Skip to content1. 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—changed?
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 1 | 4.3 |
| Remained basically unchanged | 21 | 91.3 |
| Eased somewhat | 1 | 4.3 |
| Eased considerably | 0 | 0.0 |
| Total | 23 | 100.0 |
2. For applications for C&I loans or credit lines—other than those to be used to finance mergers and acquisitions—that your bank currently is willing to approve, how have the terms of those loans changed over the past three months?
a. Maximum size of credit lines
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 1 | 4.3 |
| Remained basically unchanged | 17 | 73.9 |
| Eased somewhat | 5 | 21.7 |
| Eased considerably | 0 | 0.0 |
| Total | 23 | 100.0 |
b. Maximum maturity of loans or credit lines
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 0 | 0.0 |
| Remained basically unchanged | 21 | 91.3 |
| Eased somewhat | 2 | 8.7 |
| Eased considerably | 0 | 0.0 |
| Total | 23 | 100.0 |
c. Costs of credit lines
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 2 | 8.7 |
| Remained basically unchanged | 20 | 87.0 |
| Eased somewhat | 1 | 4.3 |
| Eased considerably | 0 | 0.0 |
| Total | 23 | 100.0 |
d. Spreads of loan rates over your bank's cost of funds (wider spreads=tightened, narrower spreads=eased)
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 3 | 13.0 |
| Remained basically unchanged | 17 | 73.9 |
| Eased somewhat | 3 | 13.0 |
| Eased considerably | 0 | 0.0 |
| Total | 23 | 100.0 |
e. Premiums charged on riskier loans
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 3 | 13.0 |
| Remained basically unchanged | 19 | 82.6 |
| Eased somewhat | 1 | 4.3 |
| Eased considerably | 0 | 0.0 |
| Total | 23 | 100.0 |
f. Loan covenants
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 0 | 0.0 |
| Remained basically unchanged | 22 | 95.7 |
| Eased somewhat | 1 | 4.3 |
| Eased considerably | 0 | 0.0 |
| Total | 23 | 100.0 |
g. Collateralization requirements
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 0 | 0.0 |
| Remained basically unchanged | 23 | 100.0 |
| Eased somewhat | 0 | 0.0 |
| Eased considerably | 0 | 0.0 |
| Total | 23 | 100.0 |
h. Use of interest rate floors (more use=tightened, less use=eased)
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 0 | 0.0 |
| Remained basically unchanged | 20 | 95.2 |
| Eased somewhat | 1 | 4.8 |
| Eased considerably | 0 | 0.0 |
| Total | 21 | 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?
A. Possible reasons for tightening credit standards or loan terms:
a. Deterioration in your bank's current or expected capital position
b. Less favorable or more uncertain economic outlook
c. Worsening of industry-specific problems (please specify industries)
d. Less aggressive competition from other banks or nonbank lenders (other financial intermediaries or the capital markets)
e. Reduced tolerance for risk
f. Decreased liquidity in the secondary market for these loans
g. Deterioration in your bank's current or expected liquidity position
h. Increased concerns about the potential effects of legislative changes, supervisory actions, or accounting standards
B. Possible reasons for easing credit standards or loan terms:
a. Improvement in your bank's current or expected capital position
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 4 | 100.0 |
| Somewhat important | 0 | 0.0 |
| Very important | 0 | 0.0 |
| Total | 4 | 100.0 |
b. More favorable or less uncertain economic outlook
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 1 | 25.0 |
| Somewhat important | 3 | 75.0 |
| Very important | 0 | 0.0 |
| Total | 4 | 100.0 |
c. Improvement in industry-specific problems (please specify industries)
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 4 | 100.0 |
| Somewhat important | 0 | 0.0 |
| Very important | 0 | 0.0 |
| Total | 4 | 100.0 |
d. More aggressive competition from other banks or nonbank lenders (other financial intermediaries or the capital markets)
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 0 | 0.0 |
| Somewhat important | 1 | 25.0 |
| Very important | 3 | 75.0 |
| Total | 4 | 100.0 |
e. Increased tolerance for risk
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 2 | 50.0 |
| Somewhat important | 2 | 50.0 |
| Very important | 0 | 0.0 |
| Total | 4 | 100.0 |
f. Increased liquidity in the secondary market for these loans
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 3 | 75.0 |
| Somewhat important | 1 | 25.0 |
| Very important | 0 | 0.0 |
| Total | 4 | 100.0 |
g. Improvement in your bank's current or expected liquidity position
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 4 | 100.0 |
| Somewhat important | 0 | 0.0 |
| Very important | 0 | 0.0 |
| Total | 4 | 100.0 |
h. Reduced concerns about the potential effects of legislative changes, supervisory actions, or accounting standards
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 4 | 100.0 |
| Somewhat important | 0 | 0.0 |
| Very important | 0 | 0.0 |
| Total | 4 | 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 Respondents | ||
|---|---|---|
| Banks | Percent | |
| Substantially stronger | 1 | 4.3 |
| Moderately stronger | 4 | 17.4 |
| About the same | 18 | 78.3 |
| Moderately weaker | 0 | 0.0 |
| Substantially weaker | 0 | 0.0 |
| Total | 23 | 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?
A. If stronger loan demand (answer 1 or 2 to question 4), possible reasons:
a. Customer inventory financing needs increased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 2 | 40.0 |
| Somewhat important | 3 | 60.0 |
| Very important | 0 | 0.0 |
| Total | 5 | 100.0 |
b. Customer accounts receivable financing needs increased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 2 | 40.0 |
| Somewhat important | 3 | 60.0 |
| Very important | 0 | 0.0 |
| Total | 5 | 100.0 |
c. Customer investment in plant or equipment increased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 2 | 40.0 |
| Somewhat important | 3 | 60.0 |
| Very important | 0 | 0.0 |
| Total | 5 | 100.0 |
d. Customer internally generated funds decreased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 4 | 80.0 |
| Somewhat important | 1 | 20.0 |
| Very important | 0 | 0.0 |
| Total | 5 | 100.0 |
e. Customer merger or acquisition financing needs increased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 2 | 40.0 |
| Somewhat important | 3 | 60.0 |
| Very important | 0 | 0.0 |
| Total | 5 | 100.0 |
f. Customer borrowing shifted to your bank from other bank or nonbank sources because these other sources became less attractive
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 5 | 100.0 |
| Somewhat important | 0 | 0.0 |
| Very important | 0 | 0.0 |
| Total | 5 | 100.0 |
g. Customers' precautionary demand for cash and liquidity increased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 3 | 60.0 |
| Somewhat important | 2 | 40.0 |
| Very important | 0 | 0.0 |
| Total | 5 | 100.0 |
B. If weaker loan demand (answer 4 or 5 to question 4), possible reasons:
a. Customer inventory financing needs decreased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 0 | -- |
| Somewhat important | 0 | -- |
| Very important | 0 | -- |
| Total | 0 | -- |
b. Customer accounts receivable financing needs decreased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 0 | -- |
| Somewhat important | 0 | -- |
| Very important | 0 | -- |
| Total | 0 | -- |
c. Customer investment in plant or equipment decreased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 0 | -- |
| Somewhat important | 0 | -- |
| Very important | 0 | -- |
| Total | 0 | -- |
d. Customer internally generated funds increased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 0 | -- |
| Somewhat important | 0 | -- |
| Very important | 0 | -- |
| Total | 0 | -- |
e. Customer merger or acquisition financing needs decreased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 0 | -- |
| Somewhat important | 0 | -- |
| Very important | 0 | -- |
| Total | 0 | -- |
f. Customer borrowing shifted from your bank to other bank or nonbank sources because these other sources became more attractive
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 0 | -- |
| Somewhat important | 0 | -- |
| Very important | 0 | -- |
| Total | 0 | -- |
g. Customers’ precautionary demand for cash and liquidity decreased
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Not important | 0 | -- |
| Somewhat important | 0 | -- |
| Very important | 0 | -- |
| Total | 0 | -- |
6. At your bank, apart from normal seasonal variation, 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 or increased C&I lines as opposed to the refinancing of existing loans.)
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| The number of inquiries has increased substantially | 0 | 0.0 |
| The number of inquiries has increased moderately | 5 | 21.7 |
| The number of inquiries has stayed about the same | 18 | 78.3 |
| The number of inquiries has decreased moderately | 0 | 0.0 |
| The number of inquiries has decreased substantially | 0 | 0.0 |
| Total | 23 | 100.0 |
7. Over the past three months, how have your bank's credit standards for approving applications for CRE loans changed?
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Tightened considerably | 0 | 0.0 |
| Tightened somewhat | 0 | 0.0 |
| Remained basically unchanged | 9 | 81.8 |
| Eased somewhat | 2 | 18.2 |
| Eased considerably | 0 | 0.0 |
| Total | 11 | 100.0 |
8. Apart from normal seasonal variation, how has demand for CRE loans changed over the past three months?
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Substantially stronger | 0 | 0.0 |
| Moderately stronger | 2 | 18.2 |
| About the same | 9 | 81.8 |
| Moderately weaker | 0 | 0.0 |
| Substantially weaker | 0 | 0.0 |
| Total | 11 | 100.0 |
9. 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 in the following categories in 2015? (Please refer to the definitions of large and middle-market firms and of small firms suggested in question 1. If your bank defines firm size differently from the categories suggested in question 1, please use your definitions and indicate what they are.)
A. Outlook for loan quality on my bank's syndicated nonleveraged C&I loans to large and middle-market firms:
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Loan quality is likely to improve substantially | 0 | 0.0 |
| Loan quality is likely to improve somewhat | 2 | 8.7 |
| Loan quality is likely to remain around current levels | 18 | 78.3 |
| Loan quality is likely to deteriorate somewhat | 3 | 13.0 |
| Loan quality is likely to deteriorate substantially | 0 | 0.0 |
| Total | 23 | 100.0 |
B. Outlook for loan quality on my bank's syndicated leveraged C&I loans to large and middle-market firms:
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Loan quality is likely to improve substantially | 0 | 0.0 |
| Loan quality is likely to improve somewhat | 2 | 9.5 |
| Loan quality is likely to remain around current levels | 14 | 66.7 |
| Loan quality is likely to deteriorate somewhat | 4 | 19.0 |
| Loan quality is likely to deteriorate substantially | 1 | 4.8 |
| Total | 21 | 100.0 |
For this question, 1 respondent answered “My bank does not originate this type of loan.”
C. Outlook for loan quality on my bank's nonsyndicated C&I loans to large and middle-market firms:
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Loan quality is likely to improve substantially | 0 | 0.0 |
| Loan quality is likely to improve somewhat | 0 | 0.0 |
| Loan quality is likely to remain around current levels | 20 | 95.2 |
| Loan quality is likely to deteriorate somewhat | 1 | 4.8 |
| Loan quality is likely to deteriorate substantially | 0 | 0.0 |
| Total | 21 | 100.0 |
For this question, 1 respondent answered “My bank does not originate this type of loan.”
D. Outlook for loan quality on my bank's C&I loans to small firms :
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Loan quality is likely to improve substantially | 0 | 0.0 |
| Loan quality is likely to improve somewhat | 0 | 0.0 |
| Loan quality is likely to remain around current levels | 7 | 77.8 |
| Loan quality is likely to deteriorate somewhat | 2 | 22.2 |
| Loan quality is likely to deteriorate substantially | 0 | 0.0 |
| Total | 9 | 100.0 |
For this question, 8 respondents answered “My bank does not originate this type of loan.”
10. Assuming that economic activity progresses in line with consensus forecasts, what is your outlook for delinquencies and chargeoffs on your bank's commercial real estate loans in the following categories in 2015?
A. Outlook for loan quality on my bank's construction and land development loans:
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Loan quality is likely to improve substantially | 0 | 0.0 |
| Loan quality is likely to improve somewhat | 0 | 0.0 |
| Loan quality is likely to remain around current levels | 6 | 100.0 |
| Loan quality is likely to deteriorate somewhat | 0 | 0.0 |
| Loan quality is likely to deteriorate substantially | 0 | 0.0 |
| Total | 6 | 100.0 |
For this question, 7 respondents answered “My bank does not originate this type of loan.”
B. Outlook for loan quality on my bank's loans secured by nonfarm nonresidential properties :
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Loan quality is likely to improve substantially | 0 | 0.0 |
| Loan quality is likely to improve somewhat | 0 | 0.0 |
| Loan quality is likely to remain around current levels | 7 | 87.5 |
| Loan quality is likely to deteriorate somewhat | 1 | 12.5 |
| Loan quality is likely to deteriorate substantially | 0 | 0.0 |
| Total | 8 | 100.0 |
For this question, 6 respondents answered “My bank does not originate this type of loan.”
C. Outlook for loan quality on my bank's loans secured by multifamily residential properties :
| All Respondents | ||
|---|---|---|
| Banks | Percent | |
| Loan quality is likely to improve substantially | 0 | 0.0 |
| Loan quality is likely to improve somewhat | 0 | 0.0 |
| Loan quality is likely to remain around current levels | 8 | 100.0 |
| Loan quality is likely to deteriorate somewhat | 0 | 0.0 |
| Loan quality is likely to deteriorate substantially | 0 | 0.0 |
| Total | 8 | 100.0 |
For this question, 5 respondents answered “My bank does not originate this type of loan.”