NEW YORK May 5 Banks eased lending standards
for U.S. commercial loans in the last three months while demand
for the loans increased, continuing a pattern in the last few
quarters, the Federal Reserve said on Monday.
Banks on balance "eased their lending policies for
commercial and industrial and commercial real estate (CRE) loans
and experienced stronger demand for both types of loans over the
past three months," the U.S. central bank said in its quarterly
senior loan officer survey.
"Banks reported easing loan terms, on net, over that
period," it added.
The poll covered 74 U.S. banks and 23 U.S. branches of
The Fed is still providing very accommodative monetary
policy more than five years after the end of the 2007-2009
recession, and increased bank lending is a big part of its
overall stimulus plan for the world's biggest economy.
In the survey results, the Fed said banks eased standards on
consumer credit card and auto loans, but tightened standards on
nontraditional closed-end mortgage loans.
More banks reported weaker demand for each type of
residential real estate loans, while more reported stronger
demand for credit card and auto loans, the Fed said.
(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)