The April 2014 Senior Loan Officer Opinion Survey on Bank
Lending Practices addressed changes in the standards and terms on,
and demand for, bank loans to businesses and households over the
past three months based on the responses from 74 domestic banks and
23 U.S. branches and agencies of foreign banks.
Regarding loans to businesses, the April survey results
generally indicated that banks eased their lending policies for
commercial and industrial (C&I) and commercial real estate
(CRE) loans and experienced stronger demand for both types of loans
over the past three months.
Regarding loans to households, banks reported mixed changes in
standards. While banks eased standards on consumer credit card and
auto loans, they tightened standards on nontraditional closed-end
Reports of tightening and easing of standards on prime
closed-end residential real estate loans and on home equity lines
of credit were roughly equal. On the demand side, reports of weaker
demand outnumbered reports of stronger demand for each type of
residential real estate loan, and the opposite pattern held for
credit card and auto loans.
Several domestic banks indicated that they were more willing to
make consumer installment loans as compared with the previous
quarter, while no banks indicated they were less willing.
Looking ahead, a large fraction of banks, on net, expect higher
growth (or lower contraction) during 2014 compared with 2013 in
outstanding consumer credit card loans to prime or superprime
customers. A smaller net fraction of banks expect higher growth (or
lower contraction) in outstanding consumer credit card loans to
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