Banks not loosening credit yet, Fed reports
On
February 01, 2010
WASHINGTON (MarketWatch) – Banks in the United States aren’t tightening credit standards as much as they were a year or two ago, but they haven’t yet loosened the flow of credit to consumers or businesses, the Federal Reserve reported Monday. The net percentage of banks that were tightening standards was close to zero but positive for most types of loans, the Fed said in its quarterly survey of senior loan officers at 55 U.S. banks and 23 foreign banks doing business in the country. In the January survey, most banks reported that demand for most types of loans is still weakening further, the Fed reported.
Originally from MarketWatch
