Banks More Willing to Lend
The latest data from the Federal Reserve Survey of Senior Loan Officers show that banks continue to loosen their credit standards and narrow their interest rate spreads on commercial and industrial loans.
The chart shows the percentage of banks that say they are tightening minus the percentage that say they are easing credit standards. Thus the negative numbers we’ve seen lately indicate more easing than tightening. There is no way to gauge the magnitude of the tightening/easing actions, just the number making a change in a given direction.