Lending by Depository Institutions
In the last quarter of 2000, the net share of commercial banks’ senior loan officers (domestic and foreign) who reported tightening their lending standards on commercial and industrial loans reached 60% for loans to large and middle-market firms and 45% for loans to small firms. This is the latest and largest addition to the tightening trend that loan officers have been reporting since 1998:IVQ. Parallel to tighter standards, senior loan officers reported declining demand for commercial and industrial loans; 50% (net) reported weaker loan demand from large and middle-market firms and 30% reported weaker demand from small firms.
Suggested citation: "Lending by Depository Institutions," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-03, pp. 16-17, 03.01.2001.