same 36 65.5 21 70.0 15 60.0
Moderately weaker 14 25.5 5 16.7 9 36.0
Substantially weaker 3 5.5 2 6.7 1 4.0
Total 55 100.0 30 100.0 25 100.0

Question 10 focuses on changes in your bank's policies on CRE loans over the past year. If your bank's lending policies have not changed over the past year, please report them as unchanged even if they are either restrictive or accommodative relative to longer-term norms. If your bank's policies have tightened or eased over the past year, please report these changes regardless of how your bank's policies stand relative to longer-term norms.

10. Over the past year, how has your bank changed the following policies on CRE loans?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 9 16.4 5 16.7 4 16.0
Tightened somewhat 19 34.5 10 33.3 9 36.0
Remained basically unchanged 26 47.3 14 46.7 12 48.0
Eased somewhat 1 1.8 1 3.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 4 7.3 3 10.0 1 4.0
Tightened somewhat 14 25.5 7 23.3 7 28.0
Remained basically unchanged 36 65.5 19 63.3 17 68.0
Eased somewhat 1 1.8 1 3.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 18 32.7 15 50.0 3 12.0
Tightened somewhat 25 45.5 8 26.7 17 68.0
Remained basically unchanged 11 20.0 6 20.0 5 20.0
Eased somewhat 1 1.8 1 3.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 9 16.4 5 16.7 4 16.0
Tightened somewhat 27 49.1 15 50.0 12 48.0
Remained basically unchanged 19 34.5 10 33.3 9 36.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 8 14.5 4 13.3 4 16.0
Tightened somewhat 8 14.5 4 13.3 4 16.0
Remained basically unchanged 38 69.1 21 70.0 17 68.0
Eased somewhat 1 1.8 1 3.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 4 7.3 2 6.7 2 8.0
Tightened somewhat 33 60.0 18 60.0 15 60.0
Remained basically unchanged 18 32.7 10 33.3 8 32.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

Questions 11-12 ask about three categories of residential mortgage loans at your bank—prime residential mortgages, nontraditional residential mortgages, and subprime residential mortgages. Question 11 deals with changes in your bank's credit standards for loans in each of these categories over the past three months. Question 12 deals with changes in demand for loans in each of these categories over the same period. 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.

For the purposes of this survey, please use the following definitions of these loan categories (note that the loan categories are not mutually exclusive) and include first-lien loans only:

11. Over the past three months, how have your bank's credit standards for approving applications from individuals for mortgage loans to purchase homes changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.9 0 0.0 1 4.2
Tightened somewhat 8 15.1 3 10.3 5 20.8
Remained basically unchanged 42 79.2 24 82.8 18 75.0
Eased somewhat 2 3.8 2 6.9 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 53 100.0 29 100.0 24 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 11.8 0 0.0 2 40.0
Tightened somewhat 3 17.6 2 16.7 1 20.0
Remained basically unchanged 12 70.6 10 83.3 2 40.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 17 100.0 12 100.0 5 100.0

12. Apart from normal seasonal variation, how has demand for mortgages to purchase homes changed over the past three months? (Please consider only new originations as opposed to the refinancing of existing mortgages.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 11 21.2 5 17.2 6 26.1
About the same 26 50.0 16 55.2 10 43.5
Moderately weaker 15 28.8 8 27.6 7 30.4
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 52 100.0 29 100.0 23 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
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 11 64.7 9 75.0 2 40.0
Moderately weaker 6 35.3 3 25.0 3 60.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 17 100.0 12 100.0 5 100.0

Questions 13-14 ask about revolving home equity lines of credit at your bank. Question 13 deals with changes in your bank's credit standards over the past three months. Question 14 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.

13. Over the past three months, how have your bank's credit standards for approving applications for revolving home equity lines of credit changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 9.3 2 6.9 3 12.0
Remained basically unchanged 48 88.9 26 89.7 22 88.0
Eased somewhat 1 1.9 1 3.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0

14. 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 RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 7.4 1 3.4 3 12.0
About the same 24 44.4 15 51.7 9 36.0
Moderately weaker 22 40.7 12 41.4 10 40.0
Substantially weaker 4 7.4 1 3.4 3 12.0
Total 54 100.0 29 100.0 25 100.0

Questions 15-20 ask about consumer lending at your bank. Question 15 deals with changes in your bank's willingness to make consumer loans over the past three months. Questions 16-19 deal with changes in credit standards and loan terms over the same period. Question 20 deals 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.

15. Please indicate your bank's willingness to make consumer installment loans now as opposed to three months ago.

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Much more willing 0 0.0 0 0.0 0 0.0
Somewhat more willing 6 11.5 3 11.1 3 12.0
About unchanged 45 86.5 23 85.2 22 88.0
Somewhat less willing 0 0.0 0 0.0 0 0.0
Much less willing 1 1.9 1 3.7 0 0.0
Total 52 100.0 27 100.0 25 100.0

16. Over the past three months, how have your bank's credit standards for approving applications for credit cards from individuals or households changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 5.6 1 5.3 1 5.9
Remained basically unchanged 33 91.7 17 89.5 16 94.1
Eased somewhat 1 2.8 1 5.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 36 100.0 19 100.0 17 100.0

17. Over the past three months, how have your bank's credit standards for approving applications for consumer loans other than credit card loans changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.8 1 3.7 2 8.0
Remained basically unchanged 47 90.4 24 88.9 23 92.0
Eased somewhat 2 3.8 2 7.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 52 100.0 27 100.0 25 100.0

18. 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?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.9 1 5.3 0 0.0
Tightened somewhat 13 37.1 8 42.1 5 31.3
Remained basically unchanged 21 60.0 10 52.6 11 68.8
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 35 100.0 19 100.0 16 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.9 1 5.3 0 0.0
Tightened somewhat 7 20.0 4 21.1 3 18.8
Remained basically unchanged 26 74.3 13 68.4 13 81.3
Eased somewhat 1 2.9 1 5.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 35 100.0 19 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 2.9 0 0.0 1 6.3
Remained basically unchanged 34 97.1 19 100.0 15 93.8
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 35 100.0 19 100.0 16 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 6 17.1 4 21.1 2 12.5
Remained basically unchanged 27 77.1 13 68.4 14 87.5
Eased somewhat 2 5.7 2 10.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 35 100.0 19 100.0 16 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.9 1 5.3 0 0.0
Tightened somewhat 9 25.7 3 15.8 6 37.5
Remained basically unchanged 24 68.6 14 73.7 10 62.5
Eased somewhat 1 2.9 1 5.3 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 35 100.0 19 100.0 16 100.0

19. Over the past three months, how has your bank changed the following terms and conditions on consumer loans other than credit card loans? (Please assign each term a number between 1 and 5 using the following scale: 1=tightened considerably, 2=tightened somewhat, 3=remained basically unchanged, 4=eased somewhat, 5=eased considerably.)

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.9 0 0.0 2 8.3
Remained basically unchanged 49 96.1 27 100.0 22 91.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 27 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.0 0 0.0 1 4.2
Tightened somewhat 5 9.8 3 11.1 2 8.3
Remained basically unchanged 42 82.4 22 81.5 20 83.3
Eased somewhat 3 5.9 2 7.4 1 4.2
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 27 100.0 24 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.0 0 0.0 1 4.2
Tightened somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 50 98.0 27 100.0 23 95.8
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 27 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.0 0 0.0 1 4.2
Tightened somewhat 3 5.9 0 0.0 3 12.5
Remained basically unchanged 45 88.2 25 92.6 20 83.3
Eased somewhat 2 3.9 2 7.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 27 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.0 0 0.0 1 4.2
Tightened somewhat 8 15.7 2 7.4 6 25.0
Remained basically unchanged 41 80.4 24 88.9 17 70.8
Eased somewhat 1 2.0 1 3.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 51 100.0 27 100.0 24 100.0

20. Apart from normal seasonal variation, how has demand for consumer loans of all types changed over the past three months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 4 7.8 2 7.4 2 8.3
About the same 26 51.0 18 66.7 8 33.3
Moderately weaker 19 37.3 7 25.9 12 50.0
Substantially weaker 2 3.9 0 0.0 2 8.3
Total 51 100.0 27 100.0 24 100.0

21. Over the past three months, how has your bank changed the size of credit lines for existing customers with the following types of accounts? Please consider changes made to line sizes during the life of existing credit agreements as well as changes made to line sizes upon renewal or renegotiation of existing agreements.

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 2 3.8 2 7.1 0 0.0
Remained basically unchanged 42 79.2 20 71.4 22 88.0
Decreased somewhat 7 13.2 6 21.4 1 4.0
Decreased considerably 2 3.8 0 0.0 2 8.0
Total 53 100.0 28 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 1 2.8 1 5.3 0 0.0
Remained basically unchanged 23 63.9 11 57.9 12 70.6
Decreased somewhat 12 33.3 7 36.8 5 29.4
Decreased considerably 0 0.0 0 0.0 0 0.0
Total 36 100.0 19 100.0 17 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 33 89.2 17 85.0 16 94.1
Decreased somewhat 4 10.8 3 15.0 1 5.9
Decreased considerably 0 0.0 0 0.0 0 0.0
Total 37 100.0 20 100.0 17 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 1 2.0 1 3.8 0 0.0
Remained basically unchanged 41 83.7 22 84.6 19 82.6
Decreased somewhat 6 12.2 3 11.5 3 13.0
Decreased considerably 1 2.0 0 0.0 1 4.3
Total 49 100.0 26 100.0 23 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 1 2.0 0 0.0 1 4.3
Remained basically unchanged 28 56.0 18 66.7 10 43.5
Decreased somewhat 17 34.0 7 25.9 10 43.5
Decreased considerably 4 8.0 2 7.4 2 8.7
Total 50 100.0 27 100.0 23 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 0 0.0 0 0.0 0 0.0
Remained basically unchanged 26 63.4 15 65.2 11 61.1
Decreased somewhat 13 31.7 7 30.4 6 33.3
Decreased considerably 2 4.9 1 4.3 1 5.6
Total 41 100.0 23 100.0 18 100.0

In recent quarters, loan delinquencies and chargeoffs have moved higher. Questions 22-24 ask about your bank's expectations for the behavior of these measures of loan quality in 2010. Question 22 asks about C&I loans to large and middle-market firms and to small firms. Question 23 asks about CRE loans, and question 24 asks about loans to households.

22. Assuming that economic activity progresses in line with consensus forecasts, what is your outlook for delinquencies and chargeoffs on your bank's C&I loans to large and middle-market firms and to small firms in 2010?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 1 1.9 1 3.4 0 0.0
Loan quality is likely to improve somewhat 25 46.3 18 62.1 7 28.0
Loan quality is likely to stabilize around current levels 19 35.2 6 20.7 13 52.0
Loan quality is likely to deteriorate somewhat 9 16.7 4 13.8 5 20.0
Loan quality is likely to deteriorate substantially 0 0.0 0 0.0 0 0.0
My bank does not originate this type of loan 0 0.0 0 0.0 0 0.0
Total 54 100.0 29 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 18 34.0 11 39.3 7 28.0
Loan quality is likely to stabilize around current levels 21 39.6 9 32.1 12 48.0
Loan quality is likely to deteriorate somewhat 14 26.4 8 28.6 6 24.0
Loan quality is likely to deteriorate substantially 0 0.0 0 0.0 0 0.0
My bank does not originate this type of loan 1 1.9 1 3.6 0 0.0
Total 53 100.0 28 100.0 25 100.0

23. Assuming that economic activity progresses in line with consensus forecasts, what is your outlook for delinquencies and chargeoffs on your bank's CRE loans in 2010?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 8 14.5 3 10.0 5 20.0
Loan quality is likely to stabilize around current levels 20 36.4 11 36.7 9 36.0
Loan quality is likely to deteriorate somewhat 26 47.3 16 53.3 10 40.0
Loan quality is likely to deteriorate substantially 1 1.8 0 0.0 1 4.0
My bank does not originate this type of loan 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

24. Assuming that economic activity progresses in line with consensus forecasts, what is your outlook for delinquencies and chargeoffs on your bank's loans to households in 2010?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 10 18.9 7 24.1 3 12.5
Loan quality is likely to stabilize around current levels 23 43.4 12 41.4 11 45.8
Loan quality is likely to deteriorate somewhat 18 34.0 9 31.0 9 37.5
Loan quality is likely to deteriorate substantially 2 3.8 1 3.4 1 4.2
My bank does not originate this type of loan 0 0.0 0 0.0 0 0.0
Total 53 100.0 29 100.0 24 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 6 28.6 4 28.6 2 28.6
Loan quality is likely to stabilize around current levels 7 33.3 5 35.7 2 28.6
Loan quality is likely to deteriorate somewhat 5 23.8 2 14.3 3 42.9
Loan quality is likely to deteriorate substantially 3 14.3 3 21.4 0 0.0
My bank does not originate this type of loan 30 142.9 14 100.0 16 228.6
Total 21 100.0 14 100.0 7 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 2 33.3 2 40.0 0 0.0
Loan quality is likely to stabilize around current levels 2 33.3 1 20.0 1 100.0
Loan quality is likely to deteriorate somewhat 1 16.7 1 20.0 0 0.0
Loan quality is likely to deteriorate substantially 1 16.7 1 20.0 0 0.0
My bank does not originate this type of loan 46 766.7 24 480.0 22 2200.0
Total 6 100.0 5 100.0 1 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 9 17.3 8 29.6 1 4.0
Loan quality is likely to stabilize around current levels 26 50.0 12 44.4 14 56.0
Loan quality is likely to deteriorate somewhat 16 30.8 6 22.2 10 40.0
Loan quality is likely to deteriorate substantially 1 1.9 1 3.7 0 0.0
My bank does not originate this type of loan 1 1.9 1 3.7 0 0.0
Total 52 100.0 27 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 9 25.0 6 31.6 3 17.6
Loan quality is likely to stabilize around current levels 18 50.0 10 52.6 8 47.1
Loan quality is likely to deteriorate somewhat 9 25.0 3 15.8 6 35.3
Loan quality is likely to deteriorate substantially 0 0.0 0 0.0 0 0.0
My bank does not originate this type of loan 15 41.7 9 47.4 6 35.3
Total 36 100.0 19 100.0 17 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Loan quality is likely to improve substantially 0 0.0 0 0.0 0 0.0
Loan quality is likely to improve somewhat 13 25.5 11 42.3 2 8.0
Loan quality is likely to stabilize around current levels 33 64.7 15 57.7 18 72.0
Loan quality is likely to deteriorate somewhat 5 9.8 0 0.0 5 20.0
Loan quality is likely to deteriorate substantially 0 0.0 0 0.0 0 0.0
My bank does not originate this type of loan 2 3.9 2 7.7 0 0.0
Total 51 100.0 26 100.0 25 100.0

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 $20 billion or more as of September 30, 2009. The combined assets of the 30 large banks totaled $6.1 trillion, compared to $6.4 trillion for the entire panel of 55 banks, and 10.3 trillion for all domestically chartered, federally insured commercial banks.

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