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Senior Loan Officer Opinion Survey on Bank Lending Practices
April 2010

Survey | Full report (PDF)
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 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 2 3.6 1 3.2 1 4.0
Remained basically unchanged 48 85.7 24 77.4 24 96.0
Eased somewhat 6 10.7 6 19.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 1 1.9 1 3.4 0 0.0
Remained basically unchanged 52 96.3 27 93.1 25 100.0
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

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 3 5.4 1 3.2 2 8.0
Remained basically unchanged 49 87.5 27 87.1 22 88.0
Eased somewhat 4 7.1 3 9.7 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.4 2 6.5 1 4.0
Remained basically unchanged 45 80.4 23 74.2 22 88.0
Eased somewhat 8 14.3 6 19.4 2 8.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 12.5 2 6.5 5 20.0
Remained basically unchanged 37 66.1 20 64.5 17 68.0
Eased somewhat 12 21.4 9 29.0 3 12.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 11 19.6 4 12.9 7 28.0
Remained basically unchanged 30 53.6 15 48.4 15 60.0
Eased somewhat 15 26.8 12 38.7 3 12.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 1.8 0 0.0 1 4.0
Tightened somewhat 11 19.6 5 16.1 6 24.0
Remained basically unchanged 40 71.4 23 74.2 17 68.0
Eased somewhat 4 7.1 3 9.7 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 5 8.9 2 6.5 3 12.0
Remained basically unchanged 46 82.1 26 83.9 20 80.0
Eased somewhat 5 8.9 3 9.7 2 8.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.4 1 3.2 2 8.0
Remained basically unchanged 53 94.6 30 96.8 23 92.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 5.7 1 3.4 2 8.3
Remained basically unchanged 49 92.5 28 96.6 21 87.5
Eased somewhat 1 1.9 0 0.0 1 4.2
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 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 3.7 1 3.4 1 4.0
Remained basically unchanged 49 90.7 26 89.7 23 92.0
Eased somewhat 3 5.6 2 6.9 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 7 13.0 3 10.3 4 16.0
Remained basically unchanged 42 77.8 23 79.3 19 76.0
Eased somewhat 5 9.3 3 10.3 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 3 10.3 8 32.0
Remained basically unchanged 35 64.8 20 69.0 15 60.0
Eased somewhat 7 13.0 5 17.2 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 2 3.7 1 3.4 1 4.0
Tightened somewhat 12 22.2 5 17.2 7 28.0
Remained basically unchanged 38 70.4 22 75.9 16 64.0
Eased somewhat 2 3.7 1 3.4 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 5 9.3 2 6.9 3 12.0
Remained basically unchanged 48 88.9 27 93.1 21 84.0
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 1 3.4 2 8.0
Remained basically unchanged 51 94.4 28 96.6 23 92.0
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 12 75.0 5 83.3 7 70.0
Somewhat important 2 12.5 1 16.7 1 10.0
Very important 2 12.5 0 0.0 2 20.0
Total 16 100.0 6 100.0 10 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 18.8 1 16.7 2 20.0
Somewhat important 10 62.5 3 50.0 7 70.0
Very important 3 18.8 2 33.3 1 10.0
Total 16 100.0 6 100.0 10 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 46.7 2 40.0 5 50.0
Somewhat important 6 40.0 1 20.0 5 50.0
Very important 2 13.3 2 40.0 0 0.0
Total 15 100.0 5 100.0 10 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 81.3 6 100.0 7 70.0
Somewhat important 3 18.8 0 0.0 3 30.0
Very important 0 0.0 0 0.0 0 0.0
Total 16 100.0 6 100.0 10 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 12.5 1 16.7 1 10.0
Somewhat important 8 50.0 4 66.7 4 40.0
Very important 6 37.5 1 16.7 5 50.0
Total 16 100.0 6 100.0 10 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 56.3 3 50.0 6 60.0
Somewhat important 6 37.5 3 50.0 3 30.0
Very important 1 6.3 0 0.0 1 10.0
Total 16 100.0 6 100.0 10 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 87.5 4 66.7 10 100.0
Somewhat important 2 12.5 2 33.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 16 100.0 6 100.0 10 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 87.5 5 83.3 9 90.0
Somewhat important 2 12.5 1 16.7 1 10.0
Very important 0 0.0 0 0.0 0 0.0
Total 16 100.0 6 100.0 10 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 16 88.9 13 86.7 3 100.0
Somewhat important 2 11.1 2 13.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 18 100.0 15 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 6 33.3 6 40.0 0 0.0
Somewhat important 10 55.6 7 46.7 3 100.0
Very important 2 11.1 2 13.3 0 0.0
Total 18 100.0 15 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 66.7 11 73.3 1 33.3
Somewhat important 6 33.3 4 26.7 2 66.7
Very important 0 0.0 0 0.0 0 0.0
Total 18 100.0 15 100.0 3 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 11.1 2 13.3 0 0.0
Somewhat important 8 44.4 6 40.0 2 66.7
Very important 8 44.4 7 46.7 1 33.3
Total 18 100.0 15 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 13 72.2 10 66.7 3 100.0
Somewhat important 5 27.8 5 33.3 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 18 100.0 15 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 66.7 10 66.7 2 66.7
Somewhat important 5 27.8 4 26.7 1 33.3
Very important 1 5.6 1 6.7 0 0.0
Total 18 100.0 15 100.0 3 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 15 83.3 12 80.0 3 100.0
Somewhat important 3 16.7 3 20.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 18 100.0 15 100.0 3 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 14 77.8 13 86.7 1 33.3
Somewhat important 2 11.1 2 13.3 0 0.0
Very important 2 11.1 0 0.0 2 66.7
Total 18 100.0 15 100.0 3 100.0

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 8 14.3 6 19.4 2 8.0
About the same 36 64.3 19 61.3 17 68.0
Moderately weaker 11 19.6 5 16.1 6 24.0
Substantially weaker 1 1.8 1 3.2 0 0.0
Total 56 100.0 31 100.0 25 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 6 11.1 4 13.8 2 8.0
About the same 37 68.5 20 69.0 17 68.0
Moderately weaker 9 16.7 3 10.3 6 24.0
Substantially weaker 2 3.7 2 6.9 0 0.0
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 3 33.3 2 28.6 1 50.0
Somewhat important 5 55.6 4 57.1 1 50.0
Very important 1 11.1 1 14.3 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 22.2 2 28.6 0 0.0
Somewhat important 6 66.7 4 57.1 2 100.0
Very important 1 11.1 1 14.3 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 7 77.8 6 85.7 1 50.0
Somewhat important 2 22.2 1 14.3 1 50.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 9 100.0 7 100.0 2 100.0
Somewhat important 0 0.0 0 0.0 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 44.4 2 28.6 2 100.0
Somewhat important 5 55.6 5 71.4 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 4 44.4 2 28.6 2 100.0
Somewhat important 5 55.6 5 71.4 0 0.0
Very important 0 0.0 0 0.0 0 0.0
Total 9 100.0 7 100.0 2 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 2 14.3 1 12.5 1 16.7
Somewhat important 12 85.7 7 87.5 5 83.3
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 8 100.0 6 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 3 21.4 2 25.0 1 16.7
Somewhat important 11 78.6 6 75.0 5 83.3
Very important 0 0.0 0 0.0 0 0.0
Total 14 100.0 8 100.0 6 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 1 7.1 0 0.0 1 16.7
Somewhat important 8 57.1 6 75.0 2 33.3
Very important 5 35.7 2 25.0 3 50.0
Total 14 100.0 8 100.0 6 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 5 35.7 2 25.0 3 50.0
Somewhat important 8 57.1 5 62.5 3 50.0
Very important 1 7.1 1 12.5 0 0.0
Total 14 100.0 8 100.0 6 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 8 57.1 4 50.0 4 66.7
Somewhat important 5 35.7 4 50.0 1 16.7
Very important 1 7.1 0 0.0 1 16.7
Total 14 100.0 8 100.0 6 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Not important 12 85.7 7 87.5 5 83.3
Somewhat important 1 7.1 1 12.5 0 0.0
Very important 1 7.1 0 0.0 1 16.7
Total 14 100.0 8 100.0 6 100.0

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 0 0.0 0 0.0 0 0.0
The number of inquiries has increased moderately 10 18.2 6 19.4 4 16.7
The number of inquiries has stayed about the same 36 65.5 21 67.7 15 62.5
The number of inquiries has decreased moderately 8 14.5 4 12.9 4 16.7
The number of inquiries has decreased substantially 1 1.8 0 0.0 1 4.2
Total 55 100.0 31 100.0 24 100.0

Questions 7-10 ask about your bank’s lending policies regarding business credit card accounts for use by small firms. For the purposes of these questions, small firms are defined as firms with annual sales of less than $50 million. If your bank defines small firms differently, please use your definitions and indicate what they are. If your bank does not issue business credit cards to small firms, please skip to question 11.

7. Please describe how your bank’s current level of standards and terms for approving applications for business credit card accounts for small firms compares to the average level of standards and terms that your bank applied over the 1998 to 2007 period (referred to below as the longer-run average level).

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
My bank’s current level of standards and terms is considerably tighter than its longer-run average level 8 24.2 5 25.0 3 23.1
My bank’s current level of standards and terms is somewhat tighter than its longer-run average level 15 45.5 10 50.0 5 38.5
My bank’s current level of standards and terms is about the same as its longer-run average level 9 27.3 5 25.0 4 30.8
My bank’s current level of standards and terms is somewhat looser than its longer-run average level 1 3.0 0 0.0 1 7.7
My bank’s current level of standards and terms is considerably looser than its longer-run average level 0 0.0 0 0.0 0 0.0
Total 33 100.0 20 100.0 13 100.0

8. Over the past six months, how has your bank changed the following terms and conditions on new or existing business credit card accounts for small firms?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.9 0 0.0 1 7.1
Tightened somewhat 10 29.4 7 35.0 3 21.4
Remained basically unchanged 22 64.7 13 65.0 9 64.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 1 2.9 0 0.0 1 7.1
Total 34 100.0 20 100.0 14 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 5.9 0 0.0 2 14.3
Tightened somewhat 9 26.5 9 45.0 0 0.0
Remained basically unchanged 23 67.6 11 55.0 12 85.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 3.0 0 0.0 1 7.1
Tightened somewhat 4 12.1 3 15.8 1 7.1
Remained basically unchanged 28 84.8 16 84.2 12 85.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 33 100.0 19 100.0 14 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 3 8.8 1 5.0 2 14.3
Tightened somewhat 11 32.4 8 40.0 3 21.4
Remained basically unchanged 20 58.8 11 55.0 9 64.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 3 8.8 1 5.0 2 14.3
Tightened somewhat 9 26.5 6 30.0 3 21.4
Remained basically unchanged 22 64.7 13 65.0 9 64.3
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 5.9 1 5.0 1 7.1
Tightened somewhat 7 20.6 5 25.0 2 14.3
Remained basically unchanged 23 67.6 13 65.0 10 71.4
Eased somewhat 1 2.9 1 5.0 0 0.0
Eased considerably 1 2.9 0 0.0 1 7.1
Total 34 100.0 20 100.0 14 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 5.9 0 0.0 2 14.3
Tightened somewhat 8 23.5 7 35.0 1 7.1
Remained basically unchanged 24 70.6 13 65.0 11 78.6
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.9 0 0.0 1 7.1
Tightened somewhat 3 8.8 2 10.0 1 7.1
Remained basically unchanged 30 88.2 18 90.0 12 85.7
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.9 0 0.0 1 7.1
Tightened somewhat 8 23.5 6 30.0 2 14.3
Remained basically unchanged 24 70.6 13 65.0 11 78.6
Eased somewhat 1 2.9 1 5.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 2 5.9 1 5.0 1 7.1
Tightened somewhat 9 26.5 5 25.0 4 28.6
Remained basically unchanged 22 64.7 13 65.0 9 64.3
Eased somewhat 1 2.9 1 5.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0

9. Apart from normal seasonal variation, how have revolving balances on existing business credit card accounts of small firms changed over the past six months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 10 29.4 5 25.0 5 35.7
Remained basically unchanged 17 50.0 10 50.0 7 50.0
Decreased somewhat 6 17.6 5 25.0 1 7.1
Decreased considerably 1 2.9 0 0.0 1 7.1
Total 34 100.0 20 100.0 14 100.0

10. Apart from normal seasonal variation, how has the number of applications or inquiries for new business credit card accounts or increases in existing credit card lines for small firms changed over the past six months?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 9 26.5 4 20.0 5 35.7
Remained basically unchanged 15 44.1 9 45.0 6 42.9
Decreased somewhat 9 26.5 7 35.0 2 14.3
Decreased considerably 1 2.9 0 0.0 1 7.1
Total 34 100.0 20 100.0 14 100.0

Questions 11-12 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 11 deals with changes in your bank's standards over the past three months. Question 12 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.

11. 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 3 5.4 1 3.2 2 8.0
Tightened somewhat 5 8.9 1 3.2 4 16.0
Remained basically unchanged 47 83.9 28 90.3 19 76.0
Eased somewhat 1 1.8 1 3.2 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 56 100.0 31 100.0 25 100.0

12. 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 8 14.3 6 19.4 2 8.0
About the same 36 64.3 21 67.7 15 60.0
Moderately weaker 10 17.9 3 9.7 7 28.0
Substantially weaker 2 3.6 1 3.2 1 4.0
Total 56 100.0 31 100.0 25 100.0

Question 13 asks about the use of loan extensions on commercial real estate loans at your bank. For the purposes of this question, a loan extension is defined as a modification of a loan at or near the end of the original term that extends the term of the loan, as opposed to a newly underwritten loan used to refinance a maturing loan.

13. Over the past six months, how has your use of loan extensions on commercial real estate loans changed?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 2 3.6 1 3.2 1 4.0
Increased somewhat 24 42.9 16 51.6 8 32.0
Remained basically unchanged 28 50.0 13 41.9 15 60.0
Decreased somewhat 1 1.8 0 0.0 1 4.0
Decreased considerably 1 1.8 1 3.2 0 0.0
Total 56 100.0 31 100.0 25 100.0

Questions 14-15 ask about three categories of residential mortgage loans at your bank—prime residential mortgages, nontraditional residential mortgages, and subprime residential mortgages. Question 14 deals with changes in your bank's credit standards for loans in each of these categories over the past three months. Question 15 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:

14. 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 1 3.4 0 0.0
Tightened somewhat 5 9.4 2 6.9 3 12.5
Remained basically unchanged 42 79.2 22 75.9 20 83.3
Eased somewhat 5 9.4 4 13.8 1 4.2
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 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 14.3 3 18.8 0 0.0
Remained basically unchanged 16 76.2 11 68.8 5 100.0
Eased somewhat 2 9.5 2 12.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 21 100.0 16 100.0 5 100.0

15. 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 20.8 2 6.9 9 37.5
About the same 24 45.3 14 48.3 10 41.7
Moderately weaker 17 32.1 12 41.4 5 20.8
Substantially weaker 1 1.9 1 3.4 0 0.0
Total 53 100.0 29 100.0 24 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Substantially stronger 0 0.0 0 0.0 0 0.0
Moderately stronger 2 9.5 2 12.5 0 0.0
About the same 10 47.6 6 37.5 4 80.0
Moderately weaker 8 38.1 7 43.8 1 20.0
Substantially weaker 1 4.8 1 6.3 0 0.0
Total 21 100.0 16 100.0 5 100.0

Questions 16-17 ask about revolving home equity lines of credit at your bank. Question 16 deals with changes in your bank's credit standards over the past three months. Question 17 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.

16. 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 4 7.3 1 3.3 3 12.0
Remained basically unchanged 44 80.0 23 76.7 21 84.0
Eased somewhat 7 12.7 6 20.0 1 4.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 55 100.0 30 100.0 25 100.0

17. 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 6 10.9 2 6.7 4 16.0
About the same 28 50.9 20 66.7 8 32.0
Moderately weaker 19 34.5 7 23.3 12 48.0
Substantially weaker 2 3.6 1 3.3 1 4.0
Total 55 100.0 30 100.0 25 100.0

Questions 18-23 ask about consumer lending at your bank. Question 18 deals with changes in your bank's willingness to make consumer loans over the past three months. Questions 19-22 deal with changes in credit standards and loan terms over the same period. Question 23 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.

18. 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 7 14.0 4 14.8 3 13.0
About unchanged 43 86.0 23 85.2 20 87.0
Somewhat less willing 0 0.0 0 0.0 0 0.0
Much less willing 0 0.0 0 0.0 0 0.0
Total 50 100.0 27 100.0 23 100.0

19. 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 5 15.2 3 15.8 2 14.3
Remained basically unchanged 26 78.8 14 73.7 12 85.7
Eased somewhat 2 6.1 2 10.5 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 33 100.0 19 100.0 14 100.0

20. 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 4 8.0 1 3.7 3 13.0
Remained basically unchanged 39 78.0 22 81.5 17 73.9
Eased somewhat 7 14.0 4 14.8 3 13.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 50 100.0 27 100.0 23 100.0

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?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 1 2.9 0 0.0 1 7.1
Tightened somewhat 9 26.5 7 35.0 2 14.3
Remained basically unchanged 22 64.7 11 55.0 11 78.6
Eased somewhat 2 5.9 2 10.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 9 26.5 6 30.0 3 21.4
Remained basically unchanged 25 73.5 14 70.0 11 78.6
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0
 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 7.1
Remained basically unchanged 33 97.1 20 100.0 13 92.9
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 4 11.8 2 10.0 2 14.3
Remained basically unchanged 29 85.3 17 85.0 12 85.7
Eased somewhat 1 2.9 1 5.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 7 20.6 2 10.0 5 35.7
Remained basically unchanged 26 76.5 17 85.0 9 64.3
Eased somewhat 1 2.9 1 5.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 20 100.0 14 100.0

22. Over the past three months, how has your bank changed the following terms and conditions on consumer loans other than credit card loans?

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 4.1 1 3.7 1 4.5
Remained basically unchanged 47 95.9 26 96.3 21 95.5
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 49 100.0 27 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 2 4.1 1 3.7 1 4.5
Remained basically unchanged 39 79.6 24 88.9 15 68.2
Eased somewhat 8 16.3 2 7.4 6 27.3
Eased considerably 0 0.0 0 0.0 0 0.0
Total 49 100.0 27 100.0 22 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 6.1 1 3.7 2 9.1
Remained basically unchanged 44 89.8 24 88.9 20 90.9
Eased somewhat 2 4.1 2 7.4 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 49 100.0 27 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 3 6.1 0 0.0 3 13.6
Remained basically unchanged 46 93.9 27 100.0 19 86.4
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 49 100.0 27 100.0 22 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Tightened considerably 0 0.0 0 0.0 0 0.0
Tightened somewhat 6 12.2 1 3.7 5 22.7
Remained basically unchanged 42 85.7 25 92.6 17 77.3
Eased somewhat 1 2.0 1 3.7 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 49 100.0 27 100.0 22 100.0

23. 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 7 13.5 5 18.5 2 8.0
About the same 29 55.8 18 66.7 11 44.0
Moderately weaker 16 30.8 4 14.8 12 48.0
Substantially weaker 0 0.0 0 0.0 0 0.0
Total 52 100.0 27 100.0 25 100.0

24. 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 0 0.0 0 0.0 0 0.0
Remained basically unchanged 47 87.0 26 89.7 21 84.0
Decreased somewhat 7 13.0 3 10.3 4 16.0
Decreased 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
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 1 2.9 1 5.3 0 0.0
Remained basically unchanged 26 74.3 14 73.7 12 75.0
Decreased somewhat 8 22.9 4 21.1 4 25.0
Decreased 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
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 1 2.9 0 0.0 1 7.7
Remained basically unchanged 29 85.3 19 90.5 10 76.9
Decreased somewhat 4 11.8 2 9.5 2 15.4
Decreased considerably 0 0.0 0 0.0 0 0.0
Total 34 100.0 21 100.0 13 100.0

 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 5 9.3 4 13.3 1 4.2
Remained basically unchanged 40 74.1 23 76.7 17 70.8
Decreased somewhat 9 16.7 3 10.0 6 25.0
Decreased considerably 0 0.0 0 0.0 0 0.0
Total 54 100.0 30 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 2 3.9 2 7.4 0 0.0
Remained basically unchanged 30 58.8 16 59.3 14 58.3
Decreased somewhat 13 25.5 6 22.2 7 29.2
Decreased considerably 6 11.8 3 11.1 3 12.5
Total 51 100.0 27 100.0 24 100.0
 All RespondentsLarge BanksOther Banks
BanksPercentBanksPercentBanksPercent
Increased considerably 0 0.0 0 0.0 0 0.0
Increased somewhat 2 4.4 2 8.0 0 0.0
Remained basically unchanged 33 73.3 18 72.0 15 75.0
Decreased somewhat 6 13.3 3 12.0 3 15.0
Decreased considerably 4 8.9 2 8.0 2 10.0
Total 45 100.0 25 100.0 20 100.0

In June 2009, the Financial Accounting Standards Board announced new Financial Accounting Statements No. 166 (FAS 166), “Accounting for Transfers of Financial Assets," and No. 167 (FAS 167), “Amendments to FASB Interpretation No. 46(R)," to be implemented by banks as of the beginning of each reporting entity’s first annual reporting period that begins after November 15, 2009.2 Questions 25-26 ask about the effects of these new rules on your bank.

25. How have your bank’s standards and terms for loans to businesses and households changed in response to FAS 166/167?

 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 43 100.0 23 100.0 20 100.0
Eased somewhat 0 0.0 0 0.0 0 0.0
Eased considerably 0 0.0 0 0.0 0 0.0
Total 43 100.0 23 100.0 20 100.0

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 December 31, 2009. The combined assets of the 31 large banks totaled $6.3 trillion, compared to $6.6 trillion for the entire panel of 56 banks, and $10.4 trillion for all domestically chartered, federally insured commercial banks.

2. For more information on FAS 166 and 167, please see the Financial Accounting Standards Board's news release: www.fasb.org/cs/ContentServer?c=FASBContent_C&pagename=FASB/FASBContent_C/NewsPage&cid=1176156240834.

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