Fed Survey: Banks reported tighter standards and weaker demand for loans
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The Federal Reserve (Fed) released the April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices, which has become more relevant in the context of concerns about regional US banks. The survey results reflect the first quarter of 2023.
According to the report, survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans to large and middle-market firms, as well as small firms, over the first quarter. Banks also mentioned tighter standards and weaker demand for all commercial real estate loan categories.
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