Accessible version of figures

Senior Credit Officer Opinion Survey on Dealer Financing Terms

Exhibit 1: Management of Concentrated Credit Exposures and Indicators of Supply of Credit

Date Panel 1: Respondents increasing resources and attention to management of concentrated exposure to: Dealers Panel 2: Respondents increasing resources and attention to management of concentrated exposure to: Central counterparties Panel 3: Respondents tightening price terms to: Hedge funds Panel 3: Respondents tightening price terms to: Trading REITs Panel 3: Respondents tightening price terms to: Mutual funds Panel 4: Respondents tightening price terms to: Insurance companies Panel 4: Respondents tightening price terms to: Separately managed accounts Panel 4: Respondents tightening price terms to: Nonfinancial corporations Panel 5: Respondents tightening nonprice terms to: Hedge funds Panel 5: Respondents tightening nonprice terms to: Trading REITs Panel 5: Respondents tightening nonprice terms to: Mutual funds Panel 6: Respondents tightening nonprice terms to: Insurance companies Panel 6: Respondents tightening nonprice terms to: Separately managed accounts Panel 6: Respondents tightening nonprice terms to: Nonfinancial corporations
2010:Q2 55 NC -15 NC NC -10 NC -25 -25 NC NC -10 NC -15
2010:Q3 10 NC -15 NC NC -15 NC -15 -25 NC NC -25 NC -20
2010:Q4 15 NC -25 NC NC -10 NC -15 -45 NC NC -15 NC -15
2011:Q1 25 NC -30 NC NC -10 NC -30 -35 NC NC -25 NC -10
2011:Q2 25 NC -40 NC NC -30 NC -35 -35 NC NC -25 NC -10
2011:Q3 76.19 57.14 4.76 16.67 0 4.76 0 19.05 -23.81 5.26 -9.52 0 -4.76 9.52
2011:Q4 90 65 30 23.53 0 5.26 5 35 25 16.67 0 -10.53 -5.26 20
2012:Q1 30 55 -10 -6 -10 5 -11 -10 -10 -11 -5 5 -5 0
2012:Q2 45.45 68.18 4.55 17.65 -9.09 0 -14.29 -4.55 -4.55 -5.56 -9.09 -4.76 -4.76 4.55
2012:Q3 36.36 59.09 0 0 -4.55 -9.52 -4.55 -13.64 0 -22.22 -13.64 -14.29 -9.09 -9.09
2012:Q4 23 64 5 18 4 5 -5 0 0 -5 5 -10 -5 -9
2013:Q1 9 59 -9 6 -5 -5 -5 -18 -9 0 0 -5 -5 -9
2013:Q2 5 64 -9 -12 -4 0 -5 9 -9 -12 -9 -5 -5 0
2013:Q3 23 55 14 12 9 5 5 0 5 22 -5 -5 0 -14
2013:Q4 18 46 4 0 -5 0 0 -9 -5 22 -5 0 -5 -14
2014:Q1 14 31 0 6 -5 0 -5 0 -9 17 0 -5 -5 -9
2014:Q2 5 18 4 -12 0 0 -5 -9 -9 -6 0 -14 0 -14
2014:Q3 14 23 -5 0 5 5 5 -4 -18 0 0 -9 0 -10
2014:Q4 5 18 18 12 0 5 0 0 -5 -6 0 5 0 0
2015:Q1 19 33 4 0 0 10 -5 5 0 0 5 0 5 10

Return to page

Exhibit 2: Use of Financial Leverage

Date Panel 1: Respondents reporting increased use of leverage by: Hedge Funds Panel 2: Respondents reporting increased use of leverage by: Trading REITs Panel 3: Respondents reporting increased use of leverage by: Insurance Companies Panel 4: Respondents reporting increased use of leverage by: Separately Managed Accounts Panel 5: Respondents reporting increased use of leverage by: Mutual Funds Panel 5: Respondents reporting increased use of leverage by: Exchange-Traded Funds Panel 6: Respondents reporting increased use of leverage by: Pension Funds Panel 6: Respondents reporting increased use of leverage by: Endowments
2011:Q3 -42.86 NC 15 4.76 5 6.25 0 0
2011:Q4 -55 0 0 -5 0 0 5.26 0
2012:Q1 -20 15 5 5 5 6 5 5
2012:Q2 -22.73 4.55 4.76 -9.52 0 0 0 0
2012:Q3 -4.55 5.88 -4.76 0 0 0 0 0
2012:Q4 9 17 0 0 5 0 5 0
2013:Q1 27 6 5 0 0 0 5 0
2013:Q2 22 0 0 10 5 0 0 0
2013:Q3 -18 -33 -5 0 5 0 10 0
2013:Q4 -9 -33 0 0 5 6 0 0
2014:Q1 0 -39 0 5 5 0 0 0
2014:Q2 4 -6 -5 0 5 0 0 0
2014:Q3 23 12 -5 0 0 0 0 0
2014:Q4 0 0 0 0 5 0 0 0
2015:Q1 14 -6 0 0 10 0 0 0

Return to page

Exhibit 3: Measures of Demand for Funding and Market Functioning

Date Panel 1: Respondents reporting increased demand for funding of: High-grade corporate bonds Panel 1: Respondents reporting increased demand for funding of: High-yield corporate bonds Panel 2: Respondents reporting increased demand for funding of: Equities Panel 2: Respondents reporting increased demand for funding of: CMBS Panel 3: Respondents reporting increased demand for funding of: Agency RMBS Panel 3: Respondents reporting increased demand for funding of: Non-agency RMBS Panel 4: Respondents reporting increased demand for funding of: Consumer ABS Panel 5: Respondents reporting an improvement in liquidity and functioning in the underlying markets for: High-grade corporate bonds Panel 5: Respondents reporting an improvement in liquidity and functioning in the underlying markets for: High-yield corporate bonds Panel 5: Respondents reporting an improvement in liquidity and functioning in the underlying markets for: CMBS Panel 6: Respondents reporting an improvement in liquidity and functioning in the underlying markets for: Agency RMBS Panel 6: Respondents reporting an improvement in liquidity and functioning in the underlying markets for: Non-agency RMBS Panel 6: Respondents reporting an improvement in liquidity and functioning in the underlying markets for: Consumer ABS
2010:Q2 23.53 NC 25 NC 33.33 NC NC -5.88 NC NC 5.56 NC NC
2010:Q3 26.67 NC 5.26 NC 29.41 NC NC 40 NC NC 11.76 NC NC
2010:Q4 20 NC 30 NC 27.78 NC NC 40 NC NC 11.11 NC NC
2011:Q1 33.33 NC 27.78 NC 52.94 NC NC 40 NC NC 17.65 NC NC
2011:Q2 31.25 NC -5 NC 33.33 NC NC 50 NC NC 22.22 NC NC
2011:Q3 18.75 23.08 -5 -15.38 31.58 12.5 0 -31.25 -57.14 -61.54 -31.58 -26.67 -36.36
2011:Q4 0 7.14 0 0 -5.56 -13.33 16.67 -33.33 -50 -45.45 -38.89 -50 -50
2012:Q1 13 20 15 15 12 13 18 25 19 31 18 21 27
2012:Q2 16.67 18.75 4.55 -7.69 45 18.75 0 0 -6.25 -7.69 -5 0 8.33
2012:Q3 0 11.11 4.55 14.29 25 37.5 -8.33 10.53 5.88 35.71 10 37.5 8.33
2012:Q4 11 0 5 15 29 13 0 11 5 31 -10 27 0
2013:Q1 12 25 13 38 40 64 0 12 18 23 0 21 20
2013:Q2 21 33 9 29 10 40 14 21 6 14 -10 20 7
2013:Q3 0 7 0 0 -27 13 0 -22 6 -30 -26 -40 -31
2013:Q4 6 7 -5 31 5 33 8 6 -6 23 -5 20 8
2014:Q1 0 0 0 15 0 44 0 11 11 15 5 33 -8
2014:Q2 6 12 9 13 15 44 7 5 6 20 -5 31 0
2014:Q3 -5 12 0 21 0 36 0 0 0 7 0 7 0
2014:Q4 0 24 5 13 5 33 7 -6 12 0 -15 7 0
2015:Q1 -6 25 10 17 6 29 8 -6 -7 0 0 14 0

Return to page