Fed Releases 2Q Senior Loan Officer Survey, Lending Tightened

The Federal Reserve released its second-quarter Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) yesterday. 

Banks reported tightening standards across all three major commercial real estate loan categories and weakened demand for construction and land development loans over the second-quarter of 2019.

Similar to the first quarter, standards on credit card loans continued to tighten while standards for auto loans and most residential real estate loans remained unchanged. Banks reported stronger demand for credit card loans, auto loans, and almost all categories of residential real estate loans with the exception of home equity lines of credit (HELOCs) which remained basically unchanged.

The full survey is available here.