The April 2023 Fed Survey on Bank Lending Practices shows tightening credit and weakening demand across a wide range of consumer and commercial products Commercial: Survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans to large and middle-market firms as well as small firms over the first quarter. Commercial: Banks reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories. Consumer: Banks reported that lending standards tightened across all categories of residential real estate (RRE) loans other than government- sponsored enterprise (GSE)-eligible and government residential mortgages. Consumer: Demand weakened for all RRE loan categories. Consumer: Banks reported tighter standards and weaker demand for home equity lines of credit (HELOCs). Consumer: Standards tightened for all consumer loan categories; demand weakened for auto and other consumer loans, while it remained basically unchanged for credit cards.
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