NEW YORK – Lending conditions are beginning to ease as banks relaxed some standards and terms in some loan categories, according to results of the Federal Reserve's Senior Loan Officers Survey, released Monday.
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Still, the improvement has been mostly seen at large domestic banks.
“Most banks reported that demand for business and consumer loans was about unchanged,” the survey noted.
“Domestic survey respondents reported having eased standards and most terms on C&I loans to firms of all sizes, a move that continues a modest unwinding of the widespread tightening that occurred over the past few years. Moreover, this is the first survey that has shown an easing of standards on C&I loans to small firms since late 2006,” the survey said.
