The numbers: Lending officers at major banks told the Federal Reserve on Monday that in the first three months of the year they tightened standards and saw reduced demand. The banks said they expected the tightening trend to continue all year.
Key details: In the first-quarter Senior Loan Officer Opinion Survey, respondents reported tighter standards and weaker demand for commercial and industrial loans to all sizes of firms. There were tighter standards for all forms of commercial real-estate loans.
The…
