Fed's July Senior Loan Officer Opinion Survey: Demand for consumer loans remained unchanged

Below are the key quotes from the Federal Reserve's recently published 'July 2018 Senior Loan Officer Opinion Survey on Bank Lending Practices.'

•  Respondents to the July survey indicated that they eased their standards and terms on commercial and industrial (C&I) loans to firms of all sizes and kept commercial real estate (CRE) lending standards about unchanged on balance.
• Banks, on balance, reported that their levels of lending standards on C&I loans are currently at the easier end of the range from 2005 to the present.
• Banks reported weaker demand for all categories of RRE loans, while demand for consumer loans reportedly remained about unchanged.
• From a longer-term perspective, banks, on balance, reported that their current level of RRE and subprime consumer lending standards are at the tighter end of the range from 2005 to now.