About 40 percent of the commercial bankers across the U.S. continued to tighten their lending criteria over the past three months, according to the Federal Reserve Board April Senior Loan Officer Opinion Survey on Bank Lending Practices. About 65 percent of the bankers surveyed in January reported tightening their lending C&I lending practices in the previous three months.
“Although 40 percent is still very elevated, the April survey marks the first time since January 2008 that the proportion of banks reporting such tightening fell below 50 percent,” the survey reports.
“On balance, about 60 percent of domestic banks reported a further weakening of demand for C&I loans from firms of all sizes over the previous three months, a proportion similar to that reported in the January review.”
About 65 percent of domestic banks reported tightening lending standards for commercial real estate loans over the previous three months, compared to about 80 percent in January.
To view the full survey summary, click here.
